Capital Square LLC Purchases New Position in Alliant Energy Co. (NASDAQ:LNT)

Capital Square LLC bought a new stake in shares of Alliant Energy Co. (NASDAQ:LNT) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,446 shares of the company’s stock, valued at approximately $209,000.

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

Alliant Energy Price Performance

NASDAQ:LNT opened at $63.63 on Tuesday. The business’s 50-day moving average is $60.35 and its 200 day moving average is $56.22. Alliant Energy Co. has a 12 month low of $46.80 and a 12 month high of $64.19. The company has a market capitalization of $16.33 billion, a P/E ratio of 24.66, a P/E/G ratio of 3.13 and a beta of 0.58. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33.

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

Alliant Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.92 annualized dividend and a yield of 3.02%. Alliant Energy’s dividend payout ratio (DPR) is currently 74.42%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LNT. BMO Capital Markets reduced their price objective on shares of Alliant Energy from $65.00 to $61.00 and set a “market perform” rating for the company in a research note on Monday, November 4th. Wells Fargo & Company cut their price target on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Barclays lowered their price objective on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. Jefferies Financial Group initiated coverage on Alliant Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $67.00 price objective for the company. Finally, Bank of America lifted their target price on Alliant Energy from $62.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Five 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 has a consensus rating of “Hold” and an average price target of $63.06.

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.