Perfromance Wealth Partners LLC Boosts Stake in Alliant Energy Co. (NASDAQ:LNT)

Perfromance Wealth Partners LLC increased its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 8.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,369 shares of the company’s stock after purchasing an additional 595 shares during the period. Perfromance Wealth Partners LLC’s holdings in Alliant Energy were worth $447,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LNT. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Alliant Energy by 7.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 2,605 shares of the company’s stock valued at $158,000 after acquiring an additional 174 shares in the last quarter. City State Bank increased its stake in Alliant Energy by 0.3% in the 2nd quarter. City State Bank now owns 71,147 shares of the company’s stock valued at $3,621,000 after purchasing an additional 195 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Alliant Energy by 0.9% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 21,979 shares of the company’s stock worth $1,119,000 after buying an additional 200 shares during the last quarter. Retirement Systems of Alabama lifted its holdings in shares of Alliant Energy by 0.4% in the second quarter. Retirement Systems of Alabama now owns 56,557 shares of the company’s stock valued at $2,879,000 after purchasing an additional 236 shares in the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of Alliant Energy by 0.3% in the second quarter. Arizona State Retirement System now owns 70,426 shares of the company’s stock valued at $3,585,000 after purchasing an additional 239 shares in the last quarter. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on LNT shares. Scotiabank lifted their price objective on Alliant Energy from $58.00 to $64.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. BMO Capital Markets boosted their price target on Alliant Energy from $58.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, August 6th. Bank of America increased their price objective on Alliant Energy from $62.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. UBS Group boosted their target price on shares of Alliant Energy from $64.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Finally, Wells Fargo & Company raised their price target on shares of Alliant Energy from $56.00 to $62.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $62.17.

Alliant Energy Trading Up 1.2 %

Shares of LNT stock traded up $0.69 during trading hours on Friday, hitting $59.67. 1,120,833 shares of the company were exchanged, compared to its average volume of 1,315,352. The firm has a fifty day moving average of $58.65 and a 200 day moving average of $53.79. The company has a quick ratio of 0.48, a current ratio of 0.65 and a debt-to-equity ratio of 1.31. Alliant Energy Co. has a 1 year low of $46.80 and a 1 year high of $61.09. The firm has a market cap of $15.31 billion, a PE ratio of 24.36, a PEG ratio of 2.83 and a beta of 0.58.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.07). Alliant Energy had a return on equity of 10.23% and a net margin of 15.77%. The company had revenue of $894.00 million for the quarter, compared to analysts’ expectations of $897.03 million. During the same period in the prior year, the business earned $0.64 EPS. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. Analysts expect that Alliant Energy Co. will post 3.05 earnings per share for the current year.

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.