Alliant Energy Co. (NASDAQ:LNT) Stock Holdings Increased by Advisor OS LLC

Advisor OS LLC increased its position in shares of Alliant Energy Co. (NASDAQ:LNT) by 48.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,952 shares of the company’s stock after acquiring an additional 4,255 shares during the quarter. Advisor OS LLC’s holdings in Alliant Energy were worth $659,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. City State Bank lifted its holdings in shares of Alliant Energy by 0.3% in the second quarter. City State Bank now owns 71,147 shares of the company’s stock valued at $3,621,000 after purchasing an additional 195 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Alliant Energy by 0.9% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 21,979 shares of the company’s stock worth $1,119,000 after buying an additional 200 shares during the last quarter. Gables Capital Management Inc. boosted its holdings in shares of Alliant Energy by 68.4% during the fourth quarter. Gables Capital Management Inc. now owns 522 shares of the company’s stock worth $27,000 after acquiring an additional 212 shares during the period. Retirement Systems of Alabama boosted its stake in Alliant Energy by 0.4% in the 2nd quarter. Retirement Systems of Alabama now owns 56,557 shares of the company’s stock valued at $2,879,000 after purchasing an additional 236 shares during the period. Finally, Arizona State Retirement System grew its stake in shares of Alliant Energy by 0.3% in the second quarter. Arizona State Retirement System now owns 70,426 shares of the company’s stock valued at $3,585,000 after acquiring an additional 239 shares in the last quarter. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Scotiabank upped their target price on Alliant Energy from $58.00 to $64.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. LADENBURG THALM/SH SH raised shares of Alliant Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $50.00 to $62.50 in a report on Tuesday, August 13th. Wells Fargo & Company increased their target price on Alliant Energy from $56.00 to $62.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Barclays boosted their price objective on shares of Alliant Energy from $52.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 11th. Finally, BMO Capital Markets upped their price target on shares of Alliant Energy from $58.00 to $60.00 and gave the company a “market perform” rating in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Alliant Energy presently has an average rating of “Hold” and an average target price of $58.50.

Alliant Energy Stock Performance

LNT stock opened at $58.58 on Friday. The business has a 50 day moving average of $55.68 and a 200-day moving average of $51.84. The company has a quick ratio of 0.48, a current ratio of 0.65 and a debt-to-equity ratio of 1.31. Alliant Energy Co. has a 12-month low of $45.15 and a 12-month high of $59.80. The firm has a market cap of $15.03 billion, a PE ratio of 21.30, a P/E/G ratio of 2.82 and a beta of 0.58.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.07). Alliant Energy had a return on equity of 10.23% and a net margin of 15.77%. The company had revenue of $894.00 million during the quarter, compared to the consensus estimate of $897.03 million. During the same quarter last year, the company posted $0.64 earnings per share. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. As a group, sell-side analysts expect that Alliant Energy Co. will post 3.07 earnings per share for the current year.

Alliant Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were paid a $0.48 dividend. The ex-dividend date was Wednesday, July 31st. This represents a $1.92 annualized dividend and a dividend yield of 3.28%. Alliant Energy’s payout ratio is currently 69.82%.

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.