Dean Investment Associates LLC Reduces Stock Holdings in Alliant Energy Co. (NASDAQ:LNT)

Dean Investment Associates LLC trimmed its holdings in Alliant Energy Co. (NASDAQ:LNT) by 4.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,854 shares of the company’s stock after selling 6,906 shares during the quarter. Alliant Energy comprises about 1.3% of Dean Investment Associates LLC’s investment portfolio, making the stock its 3rd biggest holding. Dean Investment Associates LLC owned about 0.06% of Alliant Energy worth $9,337,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Larson Financial Group LLC boosted its holdings in Alliant Energy by 7,083.3% in the third quarter. Larson Financial Group LLC now owns 431 shares of the company’s stock worth $26,000 after acquiring an additional 425 shares in the last quarter. Northwest Investment Counselors LLC purchased a new position in shares of Alliant Energy in the 3rd quarter worth about $28,000. Eastern Bank bought a new position in Alliant Energy in the 3rd quarter worth about $30,000. JNBA Financial Advisors purchased a new stake in Alliant Energy during the 3rd quarter valued at about $31,000. Finally, Kimelman & Baird LLC purchased a new stake in Alliant Energy during the 2nd quarter valued at about $41,000. 79.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on LNT. BMO Capital Markets decreased their target price on shares of Alliant Energy from $65.00 to $61.00 and set a “market perform” rating for the company in a report on Monday, November 4th. Wells Fargo & Company lowered their price objective 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. Bank of America lifted their target price on Alliant Energy from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Mizuho upped their price target on Alliant Energy from $52.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, October 4th. Finally, Jefferies Financial Group began coverage on Alliant Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $67.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $63.06.

Alliant Energy Stock Performance

LNT stock 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. Alliant Energy Co. has a 1 year low of $46.80 and a 1 year high of $64.19. The company has a market cap of $15.67 billion, a P/E ratio of 23.67, a price-to-earnings-growth ratio of 3.02 and a beta of 0.59. The stock’s fifty day moving average price is $60.77 and its 200-day moving average price is $56.83.

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

Alliant Energy Announces Dividend

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

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.