Studio Investment Management LLC Acquires 651 Shares of Alliant Energy Co. (NASDAQ:LNT)

Studio Investment Management LLC boosted its holdings in Alliant Energy Co. (NASDAQ:LNT) by 1.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 45,055 shares of the company’s stock after acquiring an additional 651 shares during the period. Studio Investment Management LLC’s holdings in Alliant Energy were worth $2,734,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Janus Henderson Group PLC raised its position 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 buying an additional 984,963 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Alliant Energy by 8.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,512,770 shares of the company’s stock worth $395,260,000 after acquiring an additional 512,429 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Alliant Energy by 0.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,216,475 shares of the company’s stock valued at $134,518,000 after acquiring an additional 14,225 shares in the last quarter. Johnson Investment Counsel Inc. lifted its position in shares of Alliant Energy by 1.7% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 1,756,533 shares of the company’s stock valued at $89,408,000 after acquiring an additional 29,358 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings 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 purchasing an additional 116,399 shares in the last quarter. Institutional investors own 79.90% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on LNT. UBS Group upped their price objective on shares of Alliant Energy from $64.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Wells Fargo & Company cut their price target on shares of Alliant Energy from $66.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Jefferies Financial Group initiated coverage on shares of Alliant Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $67.00 price objective on the stock. Mizuho upped their target price on Alliant Energy from $52.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, October 4th. Finally, Barclays reduced their target price on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $63.06.

Alliant Energy Price Performance

Alliant Energy stock opened at $63.05 on Friday. The stock has a market capitalization of $16.18 billion, a price-to-earnings ratio of 24.44, a PEG ratio of 3.08 and a beta of 0.58. Alliant Energy Co. has a 52-week low of $46.80 and a 52-week high of $63.27. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86. The stock’s 50 day moving average price is $60.21 and its two-hundred day moving average price is $55.98.

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

Alliant Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend was Thursday, October 31st. Alliant Energy’s dividend payout ratio (DPR) is currently 74.42%.

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.