Alliant Energy Co. (NASDAQ:LNT) Stock Position Lowered by International Private Wealth Advisors LLC

International Private Wealth Advisors LLC lessened its position in Alliant Energy Co. (NASDAQ:LNT) by 6.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,316 shares of the company’s stock after selling 351 shares during the quarter. International Private Wealth Advisors LLC’s holdings in Alliant Energy were worth $323,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Janus Henderson Group PLC increased its stake in 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 buying an additional 984,963 shares during the period. Point72 Asset Management L.P. acquired a new position in Alliant Energy in the 2nd quarter valued at approximately $42,367,000. Eagle Ridge Investment Management acquired a new position in Alliant Energy in the 2nd quarter valued at approximately $26,804,000. Millennium Management LLC increased its stake in Alliant Energy by 2,141.3% in the 2nd quarter. Millennium Management LLC now owns 180,402 shares of the company’s stock valued at $9,182,000 after buying an additional 172,353 shares during the period. Finally, Cetera Investment Advisers increased its stake in Alliant Energy by 200.8% in the 1st quarter. Cetera Investment Advisers now owns 215,821 shares of the company’s stock valued at $10,877,000 after buying an additional 144,077 shares during the period. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Performance

Shares of NASDAQ LNT traded down $0.52 during trading hours on Thursday, hitting $59.62. 100,352 shares of the stock were exchanged, compared to its average volume of 1,618,280. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72. The company’s 50 day moving average is $59.90 and its 200 day moving average is $55.54. The firm has a market capitalization of $15.30 billion, a P/E ratio of 23.31, a P/E/G ratio of 2.89 and a beta of 0.58. Alliant Energy Co. has a one year low of $46.80 and a one year high of $62.49.

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

Alliant Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Thursday, October 31st. Alliant Energy’s dividend payout ratio (DPR) is presently 74.42%.

Analysts Set New Price Targets

Several research analysts have weighed in on LNT shares. UBS Group upped their price objective on shares of Alliant Energy from $64.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Jefferies Financial Group began coverage on shares of Alliant Energy in a research note on Thursday, September 19th. They set a “hold” rating and a $67.00 price target on the stock. Bank of America increased their price target on shares of Alliant Energy from $62.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Mizuho increased their price target on shares of Alliant Energy from $52.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, October 4th. Finally, LADENBURG THALM/SH SH upgraded shares of Alliant Energy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $50.00 to $62.50 in a research note on Tuesday, August 13th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Alliant Energy presently has an average rating of “Hold” and an average target price of $63.06.

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.