Accel Wealth Management Has $351,000 Holdings in Alliant Energy Co. (NASDAQ:LNT)

Accel Wealth Management decreased its position in shares of Alliant Energy Co. (NASDAQ:LNT) by 11.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,933 shares of the company’s stock after selling 769 shares during the period. Accel Wealth Management’s holdings in Alliant Energy were worth $351,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC lifted its position in shares of Alliant Energy by 0.6% during the 3rd quarter. Janus Henderson Group PLC now owns 10,691,172 shares of the company’s stock worth $648,847,000 after purchasing an additional 65,110 shares during the last quarter. Geode Capital Management LLC increased its position in Alliant Energy by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 6,593,166 shares of the company’s stock worth $398,880,000 after buying an additional 92,525 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Alliant Energy by 8.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,512,770 shares of the company’s stock worth $395,260,000 after buying an additional 512,429 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Alliant Energy by 0.6% in 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 acquiring an additional 14,225 shares during the period. Finally, Point72 Asset Management L.P. grew its stake in shares of Alliant Energy by 92.7% in the third quarter. Point72 Asset Management L.P. now owns 1,604,272 shares of the company’s stock worth $97,363,000 after acquiring an additional 771,919 shares during the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Barclays cut their target price on shares of Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. Wells Fargo & Company reduced their target price on shares of Alliant Energy from $66.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. 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 note on Monday, November 4th. Mizuho raised their price objective on Alliant Energy from $52.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, October 4th. Finally, Scotiabank cut Alliant Energy from a “sector outperform” rating to a “sector perform” rating and boosted their price objective for the company from $64.00 to $67.00 in a research report on Thursday, December 12th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Alliant Energy presently has a consensus rating of “Hold” and an average price target of $63.39.

Alliant Energy Stock Performance

Shares of NASDAQ:LNT opened at $58.77 on Friday. The stock has a market capitalization of $15.08 billion, a price-to-earnings ratio of 22.78, a price-to-earnings-growth ratio of 2.77 and a beta of 0.60. The business’s fifty day moving average price is $60.16 and its two-hundred day moving average price is $58.91. Alliant Energy Co. has a fifty-two week low of $46.80 and a fifty-two week high of $64.19. 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 (NASDAQ:LNT) last announced its quarterly earnings results on Thursday, October 31st. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.05. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.08 billion. Alliant Energy had a net margin of 16.66% and a return on equity of 10.56%. The firm’s quarterly revenue was up .4% on a year-over-year basis. During the same period last year, the firm posted $1.05 EPS. As a group, analysts predict that Alliant Energy Co. will post 3.04 EPS for the current fiscal year.

Alliant Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 31st will be issued a $0.5075 dividend. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.45%. This is a boost from Alliant Energy’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, January 31st. Alliant Energy’s payout ratio is currently 74.42%.

About Alliant Energy

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.