Alliant Energy Co. (NASDAQ:LNT) Stake Increased by United Capital Financial Advisers LLC

United Capital Financial Advisers LLC grew its holdings in Alliant Energy Co. (NASDAQ:LNTGet Rating) by 0.3% in the second quarter, Holdings Channel.com reports. The firm owned 83,833 shares of the company’s stock after purchasing an additional 224 shares during the period. United Capital Financial Advisers LLC’s holdings in Alliant Energy were worth $4,913,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. State Street Corp raised its holdings in shares of Alliant Energy by 8.1% during the first quarter. State Street Corp now owns 13,692,321 shares of the company’s stock worth $855,496,000 after acquiring an additional 1,021,148 shares in the last quarter. JPMorgan Chase & Co. increased its position in Alliant Energy by 38.3% during the first quarter. JPMorgan Chase & Co. now owns 3,201,808 shares of the company’s stock worth $200,049,000 after buying an additional 886,455 shares during the last quarter. National Pension Service increased its position in Alliant Energy by 11,488.8% during the first quarter. National Pension Service now owns 371,883 shares of the company’s stock worth $23,235,000 after buying an additional 368,674 shares during the last quarter. Vanguard Group Inc. increased its position in Alliant Energy by 1.1% during the first quarter. Vanguard Group Inc. now owns 31,030,199 shares of the company’s stock worth $1,938,766,000 after buying an additional 342,340 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in Alliant Energy by 12.3% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,017,100 shares of the company’s stock worth $188,509,000 after buying an additional 330,037 shares during the last quarter. Hedge funds and other institutional investors own 74.84% of the company’s stock.

Alliant Energy Trading Up 1.0 %

LNT opened at $55.97 on Thursday. The stock has a market capitalization of $14.05 billion, a P/E ratio of 21.12, a P/E/G ratio of 3.34 and a beta of 0.51. Alliant Energy Co. has a 12 month low of $47.19 and a 12 month high of $65.37. The firm’s fifty day simple moving average is $51.45 and its 200 day simple moving average is $56.97. The company has a current ratio of 0.70, a quick ratio of 0.58 and a debt-to-equity ratio of 1.21.

Alliant Energy (NASDAQ:LNTGet Rating) last posted its quarterly earnings data on Monday, November 7th. The company reported $0.93 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.11). The company had revenue of $1.14 billion during the quarter. Alliant Energy had a net margin of 16.52% and a return on equity of 11.12%. As a group, research analysts anticipate that Alliant Energy Co. will post 2.81 EPS for the current fiscal year.

Alliant Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Monday, October 31st were given a dividend of $0.4275 per share. The ex-dividend date was Friday, October 28th. This represents a $1.71 annualized dividend and a yield of 3.06%. Alliant Energy’s dividend payout ratio (DPR) is presently 64.53%.

Analysts Set New Price Targets

Several equities analysts have commented on LNT shares. UBS Group increased their target price on shares of Alliant Energy to $58.00 in a research report on Monday. StockNews.com started coverage on Alliant Energy in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Bank of America raised Alliant Energy from a “neutral” rating to a “buy” rating and raised their price target for the company from $62.00 to $70.00 in a research report on Friday, August 12th. Argus raised their price target on Alliant Energy from $70.00 to $75.00 in a research report on Thursday, August 18th. Finally, BMO Capital Markets raised their price target on Alliant Energy from $53.00 to $55.00 and gave the company a “market perform” rating in a research report on Wednesday, November 9th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $60.33.

Alliant Energy Company Profile

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Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services. It operates through 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.

See Also

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Institutional Ownership by Quarter for Alliant Energy (NASDAQ:LNT)

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