TCI Wealth Advisors Inc. Makes New $235,000 Investment in Alliant Energy Co. (NASDAQ:LNT)

TCI Wealth Advisors Inc. bought a new position in Alliant Energy Co. (NASDAQ:LNT) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,864 shares of the company’s stock, valued at approximately $235,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northwest Investment Counselors LLC purchased a new stake in shares of Alliant Energy during the 3rd quarter valued at $28,000. Eastern Bank purchased a new stake in shares of Alliant Energy during the 3rd quarter valued at $30,000. Kimelman & Baird LLC purchased a new stake in shares of Alliant Energy during the 2nd quarter valued at $41,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Alliant Energy during the 2nd quarter valued at $43,000. Finally, MRP Capital Investments LLC purchased a new stake in shares of Alliant Energy during the 2nd quarter valued at $56,000. 79.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. UBS Group boosted their price objective 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. BMO Capital Markets boosted their price objective 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. Scotiabank boosted their price objective on shares of Alliant Energy from $58.00 to $64.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Jefferies Financial Group started coverage on shares of Alliant Energy in a report on Thursday, September 19th. They set a “hold” rating and a $67.00 target price on the stock. Finally, Wells Fargo & Company lifted their target price on shares of Alliant Energy from $62.00 to $66.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Five equities 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, the stock presently has an average rating of “Hold” and a consensus target price of $63.28.

Alliant Energy Stock Performance

Shares of LNT stock opened at $61.14 on Tuesday. Alliant Energy Co. has a 12 month low of $46.80 and a 12 month high of $62.49. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.65 and a quick ratio of 0.48. The firm has a market capitalization of $15.68 billion, a P/E ratio of 24.96, a P/E/G ratio of 2.91 and a beta of 0.58. The company’s fifty day moving average price is $59.78 and its two-hundred day moving average price is $54.79.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.57 EPS 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 firm 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 firm earned $0.64 EPS. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, research analysts anticipate that Alliant Energy Co. will post 3.06 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a $0.48 dividend. The ex-dividend date is Thursday, October 31st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.14%. Alliant Energy’s dividend payout ratio (DPR) is presently 78.37%.

Alliant Energy 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.