Quad Cities Investment Group LLC Has $341,000 Stock Position in Alliant Energy Co. (NASDAQ:LNT)

Quad Cities Investment Group LLC decreased its stake in Alliant Energy Co. (NASDAQ:LNT) by 3.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,626 shares of the company’s stock after selling 209 shares during the quarter. Quad Cities Investment Group LLC’s holdings in Alliant Energy were worth $341,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LNT. Scarborough Advisors LLC acquired a new stake in Alliant Energy during the 4th quarter worth approximately $28,000. Kimelman & Baird LLC acquired a new position in Alliant Energy during the 2nd quarter worth approximately $41,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Alliant Energy in the second quarter valued at approximately $43,000. MRP Capital Investments LLC acquired a new stake in Alliant Energy in the 2nd quarter valued at $56,000. Finally, Gradient Investments LLC bought a new stake in Alliant Energy during the 2nd quarter worth about $74,000. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Performance

NASDAQ:LNT traded down $0.03 during mid-day trading on Thursday, hitting $62.26. 366,478 shares of the stock were exchanged, compared to its average volume of 1,590,294. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.48 and a current ratio of 0.65. The firm’s 50-day simple moving average is $58.98 and its 200 day simple moving average is $54.06. Alliant Energy Co. has a fifty-two week low of $46.80 and a fifty-two week high of $62.42. The stock has a market capitalization of $15.97 billion, a price-to-earnings ratio of 25.40, a price-to-earnings-growth ratio of 2.89 and a beta of 0.58.

Alliant Energy (NASDAQ:LNT) last issued its 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 net margin of 15.77% and a return on equity of 10.23%. The company had revenue of $894.00 million during the quarter, compared to analyst estimates of $897.03 million. During the same quarter in the prior year, the business earned $0.64 EPS. The business’s quarterly revenue was down 2.0% on a year-over-year basis. As a group, equities analysts anticipate that Alliant Energy Co. will post 3.05 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.08%. The ex-dividend date is Thursday, October 31st. Alliant Energy’s dividend payout ratio (DPR) is currently 78.37%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LNT. Scotiabank boosted their target price on shares of Alliant Energy from $58.00 to $64.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. UBS Group boosted their price objective on shares of Alliant Energy from $64.00 to $65.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. BMO Capital Markets raised their target price on shares of Alliant Energy from $58.00 to $60.00 and gave the company a “market perform” rating in a research note on Tuesday, August 6th. Barclays boosted their price target on Alliant Energy from $55.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, Wells Fargo & Company raised their price objective on Alliant Energy from $62.00 to $66.00 and gave the company an “overweight” rating in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $63.28.

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.