Alliant Energy Co. (NASDAQ:LNT) Shares Sold by LGT Financial Advisors LLC

LGT Financial Advisors LLC cut its stake in shares of Alliant Energy Co. (NASDAQ:LNT) by 59.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,489 shares of the company’s stock after selling 2,192 shares during the quarter. LGT Financial Advisors LLC’s holdings in Alliant Energy were worth $76,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Janus Henderson Group PLC increased its stake in shares of Alliant Energy by 10.3% in the first quarter. Janus Henderson Group PLC now owns 10,579,475 shares of the company’s stock valued at $533,205,000 after purchasing an additional 984,963 shares during the period. Massachusetts Financial Services Co. MA increased its position in Alliant Energy by 68.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,802,777 shares of the company’s stock valued at $246,382,000 after acquiring an additional 1,948,485 shares during the period. Cohen & Steers Inc. raised its stake in Alliant Energy by 6.2% during the 4th quarter. Cohen & Steers Inc. now owns 3,651,565 shares of the company’s stock valued at $187,325,000 after acquiring an additional 213,522 shares in the last quarter. Mairs & Power Inc. boosted its position in Alliant Energy by 2.2% during the 4th quarter. Mairs & Power Inc. now owns 3,173,484 shares of the company’s stock worth $162,800,000 after acquiring an additional 67,550 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Alliant Energy by 2.3% in the fourth quarter. Northern Trust Corp now owns 2,491,130 shares of the company’s stock worth $127,795,000 after purchasing an additional 55,131 shares in the last quarter. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Performance

Shares of NASDAQ LNT opened at $58.97 on Friday. The stock’s fifty day simple moving average is $55.52 and its 200 day simple moving average is $51.75. The stock has a market capitalization of $15.13 billion, a price-to-earnings ratio of 21.44, a PEG ratio of 2.82 and a beta of 0.58. The company has a quick ratio of 0.48, a current ratio of 0.65 and a debt-to-equity ratio of 1.31. Alliant Energy Co. has a 52-week low of $45.15 and a 52-week high of $59.80.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.57 earnings per share 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 analysts’ expectations of $897.03 million. Alliant Energy had a return on equity of 10.23% and a net margin of 15.77%. The company’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 business posted $0.64 EPS. As a group, sell-side analysts forecast that Alliant Energy Co. will post 3.07 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.26%. Alliant Energy’s dividend payout ratio is 69.82%.

Analyst Ratings Changes

A number of analysts have commented on LNT shares. BMO Capital Markets boosted their price target on shares of Alliant Energy from $58.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 6th. Scotiabank boosted their target price on Alliant Energy from $58.00 to $64.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Barclays increased their price target on Alliant Energy from $52.00 to $55.00 and gave the company an “equal weight” rating in a research note on Thursday, July 11th. LADENBURG THALM/SH SH raised Alliant Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $50.00 to $62.50 in a research note on Tuesday, August 13th. Finally, Wells Fargo & Company raised their target price 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 research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Alliant Energy has a consensus rating of “Hold” and a consensus price target of $58.50.

Alliant Energy Company 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.