Alliant Energy Co. (NASDAQ:LNT) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC lifted its stake in shares of Alliant Energy Co. (NASDAQ:LNT) by 10.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 52,236 shares of the company’s stock after purchasing an additional 4,890 shares during the quarter. Cerity Partners LLC’s holdings in Alliant Energy were worth $2,680,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. NBC Securities Inc. acquired a new stake in shares of Alliant Energy during the 3rd quarter worth approximately $2,977,000. Fifth Third Bancorp raised its position in shares of Alliant Energy by 9.5% during the 3rd quarter. Fifth Third Bancorp now owns 33,941 shares of the company’s stock worth $1,644,000 after purchasing an additional 2,947 shares during the period. Metis Global Partners LLC increased its position in Alliant Energy by 21.4% in the 3rd quarter. Metis Global Partners LLC now owns 9,178 shares of the company’s stock valued at $445,000 after acquiring an additional 1,616 shares during the period. HighTower Advisors LLC increased its position in Alliant Energy by 3.6% in the 3rd quarter. HighTower Advisors LLC now owns 41,460 shares of the company’s stock valued at $2,004,000 after acquiring an additional 1,439 shares during the period. Finally, Comerica Bank acquired a new stake in Alliant Energy in the 3rd quarter valued at approximately $4,809,000. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LNT has been the topic of several analyst reports. Barclays restated an “equal weight” rating and issued a $53.00 target price (up from $50.00) on shares of Alliant Energy in a research report on Tuesday, January 2nd. BMO Capital Markets raised their target price on Alliant Energy from $51.00 to $53.00 and gave the company a “market perform” rating in a research report on Monday. Finally, Bank of America lowered their target price on Alliant Energy from $55.00 to $54.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, Alliant Energy has an average rating of “Hold” and a consensus price target of $53.31.

Alliant Energy Stock Performance

Shares of NASDAQ LNT opened at $48.84 on Friday. The stock has a fifty day moving average price of $48.67 and a two-hundred day moving average price of $49.44. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.40 and a current ratio of 0.55. The firm has a market cap of $12.51 billion, a P/E ratio of 17.57, a PEG ratio of 2.58 and a beta of 0.55. Alliant Energy Co. has a 1 year low of $45.15 and a 1 year high of $56.26.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Friday, February 16th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.07). The firm had revenue of $961.00 million for the quarter, compared to the consensus estimate of $1.25 billion. Alliant Energy had a net margin of 17.46% and a return on equity of 10.85%. During the same period in the previous year, the business posted $0.46 earnings per share. Research analysts forecast that Alliant Energy Co. will post 3.07 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend is Monday, April 29th. Alliant Energy’s dividend payout ratio is presently 69.06%.

Insider Transactions at Alliant Energy

In related news, CEO Lisa M. Barton acquired 1,100 shares of Alliant Energy stock in a transaction dated Tuesday, February 20th. The stock was acquired at an average cost of $48.56 per share, with a total value of $53,416.00. Following the purchase, the chief executive officer now directly owns 36,444 shares in the company, valued at approximately $1,769,720.64. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.31% of the company’s stock.

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.