Atria Investments Inc Makes New Investment in Alliant Energy Co. (NASDAQ:LNT)

Atria Investments Inc bought a new stake in shares of Alliant Energy Co. (NASDAQ:LNT) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 54,784 shares of the company’s stock, valued at approximately $2,761,000.

Other large investors have also recently made changes to their positions in the company. Gables Capital Management Inc. grew its position in shares of Alliant Energy by 68.4% during the 4th quarter. Gables Capital Management Inc. now owns 522 shares of the company’s stock valued at $27,000 after acquiring an additional 212 shares during the period. Goldstein Advisors LLC grew its holdings 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 last quarter. Nicolet Advisory Services LLC grew its holdings in Alliant Energy by 2.2% during the 1st quarter. Nicolet Advisory Services LLC now owns 12,199 shares of the company’s stock valued at $610,000 after purchasing an additional 268 shares during the last quarter. Stratos Wealth Partners LTD. grew its stake in Alliant Energy by 6.5% in the 4th quarter. Stratos Wealth Partners LTD. now owns 4,643 shares of the company’s stock worth $238,000 after acquiring an additional 285 shares in the last quarter. Finally, Empirical Finance LLC grew its stake in Alliant Energy by 3.7% in the 1st quarter. Empirical Finance LLC now owns 8,614 shares of the company’s stock worth $434,000 after acquiring an additional 306 shares in the last quarter. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Scotiabank lowered their price target on shares of Alliant Energy from $57.00 to $53.00 and set a “sector outperform” rating for the company in a research report on Monday, April 22nd. Barclays raised their price target on shares of Alliant Energy from $52.00 to $55.00 and gave the stock an “equal weight” rating in a report on Thursday, July 11th. BMO Capital Markets raised their price target on shares of Alliant Energy from $51.00 to $53.00 and gave the stock a “market perform” rating in a report on Monday, April 15th. Bank of America cut their price objective on shares of Alliant Energy from $55.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. Finally, LADENBURG THALM/SH SH dropped their price target on shares of Alliant Energy from $48.50 to $48.00 and set a “neutral” rating on the stock in a research report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $51.63.

Alliant Energy Stock Performance

LNT stock traded up $0.50 on Friday, hitting $57.11. The company’s stock had a trading volume of 2,275,182 shares, compared to its average volume of 1,567,594. The company has a current ratio of 0.56, a quick ratio of 0.40 and a debt-to-equity ratio of 1.25. The stock has a market cap of $14.64 billion, a price-to-earnings ratio of 20.77, a price-to-earnings-growth ratio of 2.69 and a beta of 0.56. The firm has a 50 day moving average of $52.20 and a two-hundred day moving average of $50.29. Alliant Energy Co. has a 1 year low of $45.15 and a 1 year high of $58.69.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.07). Alliant Energy had a net margin of 15.77% and a return on equity of 10.24%. The company had revenue of $894.00 million during the quarter, compared to analysts’ expectations of $897.03 million. During the same quarter in the prior year, the business earned $0.64 EPS. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. Equities analysts predict that Alliant Energy Co. will post 3.08 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be given a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $1.92 annualized dividend and a dividend yield of 3.36%. Alliant Energy’s dividend payout ratio is presently 69.82%.

Alliant Energy Profile

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.