Delos Wealth Advisors LLC Has $3.53 Million Holdings in Alliant Energy Co. (NASDAQ:LNT)

Delos Wealth Advisors LLC increased its position in Alliant Energy Co. (NASDAQ:LNT) by 11.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,191 shares of the company’s stock after acquiring an additional 5,771 shares during the quarter. Alliant Energy comprises about 3.1% of Delos Wealth Advisors LLC’s holdings, making the stock its 10th biggest holding. Delos Wealth Advisors LLC’s holdings in Alliant Energy were worth $3,532,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Natixis Advisors LLC raised its position in Alliant Energy by 14.7% during the third quarter. Natixis Advisors LLC now owns 196,318 shares of the company’s stock valued at $11,915,000 after purchasing an additional 25,161 shares in the last quarter. Seven Eight Capital LP purchased a new stake in Alliant Energy during the second quarter valued at about $1,248,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Alliant Energy during the third quarter valued at about $4,742,000. Principal Financial Group Inc. raised its position in Alliant Energy by 9.4% during the third quarter. Principal Financial Group Inc. now owns 1,183,765 shares of the company’s stock valued at $71,839,000 after purchasing an additional 101,387 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Alliant Energy by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,216,475 shares of the company’s stock valued at $134,518,000 after purchasing an additional 14,225 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors.

Alliant Energy Stock Down 0.8 %

NASDAQ LNT opened at $61.06 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72. The stock has a market capitalization of $15.67 billion, a PE ratio of 23.67, a PEG ratio of 3.02 and a beta of 0.59. Alliant Energy Co. has a 1 year low of $46.80 and a 1 year high of $64.19. The business’s 50-day moving average is $60.77 and its 200 day moving average is $56.83.

Alliant Energy (NASDAQ:LNT) last posted its earnings results 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. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Alliant Energy had a return on equity of 10.56% and a net margin of 16.66%. Alliant Energy’s quarterly revenue was up .4% on a year-over-year basis. During the same period last year, the firm earned $1.05 earnings per share. Sell-side analysts forecast that Alliant Energy Co. will post 3.04 earnings per share for the current year.

Alliant Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a $0.48 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.92 annualized dividend and a dividend yield of 3.14%. Alliant Energy’s payout ratio is presently 74.42%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. BMO Capital Markets lowered their price target on Alliant Energy from $65.00 to $61.00 and set a “market perform” rating on the stock in a research report on Monday, November 4th. Wells Fargo & Company lowered their price target on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Jefferies Financial Group began coverage on Alliant Energy in a report on Thursday, September 19th. They issued a “hold” rating and a $67.00 price objective on the stock. LADENBURG THALM/SH SH upgraded Alliant Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $50.00 to $62.50 in a report on Tuesday, August 13th. Finally, Barclays decreased their price objective on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. 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 MarketBeat.com, Alliant Energy currently has a consensus rating of “Hold” and an average target price 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.