Cerity Partners LLC boosted its position in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) by 23.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 78,245 shares of the company's stock after acquiring an additional 14,827 shares during the period. Cerity Partners LLC's holdings in Alliant Energy were worth $4,749,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the company. Northwest Investment Counselors LLC acquired a new stake in shares of Alliant Energy during the 3rd quarter worth about $28,000. Eastern Bank acquired a new stake in Alliant Energy during the third quarter worth approximately $30,000. JNBA Financial Advisors purchased a new stake in shares of Alliant Energy during the 3rd quarter worth approximately $31,000. Kimelman & Baird LLC acquired a new position in shares of Alliant Energy in the 2nd quarter valued at $41,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of Alliant Energy in the 2nd quarter valued at $43,000. 79.90% of the stock is owned by hedge funds and other institutional investors.
Alliant Energy Price Performance
LNT stock traded down $0.39 during midday trading on Friday, hitting $63.20. 838,038 shares of the stock were exchanged, compared to its average volume of 1,626,822. The stock's 50-day moving average price is $60.62 and its 200-day moving average price is $56.49. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86. The stock has a market cap of $16.22 billion, a price-to-earnings ratio of 24.50, a PEG ratio of 3.14 and a beta of 0.58. Alliant Energy Co. has a fifty-two week low of $46.80 and a fifty-two week high of $64.19.
Alliant Energy (NASDAQ:LNT - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.05. Alliant Energy had a return on equity of 10.56% and a net margin of 16.66%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the company posted $1.05 EPS. The business's revenue was up .4% on a year-over-year basis. Research analysts predict that Alliant Energy Co. will post 3.04 earnings per share for the current year.
Alliant Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.04%. Alliant Energy's dividend payout ratio (DPR) is 74.42%.
Analyst Ratings Changes
Several equities analysts have issued reports on the stock. Bank of America upped their price objective on shares of Alliant Energy from $62.00 to $63.00 and gave the company a "buy" rating in a research note on Thursday, August 29th. LADENBURG THALM/SH SH raised Alliant Energy from a "neutral" rating to a "buy" rating and upped their target price for the company from $50.00 to $62.50 in a research report on Tuesday, August 13th. BMO Capital Markets cut their price target on Alliant Energy from $65.00 to $61.00 and set a "market perform" rating on the stock in a research report on Monday, November 4th. Barclays decreased their price objective on Alliant Energy from $61.00 to $59.00 and set an "equal weight" rating for the company in a report on Wednesday, November 6th. Finally, Wells Fargo & Company cut their target price on shares of Alliant Energy from $66.00 to $65.00 and set an "overweight" rating on the stock in a report on Monday, November 4th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $63.06.
Check Out Our Latest Stock Analysis on Alliant Energy
Alliant Energy Profile
(
Free Report)
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.
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