Delos Wealth Advisors LLC Has $2.67 Million Stock Position in Alliant Energy Co. (NASDAQ:LNT)

Delos Wealth Advisors LLC boosted its stake in Alliant Energy Co. (NASDAQ:LNT) by 26.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,420 shares of the company’s stock after purchasing an additional 10,833 shares during the quarter. Alliant Energy comprises 2.6% of Delos Wealth Advisors LLC’s investment portfolio, making the stock its 12th biggest position. Delos Wealth Advisors LLC’s holdings in Alliant Energy were worth $2,668,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Gabelli Funds LLC raised its position in Alliant Energy by 18.5% during the second quarter. Gabelli Funds LLC now owns 296,645 shares of the company’s stock valued at $15,099,000 after purchasing an additional 46,300 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of Alliant Energy by 7.4% in the 2nd quarter. ProShare Advisors LLC now owns 52,932 shares of the company’s stock valued at $2,694,000 after purchasing an additional 3,637 shares during the last quarter. Profund Advisors LLC raised its holdings in shares of Alliant Energy by 48.7% during the 2nd quarter. Profund Advisors LLC now owns 14,156 shares of the company’s stock worth $721,000 after buying an additional 4,633 shares in the last quarter. Westwood Holdings Group Inc. lifted its position in shares of Alliant Energy by 1.2% during the 2nd quarter. Westwood Holdings Group Inc. now owns 516,039 shares of the company’s stock worth $26,266,000 after buying an additional 6,167 shares during the last quarter. Finally, Sei Investments Co. lifted its position in shares of Alliant Energy by 143.8% during the 2nd quarter. Sei Investments Co. now owns 222,080 shares of the company’s stock worth $11,304,000 after buying an additional 130,972 shares during the last quarter. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Performance

NASDAQ:LNT opened at $59.72 on Friday. Alliant Energy Co. has a twelve month low of $45.15 and a twelve month high of $60.67. The stock has a market cap of $15.31 billion, a P/E ratio of 21.72, a PEG ratio of 2.89 and a beta of 0.58. The company has a quick ratio of 0.48, a current ratio of 0.65 and a debt-to-equity ratio of 1.31. The business’s 50-day moving average price is $57.27 and its two-hundred day moving average price is $52.65.

Alliant Energy (NASDAQ:LNT) last issued its earnings results on Thursday, August 1st. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.07). The firm had revenue of $894.00 million during the quarter, compared to analysts’ expectations of $897.03 million. Alliant Energy had a return on equity of 10.23% and a net margin of 15.77%. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.64 earnings per share. As a group, equities analysts predict that Alliant Energy Co. will post 3.07 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.22%. The ex-dividend date was Wednesday, July 31st. Alliant Energy’s dividend payout ratio (DPR) is 69.82%.

Analysts Set New Price Targets

Several brokerages have commented on LNT. Barclays boosted their target price on Alliant Energy from $52.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 11th. Jefferies Financial Group began coverage on shares of Alliant Energy in a report on Thursday. They set a “hold” rating and a $67.00 price target for the company. UBS Group boosted their target price on shares of Alliant Energy from $64.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday. Wells Fargo & Company boosted their price objective on shares of Alliant Energy from $56.00 to $62.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, LADENBURG THALM/SH SH upgraded Alliant Energy from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $50.00 to $62.50 in a research report on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Alliant Energy has a consensus rating of “Hold” and an average price target of $60.17.

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.