35,261 Shares in Alliant Energy Co. (NASDAQ:LNT) Bought by International Assets Investment Management LLC

International Assets Investment Management LLC acquired a new position in Alliant Energy Co. (NASDAQ:LNT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 35,261 shares of the company’s stock, valued at approximately $21,400,000.

Several other large investors also recently modified their holdings of LNT. Janus Henderson Group PLC boosted its stake in shares of Alliant Energy by 10.3% in the first quarter. Janus Henderson Group PLC now owns 10,579,475 shares of the company’s stock worth $533,205,000 after acquiring an additional 984,963 shares during the period. Point72 Asset Management L.P. bought a new position in shares of Alliant Energy in the second quarter worth about $42,367,000. BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Alliant Energy by 14,057.8% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 577,072 shares of the company’s stock worth $29,084,000 after acquiring an additional 572,996 shares during the period. Eagle Ridge Investment Management bought a new position in shares of Alliant Energy in the second quarter worth about $26,804,000. Finally, Millennium Management LLC boosted its stake in shares of Alliant Energy by 2,141.3% in the second quarter. Millennium Management LLC now owns 180,402 shares of the company’s stock worth $9,182,000 after acquiring an additional 172,353 shares during the period. Institutional investors own 79.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Scotiabank boosted their target price 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. Bank of America boosted their target price on Alliant Energy from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. BMO Capital Markets boosted their target price on Alliant Energy from $58.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 6th. LADENBURG THALM/SH SH upgraded Alliant Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $50.00 to $62.50 in a research report on Tuesday, August 13th. Finally, Wells Fargo & Company boosted their target price on Alliant Energy from $62.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Alliant Energy presently has a consensus rating of “Hold” and an average target price of $63.28.

Alliant Energy Trading Down 2.4 %

LNT opened at $59.70 on Wednesday. The stock has a market cap of $15.31 billion, a price-to-earnings ratio of 24.37, a P/E/G ratio of 2.91 and a beta of 0.58. The stock’s 50 day moving average price is $59.82 and its 200-day moving average price is $54.87. Alliant Energy Co. has a one year low of $46.80 and a one year high of $62.49. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.48 and a current ratio of 0.65.

Alliant Energy (NASDAQ:LNT) last released 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). The business had revenue of $894.00 million for the quarter, compared to the consensus estimate of $897.03 million. Alliant Energy had a net margin of 15.77% and a return on equity of 10.23%. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.64 EPS. On average, equities analysts forecast that Alliant Energy Co. will post 3.06 EPS for the current year.

Alliant Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a $0.48 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.92 annualized dividend and a yield of 3.22%. Alliant Energy’s dividend payout ratio (DPR) is currently 78.37%.

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.