Accredited Investors Inc. Makes New $208,000 Investment in Alliant Energy Co. (NASDAQ:LNT)

Accredited Investors Inc. acquired a new stake in Alliant Energy Co. (NASDAQ:LNT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,429 shares of the company’s stock, valued at approximately $208,000.

A number of other large investors also recently bought and sold shares of the stock. Janus Henderson Group PLC lifted its stake in shares of Alliant Energy by 10.3% in the 1st 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. Johnson Investment Counsel Inc. raised its position in shares of Alliant Energy by 1.7% in the second quarter. Johnson Investment Counsel Inc. now owns 1,756,533 shares of the company’s stock worth $89,408,000 after acquiring an additional 29,358 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Alliant Energy by 9.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,293,966 shares of the company’s stock worth $65,865,000 after acquiring an additional 116,399 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Alliant Energy by 9.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,183,765 shares of the company’s stock valued at $71,839,000 after acquiring an additional 101,387 shares during the period. Finally, Anchor Capital Advisors LLC increased its stake in shares of Alliant Energy by 6.0% in the 2nd quarter. Anchor Capital Advisors LLC now owns 964,337 shares of the company’s stock valued at $49,085,000 after purchasing an additional 54,510 shares in the last quarter. 79.90% of the stock is owned by institutional investors and hedge funds.

Alliant Energy Stock Up 2.5 %

Shares of LNT opened at $60.98 on Monday. The company’s 50-day moving average price is $59.96 and its 200 day moving average price is $55.73. Alliant Energy Co. has a 12-month low of $46.80 and a 12-month high of $62.49. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33. The firm has a market cap of $15.65 billion, a P/E ratio of 23.64, a price-to-earnings-growth ratio of 3.02 and a beta of 0.58.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Thursday, October 31st. The company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.05. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. Alliant Energy had a net margin of 16.66% and a return on equity of 10.56%. The business’s revenue was up .4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.05 EPS. On average, sell-side analysts forecast that Alliant Energy Co. will post 3.04 earnings per share for the current year.

Alliant Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a dividend of $0.48 per share. The ex-dividend date was Thursday, October 31st. This represents a $1.92 annualized dividend and a dividend yield of 3.15%. Alliant Energy’s dividend payout ratio is currently 74.42%.

Wall Street Analyst Weigh In

Several brokerages have commented on LNT. Jefferies Financial Group began coverage on Alliant Energy in a report on Thursday, September 19th. They issued a “hold” rating and a $67.00 price objective on the stock. Bank of America boosted their price target on shares of Alliant Energy from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. BMO Capital Markets decreased their price objective on shares of Alliant Energy from $65.00 to $61.00 and set a “market perform” rating on the stock in a report on Monday, November 4th. UBS Group boosted their target price on shares of Alliant Energy from $64.00 to $65.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Finally, Mizuho raised their price target on shares of Alliant Energy from $52.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, October 4th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $63.06.

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.