6,697 Shares in Alliant Energy Co. (NASDAQ:LNT) Acquired by Pure Financial Advisors LLC

Pure Financial Advisors LLC purchased a new stake in Alliant Energy Co. (NASDAQ:LNT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,697 shares of the company’s stock, valued at approximately $396,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Natixis Advisors LLC grew its position in shares of Alliant Energy by 14.7% in the 3rd quarter. Natixis Advisors LLC now owns 196,318 shares of the company’s stock valued at $11,915,000 after buying an additional 25,161 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Alliant Energy during the third quarter worth about $4,742,000. Principal Financial Group Inc. lifted its holdings in shares of Alliant Energy by 9.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,183,765 shares of the company’s stock valued at $71,839,000 after purchasing an additional 101,387 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of 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 purchasing an additional 14,225 shares during the period. Finally, Daiwa Securities Group Inc. grew its stake in Alliant Energy by 22.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 53,600 shares of the company’s stock worth $3,253,000 after buying an additional 9,780 shares during the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Wall Street Analysts Forecast Growth

LNT has been the subject of several research analyst reports. Wells Fargo & Company decreased their price objective on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Mizuho raised their price objective on shares of Alliant Energy from $52.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, October 4th. Scotiabank cut shares of Alliant Energy from a “sector outperform” rating to a “sector perform” rating and upped their target price for the company from $64.00 to $67.00 in a report on Thursday, December 12th. Barclays lowered their price target 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. Finally, BMO Capital Markets reduced their price objective on Alliant Energy from $65.00 to $61.00 and set a “market perform” rating for the company in a research note on Monday, November 4th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $63.39.

Alliant Energy Stock Performance

Shares of LNT stock opened at $61.00 on Wednesday. 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 stock has a 50 day simple moving average of $60.22 and a 200-day simple moving average of $58.79. The company has a market cap of $15.65 billion, a price-to-earnings ratio of 23.64, a price-to-earnings-growth ratio of 2.84 and a beta of 0.60. Alliant Energy Co. has a 12-month low of $46.80 and a 12-month high of $64.19.

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

Alliant Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st will be given a dividend of $0.5075 per share. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.48. This represents a $2.03 annualized dividend and a yield of 3.33%. The ex-dividend date is Friday, January 31st. Alliant Energy’s dividend payout ratio is presently 74.42%.

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.