3,918 Shares in Alliant Energy Co. (NASDAQ:LNT) Acquired by CWS Financial Advisors LLC

CWS Financial Advisors LLC acquired a new position in Alliant Energy Co. (NASDAQ:LNT) in the third quarter, Holdings Channel reports. The firm acquired 3,918 shares of the company’s stock, valued at approximately $238,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LNT. Price T Rowe Associates Inc. MD boosted its stake in Alliant Energy by 2.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 339,408 shares of the company’s stock worth $17,107,000 after purchasing an additional 7,100 shares during the period. Bayesian Capital Management LP purchased a new stake in Alliant Energy in the 1st quarter worth approximately $289,000. Tidal Investments LLC lifted its position in Alliant Energy by 132.3% in the 1st quarter. Tidal Investments LLC now owns 11,487 shares of the company’s stock worth $579,000 after buying an additional 6,543 shares in the last quarter. Atria Investments Inc purchased a new stake in Alliant Energy in the 1st quarter worth approximately $2,761,000. Finally, Cetera Investment Advisers lifted its position in Alliant Energy by 200.8% in the 1st quarter. Cetera Investment Advisers now owns 215,821 shares of the company’s stock worth $10,877,000 after buying an additional 144,077 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Stock Performance

NASDAQ:LNT opened at $63.59 on Friday. Alliant Energy Co. has a 1 year low of $46.80 and a 1 year high of $64.19. The firm’s fifty day simple moving average is $60.55 and its 200 day simple moving average is $56.41. 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 capitalization of $16.32 billion, a PE ratio of 24.65, a PEG ratio of 3.14 and a beta of 0.58.

Alliant Energy (NASDAQ:LNT) last posted 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 net margin of 16.66% and a return on equity of 10.56%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the firm posted $1.05 EPS. The business’s revenue was up .4% compared to the same quarter last year. On average, sell-side analysts anticipate that Alliant Energy Co. will post 3.04 EPS for the current year.

Alliant Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued 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 3.02%. Alliant Energy’s payout ratio is 74.42%.

Analysts Set New Price Targets

LNT has been the subject of a number of research analyst reports. Mizuho increased their target price 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. Bank of America increased their target price on shares of Alliant Energy from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Wells Fargo & Company cut their price target on shares of Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Jefferies Financial Group began coverage on shares of Alliant Energy in a report on Thursday, September 19th. They set a “hold” rating and a $67.00 price target on the stock. Finally, BMO Capital Markets cut their price target 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. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus 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.