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Stifel Financial Corp Boosts Stock Position in Alliant Energy Co. (NASDAQ:LNT)

Alliant Energy logo with Utilities background

Stifel Financial Corp grew its stake in Alliant Energy Co. (NASDAQ:LNT - Free Report) by 20.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 118,582 shares of the company's stock after acquiring an additional 19,807 shares during the quarter. Stifel Financial Corp's holdings in Alliant Energy were worth $7,197,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Janus Henderson Group PLC grew its holdings in shares of Alliant Energy by 0.6% during the third quarter. Janus Henderson Group PLC now owns 10,691,172 shares of the company's stock valued at $648,847,000 after buying an additional 65,110 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Alliant Energy by 8.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,512,770 shares of the company's stock valued at $395,260,000 after purchasing an additional 512,429 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Alliant Energy by 0.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,216,475 shares of the company's stock valued at $134,518,000 after purchasing an additional 14,225 shares during the period. Johnson Investment Counsel Inc. grew its position in Alliant Energy by 1.7% during the second quarter. Johnson Investment Counsel Inc. now owns 1,756,533 shares of the company's stock valued at $89,408,000 after buying an additional 29,358 shares during the period. Finally, Point72 Asset Management L.P. increased its holdings in Alliant Energy by 92.7% in the third quarter. Point72 Asset Management L.P. now owns 1,604,272 shares of the company's stock valued at $97,363,000 after buying an additional 771,919 shares in the last quarter. 79.90% of the stock is owned by institutional investors.

Alliant Energy Price Performance

Shares of Alliant Energy stock traded down $0.02 on Friday, hitting $60.45. 855,918 shares of the company were exchanged, compared to its average volume of 1,411,042. Alliant Energy Co. has a 1-year low of $46.80 and a 1-year high of $64.19. The stock has a market capitalization of $15.51 billion, a price-to-earnings ratio of 23.43, a price-to-earnings-growth ratio of 2.98 and a beta of 0.59. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. The company has a 50-day moving average price of $60.77 and a 200 day moving average price of $57.18.

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

Alliant Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date was Thursday, October 31st. Alliant Energy's dividend payout ratio is currently 74.42%.

Analyst Ratings Changes

Several brokerages have commented on LNT. Bank of America raised their price objective on Alliant Energy from $62.00 to $63.00 and gave the company a "buy" rating in a report on Thursday, August 29th. Wells Fargo & Company reduced their price objective on shares of Alliant Energy from $66.00 to $65.00 and set an "overweight" rating for the company in a research report on Monday, November 4th. Scotiabank downgraded shares of Alliant Energy from a "sector outperform" rating to a "sector perform" rating and increased their price objective for the company from $64.00 to $67.00 in a report on Thursday. 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 research note on Friday, September 20th. Finally, Mizuho raised their price target on shares of Alliant Energy from $52.00 to $61.00 and gave the company a "neutral" rating in a research note on Friday, October 4th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Alliant Energy has a consensus rating of "Hold" and a consensus target price of $63.39.

Get Our Latest Stock Report 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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Institutional Ownership by Quarter for Alliant Energy (NASDAQ:LNT)

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