Alliant Energy Co. (NASDAQ:LNT) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) by 0.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,216,475 shares of the company's stock after acquiring an additional 14,225 shares during the period. Charles Schwab Investment Management Inc. owned 0.86% of Alliant Energy worth $134,518,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Northwest Investment Counselors LLC purchased a new position in Alliant Energy in the 3rd quarter valued at $28,000. Eastern Bank purchased a new stake in shares of Alliant Energy in the third quarter valued at about $30,000. JNBA Financial Advisors purchased a new position in Alliant Energy during the third quarter worth about $31,000. Kimelman & Baird LLC acquired a new stake in Alliant Energy in the second quarter valued at about $41,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in Alliant Energy in the 2nd quarter valued at approximately $43,000. 79.90% of the stock is owned by institutional investors and hedge funds.

Alliant Energy Trading Up 0.5 %

Shares of LNT stock traded up $0.31 during mid-day trading on Monday, hitting $63.63. 2,322,868 shares of the company's stock were exchanged, compared to its average volume of 1,625,149. The stock has a market cap of $16.33 billion, a price-to-earnings ratio of 24.54, a PEG ratio of 3.13 and a beta of 0.58. The stock has a 50-day simple moving average of $60.29 and a two-hundred day simple moving average of $56.14. Alliant Energy Co. has a fifty-two week low of $46.80 and a fifty-two week high of $64.19. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $1.15 EPS for the quarter, beating analysts' consensus estimates of $1.10 by $0.05. Alliant Energy had a net margin of 16.66% and a return on equity of 10.56%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the company posted $1.05 EPS. The company's quarterly revenue was up .4% compared to the same quarter last year. Equities analysts expect that Alliant Energy Co. will post 3.04 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a dividend of $0.48 per share. The ex-dividend date was Thursday, October 31st. This represents a $1.92 annualized dividend and a yield of 3.02%. Alliant Energy's dividend payout ratio is currently 74.42%.

Analysts Set New Price Targets

LNT has been the topic of a number of analyst reports. Wells Fargo & Company decreased their price target on Alliant Energy from $66.00 to $65.00 and set an "overweight" rating on the stock in a research note on Monday, November 4th. UBS Group boosted their price objective on shares of Alliant Energy from $64.00 to $65.00 and gave the stock a "neutral" rating in a report on Friday, September 20th. LADENBURG THALM/SH SH raised shares of Alliant Energy from a "neutral" rating to a "buy" rating and increased their target price for the company from $50.00 to $62.50 in a report on Tuesday, August 13th. Mizuho raised their price objective on Alliant Energy from $52.00 to $61.00 and gave the company a "neutral" rating in a research note on Friday, October 4th. Finally, Barclays lowered their target price on Alliant Energy from $61.00 to $59.00 and set an "equal weight" rating on the stock in a report on Wednesday, November 6th. 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.com, the company presently has a consensus rating of "Hold" and an average target price of $63.06.

About Alliant Energy

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.