Alliant Energy Co. (NASDAQ:LNT) Position Increased by Arizona State Retirement System

Arizona State Retirement System grew its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 0.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 70,426 shares of the company’s stock after purchasing an additional 239 shares during the period. Arizona State Retirement System’s holdings in Alliant Energy were worth $3,585,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. City State Bank increased its position in Alliant Energy by 0.3% in the second quarter. City State Bank now owns 71,147 shares of the company’s stock worth $3,621,000 after buying an additional 195 shares during the period. Oregon Public Employees Retirement Fund grew its position in shares of Alliant Energy by 0.9% during the second quarter. Oregon Public Employees Retirement Fund now owns 21,979 shares of the company’s stock worth $1,119,000 after acquiring an additional 200 shares during the last quarter. Gables Capital Management Inc. increased its holdings in shares of Alliant Energy by 68.4% in the 4th 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 lifted its position 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 last quarter. Finally, Goldstein Advisors LLC boosted its stake in Alliant Energy by 1.1% during the 4th quarter. Goldstein Advisors LLC now owns 22,093 shares of the company’s stock valued at $1,133,000 after purchasing an additional 240 shares during the period. 79.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on LNT. BMO Capital Markets raised 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 note on Tuesday, August 6th. Scotiabank raised 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. Barclays boosted their price target on Alliant Energy from $52.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 11th. Bank of America raised their price target on Alliant Energy from $62.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Finally, LADENBURG THALM/SH SH upgraded shares of Alliant Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $50.00 to $62.50 in a research note on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Alliant Energy currently has an average rating of “Hold” and an average price target of $58.50.

Alliant Energy Stock Up 1.1 %

Shares of LNT stock opened at $59.25 on Tuesday. Alliant Energy Co. has a 1 year low of $45.15 and a 1 year high of $59.80. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.48 and a current ratio of 0.65. The business’s fifty day moving average is $55.85 and its 200-day moving average is $51.94. The stock has a market cap of $15.20 billion, a PE ratio of 21.55, a price-to-earnings-growth ratio of 2.79 and a beta of 0.58.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.57 EPS 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 business 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 firm posted $0.64 earnings per share. Alliant Energy’s revenue was down 2.0% compared to the same quarter last year. Equities analysts expect that Alliant Energy Co. will post 3.07 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were given a $0.48 dividend. The ex-dividend date was Wednesday, July 31st. This represents a $1.92 annualized dividend and a yield of 3.24%. Alliant Energy’s dividend payout ratio (DPR) is 69.82%.

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.