LGT Financial Advisors LLC Decreases Stock Holdings in Alliant Energy Co. (NASDAQ:LNT)

LGT Financial Advisors LLC reduced its position in shares of Alliant Energy Co. (NASDAQ:LNT) by 47.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 784 shares of the company’s stock after selling 705 shares during the period. LGT Financial Advisors LLC’s holdings in Alliant Energy were worth $48,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Intech Investment Management LLC raised its position in Alliant Energy by 604.0% during the 1st quarter. Intech Investment Management LLC now owns 72,768 shares of the company’s stock valued at $3,668,000 after purchasing an additional 62,431 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of 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 buying an additional 144,077 shares during the period. Forsta AP Fonden raised its holdings in shares of Alliant Energy by 36.3% during the first quarter. Forsta AP Fonden now owns 70,600 shares of the company’s stock valued at $3,558,000 after acquiring an additional 18,800 shares in the last quarter. Ameritas Investment Partners Inc. lifted its stake in Alliant Energy by 105.5% in the first quarter. Ameritas Investment Partners Inc. now owns 33,166 shares of the company’s stock worth $1,672,000 after acquiring an additional 17,030 shares during the period. Finally, O Shaughnessy Asset Management LLC boosted its holdings in Alliant Energy by 28.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 44,537 shares of the company’s stock valued at $2,245,000 after acquiring an additional 9,977 shares in the last quarter. 79.90% of the stock is owned by institutional investors.

Alliant Energy Price Performance

LNT opened at $57.00 on Thursday. The firm has a market cap of $14.63 billion, a PE ratio of 22.09, a P/E/G ratio of 2.77 and a beta of 0.58. The stock has a 50-day moving average price of $59.88 and a 200-day moving average price of $55.22. Alliant Energy Co. has a 1 year low of $46.80 and a 1 year high of $62.49. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.48.

Alliant Energy (NASDAQ:LNT) last issued 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 net margin of 16.66% and a return on equity of 10.56%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the previous year, the company earned $1.05 earnings per share. The business’s revenue for the quarter was up .4% compared to the same quarter last year. Sell-side analysts predict that Alliant Energy Co. will post 3.04 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.92 annualized dividend and a yield of 3.37%. Alliant Energy’s dividend payout ratio is 74.42%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Barclays decreased their price objective on shares of Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating for the company in a report on Wednesday. LADENBURG THALM/SH SH upgraded shares of Alliant Energy from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $50.00 to $62.50 in a report on Tuesday, August 13th. UBS Group increased their target price on Alliant Energy from $64.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Wells Fargo & Company dropped 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. Finally, BMO Capital Markets lowered their price objective on Alliant Energy from $65.00 to $61.00 and set a “market perform” rating for the company in a research report on Monday. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $63.06.

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.