Great Waters Wealth Management Purchases New Stake in Alliant Energy Co. (NASDAQ:LNT)

Great Waters Wealth Management purchased a new stake in Alliant Energy Co. (NASDAQ:LNT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,447 shares of the company’s stock, valued at approximately $209,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Scarborough Advisors LLC acquired a new stake in shares of Alliant Energy in the fourth quarter valued at approximately $28,000. Kimelman & Baird LLC acquired a new stake in Alliant Energy during the second quarter worth $41,000. Ashton Thomas Private Wealth LLC acquired a new stake in Alliant Energy during the second quarter worth $43,000. MRP Capital Investments LLC acquired a new stake in Alliant Energy during the second quarter worth $56,000. Finally, Creekmur Asset Management LLC acquired a new stake in Alliant Energy during the fourth quarter worth $65,000. Institutional investors and hedge funds own 79.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. BMO Capital Markets raised their target price on Alliant Energy from $58.00 to $60.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 6th. Jefferies Financial Group began coverage on Alliant Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $67.00 price target for the company. UBS Group raised their price target on Alliant Energy from $64.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Scotiabank raised their price target on Alliant Energy from $58.00 to $64.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Finally, Bank of America raised their price target on Alliant Energy from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $60.25.

Alliant Energy Stock Down 0.6 %

NASDAQ LNT traded down $0.38 during trading on Friday, reaching $60.19. 935,730 shares of the company’s stock were exchanged, compared to its average volume of 1,606,611. The stock has a market cap of $15.44 billion, a P/E ratio of 21.89, a price-to-earnings-growth ratio of 2.90 and a beta of 0.58. 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 company has a 50 day moving average price of $58.25 and a two-hundred day moving average price of $53.34. Alliant Energy Co. has a 1 year low of $46.73 and a 1 year high of $61.09.

Alliant Energy (NASDAQ:LNT) last posted its earnings results on Thursday, August 1st. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.07). Alliant Energy had a return on equity of 10.23% and a net margin of 15.77%. The firm had revenue of $894.00 million for the quarter, compared to analyst estimates of $897.03 million. During the same quarter last year, the firm posted $0.64 EPS. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, equities research analysts anticipate 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 was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.19%. The ex-dividend date was Wednesday, July 31st. Alliant Energy’s dividend payout ratio (DPR) is presently 69.82%.

Alliant Energy Company 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.