Alliant Energy Co. (NASDAQ:LNT) Shares Purchased by Creative Planning

Creative Planning boosted its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 1.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 66,868 shares of the company’s stock after purchasing an additional 1,251 shares during the period. Creative Planning’s holdings in Alliant Energy were worth $4,058,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Intech Investment Management LLC grew its stake in Alliant Energy by 604.0% during the first quarter. Intech Investment Management LLC now owns 72,768 shares of the company’s stock worth $3,668,000 after buying an additional 62,431 shares during the period. Cetera Investment Advisers increased its stake in Alliant Energy by 200.8% during the first quarter. Cetera Investment Advisers now owns 215,821 shares of the company’s stock valued at $10,877,000 after purchasing an additional 144,077 shares during the last quarter. Forsta AP Fonden grew its position in shares of Alliant Energy by 36.3% during the first quarter. Forsta AP Fonden now owns 70,600 shares of the company’s stock worth $3,558,000 after acquiring an additional 18,800 shares during the last quarter. FORA Capital LLC acquired a new position in shares of Alliant Energy during the first quarter worth approximately $2,199,000. Finally, Ameritas Investment Partners Inc. lifted its holdings in Alliant Energy by 105.5% in the first quarter. Ameritas Investment Partners Inc. now owns 33,166 shares of the company’s stock worth $1,672,000 after purchasing an additional 17,030 shares during the period. Institutional investors and hedge funds own 79.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on LNT shares. Jefferies Financial Group started coverage on Alliant Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $67.00 price objective for the company. BMO Capital Markets upped their price target on Alliant Energy from $58.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, August 6th. Wells Fargo & Company lifted their target price on Alliant Energy from $62.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. LADENBURG THALM/SH SH raised Alliant Energy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $50.00 to $62.50 in a research report on Tuesday, August 13th. Finally, UBS Group upped their price objective on shares of Alliant Energy from $64.00 to $65.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Alliant Energy currently has an average rating of “Hold” and an average target price of $63.28.

Alliant Energy Price Performance

LNT stock opened at $60.74 on Friday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.48 and a current ratio of 0.65. The firm has a 50 day moving average price of $59.64 and a 200-day moving average price of $54.55. Alliant Energy Co. has a 52-week low of $46.80 and a 52-week high of $62.49. The firm has a market capitalization of $15.57 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 2.93 and a beta of 0.58.

Alliant Energy (NASDAQ:LNT) last released its earnings results on Thursday, August 1st. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.07). The company had revenue of $894.00 million for the quarter, compared to analysts’ expectations of $897.03 million. Alliant Energy had a net margin of 15.77% and a return on equity of 10.23%. Alliant Energy’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.64 earnings per share. Equities research analysts forecast that Alliant Energy Co. will post 3.05 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend is Thursday, October 31st. Alliant Energy’s dividend payout ratio is presently 69.82%.

Alliant Energy Profile

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the United States. It operates in three segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. The company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinois, and Iowa; and generates and distributes steam in Cedar Rapids, Iowa.