Alliant Energy Co. (NASDAQ:LNT) Shares Purchased by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC raised its position in shares of Alliant Energy Co. (NASDAQ:LNT) by 9.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,631 shares of the company’s stock after purchasing an additional 631 shares during the period. OneDigital Investment Advisors LLC’s holdings in Alliant Energy were worth $463,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of LNT. Janus Henderson Group PLC lifted its position in shares of Alliant Energy by 10.3% in the 1st quarter. Janus Henderson Group PLC now owns 10,579,475 shares of the company’s stock valued at $533,205,000 after acquiring an additional 984,963 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Alliant Energy in the second quarter worth $42,367,000. Eagle Ridge Investment Management acquired a new stake in Alliant Energy during the second quarter valued at approximately $26,804,000. Millennium Management LLC increased its position in shares of Alliant Energy by 2,141.3% during the 2nd quarter. Millennium Management LLC now owns 180,402 shares of the company’s stock worth $9,182,000 after purchasing an additional 172,353 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of Alliant Energy by 200.8% in the 1st quarter. Cetera Investment Advisers now owns 215,821 shares of the company’s stock worth $10,877,000 after acquiring an additional 144,077 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on LNT shares. Bank of America boosted their price objective on Alliant Energy from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Scotiabank boosted their target price on Alliant Energy from $58.00 to $64.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. BMO Capital Markets dropped their price objective on Alliant Energy from $65.00 to $61.00 and set a “market perform” rating on the stock in a research note on Monday, November 4th. LADENBURG THALM/SH SH raised shares of Alliant Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $50.00 to $62.50 in a research report on Tuesday, August 13th. Finally, Wells Fargo & Company lowered their target price on shares of Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $63.06.

Alliant Energy Stock Performance

NASDAQ LNT opened at $62.23 on Thursday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86. The company has a market capitalization of $15.97 billion, a PE ratio of 24.12, a price-to-earnings-growth ratio of 3.06 and a beta of 0.58. Alliant Energy Co. has a 52-week low of $46.80 and a 52-week high of $62.59. The company has a 50-day simple moving average of $60.13 and a 200 day simple moving average of $55.93.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.05. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.08 billion. Alliant Energy had a return on equity of 10.56% and a net margin of 16.66%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the firm posted $1.05 EPS. On average, research analysts predict that Alliant Energy Co. will post 3.04 EPS for the current year.

Alliant Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.92 dividend on an annualized basis and a yield of 3.09%. Alliant Energy’s payout ratio is 74.42%.

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.