Delos Wealth Advisors LLC Acquires 14,809 Shares of Alliant Energy Co. (NASDAQ:LNT)

Delos Wealth Advisors LLC lifted its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 55.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 41,587 shares of the company’s stock after purchasing an additional 14,809 shares during the period. Alliant Energy comprises 2.4% of Delos Wealth Advisors LLC’s portfolio, making the stock its 16th largest holding. Delos Wealth Advisors LLC’s holdings in Alliant Energy were worth $2,096,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in LNT. Deutsche Bank AG boosted its holdings in Alliant Energy by 24.3% in the third quarter. Deutsche Bank AG now owns 428,516 shares of the company’s stock valued at $20,762,000 after acquiring an additional 83,753 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Alliant Energy by 26.2% during the third quarter. Wellington Management Group LLP now owns 615,019 shares of the company’s stock worth $29,798,000 after buying an additional 127,798 shares during the last quarter. BKM Wealth Management LLC bought a new position in Alliant Energy during the fourth quarter worth about $149,000. Raymond James Trust N.A. boosted its holdings in Alliant Energy by 4.2% during the fourth quarter. Raymond James Trust N.A. now owns 8,906 shares of the company’s stock worth $457,000 after buying an additional 359 shares during the last quarter. Finally, IFM Investors Pty Ltd boosted its holdings in Alliant Energy by 0.3% during the fourth quarter. IFM Investors Pty Ltd now owns 79,165 shares of the company’s stock worth $4,061,000 after buying an additional 233 shares during the last quarter. Institutional investors own 79.90% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on LNT. Wells Fargo & Company raised their target price on Alliant Energy from $55.00 to $56.00 and gave the stock an “overweight” rating in a report on Monday, May 6th. BMO Capital Markets raised their target price on Alliant Energy from $51.00 to $53.00 and gave the stock a “market perform” rating in a report on Monday, April 15th. Scotiabank reduced their target price on Alliant Energy from $57.00 to $53.00 and set a “sector outperform” rating on the stock in a report on Monday, April 22nd. Bank of America reduced their target price on Alliant Energy from $55.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. Finally, Barclays raised 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $51.63.

Alliant Energy Stock Down 0.3 %

Shares of NASDAQ:LNT traded down $0.17 during trading on Friday, hitting $54.84. 1,790,649 shares of the company were exchanged, compared to its average volume of 1,744,924. The stock has a market cap of $14.06 billion, a price-to-earnings ratio of 19.94, a P/E/G ratio of 2.96 and a beta of 0.56. Alliant Energy Co. has a fifty-two week low of $45.15 and a fifty-two week high of $56.30. The firm has a fifty day moving average price of $51.30 and a two-hundred day moving average price of $49.98. The company has a current ratio of 0.56, a quick ratio of 0.40 and a debt-to-equity ratio of 1.25.

Alliant Energy (NASDAQ:LNT) last issued its earnings results on Friday, May 3rd. The company reported $0.62 EPS for the quarter, hitting the consensus estimate of $0.62. Alliant Energy had a return on equity of 10.57% and a net margin of 17.53%. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the company posted $0.65 EPS. The firm’s revenue for the quarter was down 4.3% compared to the same quarter last year. As a group, research analysts anticipate that Alliant Energy Co. will post 3.08 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be paid a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $1.92 annualized dividend and a yield of 3.50%. Alliant Energy’s dividend payout ratio (DPR) is presently 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.