Tiedemann Advisors LLC Raises Stock Position in Alliant Energy Co. (NYSE:LNT)

Tiedemann Advisors LLC increased its holdings in shares of Alliant Energy Co. (NYSE:LNT) by 0.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,877 shares of the utilities provider’s stock after purchasing an additional 315 shares during the period. Tiedemann Advisors LLC’s holdings in Alliant Energy were worth $4,558,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of LNT. Geode Capital Management LLC increased its holdings in Alliant Energy by 14.5% in the fourth quarter. Geode Capital Management LLC now owns 3,424,034 shares of the utilities provider’s stock valued at $144,443,000 after buying an additional 434,170 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Alliant Energy by 6.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 696,392 shares of the utilities provider’s stock valued at $29,421,000 after buying an additional 39,358 shares in the last quarter. Comerica Bank increased its holdings in Alliant Energy by 1.9% in the first quarter. Comerica Bank now owns 100,922 shares of the utilities provider’s stock valued at $4,672,000 after buying an additional 1,862 shares in the last quarter. First Allied Advisory Services Inc. increased its holdings in Alliant Energy by 37.1% in the first quarter. First Allied Advisory Services Inc. now owns 11,408 shares of the utilities provider’s stock valued at $535,000 after buying an additional 3,086 shares in the last quarter. Finally, State Treasurer State of Michigan increased its holdings in Alliant Energy by 0.7% in the first quarter. State Treasurer State of Michigan now owns 68,056 shares of the utilities provider’s stock valued at $3,207,000 after buying an additional 500 shares in the last quarter. 71.12% of the stock is owned by hedge funds and other institutional investors.

LNT traded down $0.11 on Friday, reaching $51.59. The stock had a trading volume of 52,554 shares, compared to its average volume of 1,326,052. Alliant Energy Co. has a 12-month low of $40.68 and a 12-month high of $53.87. The company has a current ratio of 0.73, a quick ratio of 0.59 and a debt-to-equity ratio of 1.15. The business’s 50-day moving average price is $51.34 and its two-hundred day moving average price is $48.69. The company has a market cap of $12.22 billion, a P/E ratio of 26.73, a price-to-earnings-growth ratio of 3.28 and a beta of 0.18.



Alliant Energy (NYSE:LNT) last announced its earnings results on Thursday, August 1st. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.04). Alliant Energy had a net margin of 15.09% and a return on equity of 11.69%. The company had revenue of $790.20 million during the quarter, compared to analyst estimates of $828.79 million. During the same quarter last year, the business earned $0.43 EPS. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. As a group, analysts predict that Alliant Energy Co. will post 2.15 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were given a $0.355 dividend. The ex-dividend date was Tuesday, July 30th. This represents a $1.42 annualized dividend and a dividend yield of 2.75%. Alliant Energy’s dividend payout ratio (DPR) is 73.58%.

In related news, SVP Leon David A. De bought 941 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were acquired at an average price of $53.15 per share, for a total transaction of $50,014.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP James H. Gallegos sold 5,000 shares of Alliant Energy stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $52.29, for a total transaction of $261,450.00. The disclosure for this sale can be found here. 0.25% of the stock is owned by company insiders.

A number of research analysts have weighed in on LNT shares. Argus reaffirmed a “buy” rating and issued a $52.00 price objective on shares of Alliant Energy in a report on Wednesday, June 5th. Bank of America raised shares of Alliant Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $50.00 to $54.00 in a report on Wednesday, June 26th. Finally, UBS Group lifted their price objective on shares of Alliant Energy from $49.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Alliant Energy presently has an average rating of “Hold” and a consensus target price of $50.36.

Alliant Energy Profile

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the Midwest region of the United States. It operates through three segments: Electric, Gas, and 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.

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

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