Delos Wealth Advisors LLC Boosts Stock Position in Alliant Energy Co. (NASDAQ:LNT)

Delos Wealth Advisors LLC boosted its holdings in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) by 11.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,004 shares of the company's stock after acquiring an additional 6,813 shares during the period. Alliant Energy comprises about 3.1% of Delos Wealth Advisors LLC's portfolio, making the stock its 12th largest position. Delos Wealth Advisors LLC's holdings in Alliant Energy were worth $3,844,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. California Public Employees Retirement System lifted its stake in shares of Alliant Energy by 0.6% during the 4th quarter. California Public Employees Retirement System now owns 1,174,628 shares of the company's stock worth $69,468,000 after purchasing an additional 7,530 shares during the last quarter. Allstate Corp purchased a new stake in shares of Alliant Energy during the fourth quarter valued at about $472,000. Orion Portfolio Solutions LLC boosted its holdings in shares of Alliant Energy by 13.0% in the 4th quarter. Orion Portfolio Solutions LLC now owns 68,740 shares of the company's stock valued at $4,065,000 after buying an additional 7,903 shares in the last quarter. Pictet Asset Management Holding SA grew its position in shares of Alliant Energy by 1.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 4,076,660 shares of the company's stock worth $241,094,000 after buying an additional 72,748 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of Alliant Energy by 3.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 77,871 shares of the company's stock worth $4,605,000 after acquiring an additional 2,707 shares in the last quarter. Hedge funds and other institutional investors own 79.90% of the company's stock.

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Alliant Energy Stock Performance

Shares of LNT stock traded up $0.42 during trading hours on Thursday, hitting $64.91. The company's stock had a trading volume of 713,714 shares, compared to its average volume of 1,562,817. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33. The company has a 50 day moving average of $61.98 and a 200 day moving average of $60.78. Alliant Energy Co. has a 12-month low of $47.23 and a 12-month high of $66.54. The stock has a market cap of $16.66 billion, a PE ratio of 24.13, a price-to-earnings-growth ratio of 2.83 and a beta of 0.54.

Alliant Energy (NASDAQ:LNT - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.02. The company had revenue of $976.00 million for the quarter, compared to the consensus estimate of $1.14 billion. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. On average, sell-side analysts forecast that Alliant Energy Co. will post 3.23 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be issued a $0.5075 dividend. This represents a $2.03 dividend on an annualized basis and a yield of 3.13%. Alliant Energy's payout ratio is 75.46%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on LNT shares. Scotiabank downgraded Alliant Energy from a "sector outperform" rating to a "sector perform" rating and upped their price target for the stock from $64.00 to $67.00 in a research report on Thursday, December 12th. BMO Capital Markets increased their price target on Alliant Energy from $60.00 to $66.00 and gave the company a "market perform" rating in a research note on Monday, February 24th. UBS Group upped their price objective on shares of Alliant Energy from $65.00 to $68.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Finally, Guggenheim reissued a "neutral" rating and set a $57.00 target price on shares of Alliant Energy in a research report on Monday, February 24th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Alliant Energy presently has a consensus rating of "Hold" and an average price target of $63.55.

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.