Annex Advisory Services LLC Reduces Stock Position in Alliant Energy Co. (NASDAQ:LNT)

Annex Advisory Services LLC decreased its stake in shares of Alliant Energy Co. (NASDAQ:LNT) by 2.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,568 shares of the company’s stock after selling 318 shares during the quarter. Annex Advisory Services LLC’s holdings in Alliant Energy were worth $538,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. City State Bank grew its holdings in shares of Alliant Energy by 0.3% in the second quarter. City State Bank now owns 71,147 shares of the company’s stock valued at $3,621,000 after purchasing an additional 195 shares during the period. Gables Capital Management Inc. boosted 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 worth $27,000 after purchasing an additional 212 shares in the last quarter. Goldstein Advisors LLC raised its stake in shares of Alliant Energy by 1.1% during the 4th quarter. Goldstein Advisors LLC now owns 22,093 shares of the company’s stock worth $1,133,000 after buying an additional 240 shares during the last quarter. Nicolet Advisory Services LLC raised its stake in Alliant Energy by 2.2% in 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. Finally, Stratos Wealth Partners LTD. increased its stake in shares of Alliant Energy by 6.5% during the 4th quarter. Stratos Wealth Partners LTD. now owns 4,643 shares of the company’s stock valued at $238,000 after acquiring an additional 285 shares during the last quarter. Institutional investors own 79.90% of the company’s stock.

Analyst Upgrades and Downgrades

LNT has been the topic of a number of recent analyst reports. LADENBURG THALM/SH SH cut their target price on Alliant Energy from $48.50 to $48.00 and set a “neutral” rating on the stock in a research report on Monday, April 29th. BMO Capital Markets lifted their price target on Alliant Energy from $58.00 to $60.00 and gave the stock a “market perform” rating in a research note on Tuesday. Barclays lifted their price target on Alliant Energy from $52.00 to $55.00 and gave the company an “equal weight” rating in a report on Thursday, July 11th. Scotiabank lifted their price target on Alliant Energy from $53.00 to $58.00 and gave the stock a “sector outperform” rating in a research report on Tuesday. Finally, Wells Fargo & Company boosted their price target on Alliant Energy from $56.00 to $62.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $53.88.

Alliant Energy Price Performance

LNT traded up $0.17 during trading on Friday, reaching $56.07. The stock had a trading volume of 1,243,045 shares, compared to its average volume of 1,725,434. The business has a 50-day moving average of $52.76 and a 200-day moving average of $50.52. Alliant Energy Co. has a one year low of $45.15 and a one year high of $58.69. The stock has a market cap of $14.38 billion, a PE ratio of 20.39, a PEG ratio of 2.66 and a beta of 0.56. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.40 and a current ratio of 0.65.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.07). The company had revenue of $894.00 million during the quarter, compared to the consensus estimate of $897.03 million. Alliant Energy had a return on equity of 10.23% and a net margin of 15.77%. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 earnings per share. As a group, equities research analysts anticipate that Alliant Energy Co. will post 3.07 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The company also recently disclosed 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. This represents a $1.92 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date is Wednesday, July 31st. Alliant Energy’s dividend payout ratio (DPR) is currently 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.