514 Shares in Alliant Energy Co. (NASDAQ:LNT) Acquired by JNBA Financial Advisors

JNBA Financial Advisors purchased a new position in Alliant Energy Co. (NASDAQ:LNT) in the third quarter, HoldingsChannel.com reports. The firm purchased 514 shares of the company’s stock, valued at approximately $31,000.

Other large investors also recently bought and sold shares of the company. Northwest Investment Counselors LLC purchased a new position in shares of Alliant Energy in the third quarter valued at $28,000. Eastern Bank acquired a new stake in shares of Alliant Energy during the third quarter valued at about $30,000. Kimelman & Baird LLC purchased a new stake in shares of Alliant Energy during the second quarter worth about $41,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Alliant Energy during the second quarter worth about $43,000. Finally, MRP Capital Investments LLC acquired a new position in shares of Alliant Energy in the second quarter worth about $56,000. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Trading Down 1.9 %

Alliant Energy stock opened at $57.00 on Thursday. Alliant Energy Co. has a 1 year low of $46.80 and a 1 year high of $62.49. The firm’s 50-day moving average is $59.88 and its 200-day moving average is $55.22. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.48 and a current ratio of 0.86. The company has a market cap of $14.63 billion, a P/E ratio of 22.09, a PEG ratio of 2.77 and a beta of 0.58.

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

Alliant Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a dividend of $0.48 per share. The ex-dividend date is Thursday, October 31st. This represents a $1.92 dividend on an annualized basis and a yield of 3.37%. Alliant Energy’s dividend payout ratio is currently 74.42%.

Analyst Ratings Changes

LNT has been the topic of several analyst reports. Mizuho lifted their price objective on Alliant Energy from $52.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, October 4th. Scotiabank lifted their price target on shares of Alliant Energy from $58.00 to $64.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Wells Fargo & Company reduced their price objective on shares of Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday. Jefferies Financial Group started coverage on shares of Alliant Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $67.00 target price for the company. Finally, Barclays reduced their price target on shares of Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $63.06.

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.