Alliant Energy Corporation $LNT Stock Sold by United Asset Strategies Inc.

United Asset Strategies Inc. lowered its stake in Alliant Energy Corporation (NASDAQ:LNT) by 45.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,762 shares of the company’s stock after selling 36,652 shares during the period. United Asset Strategies Inc.’s holdings in Alliant Energy were worth $2,770,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. North Dakota State Investment Board lifted its stake in shares of Alliant Energy by 3.6% during the third quarter. North Dakota State Investment Board now owns 7,915 shares of the company’s stock valued at $501,000 after acquiring an additional 278 shares during the period. Busey Bank increased its position in Alliant Energy by 13.8% in the third quarter. Busey Bank now owns 6,555 shares of the company’s stock worth $415,000 after purchasing an additional 796 shares during the period. Asset Management One Co. Ltd. increased its position in Alliant Energy by 6.0% in the third quarter. Asset Management One Co. Ltd. now owns 159,248 shares of the company’s stock worth $10,080,000 after purchasing an additional 9,054 shares during the period. Roman Butler Fullerton & Co. raised its holdings in Alliant Energy by 8.1% during the 3rd quarter. Roman Butler Fullerton & Co. now owns 4,383 shares of the company’s stock worth $293,000 after purchasing an additional 330 shares during the last quarter. Finally, Miller Howard Investments Inc. NY raised its holdings in Alliant Energy by 0.8% during the 3rd quarter. Miller Howard Investments Inc. NY now owns 31,419 shares of the company’s stock worth $1,989,000 after purchasing an additional 235 shares during the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Stock Performance

Shares of Alliant Energy stock opened at $70.68 on Friday. The company has a market capitalization of $18.33 billion, a PE ratio of 22.37, a PEG ratio of 2.92 and a beta of 0.52. Alliant Energy Corporation has a 12 month low of $62.54 and a 12 month high of $78.81. The company has a current ratio of 0.47, a quick ratio of 0.35 and a debt-to-equity ratio of 1.41. The stock’s fifty day simple moving average is $66.92 and its 200 day simple moving average is $70.44.

Alliant Energy (NASDAQ:LNT) last posted its earnings results on Thursday, October 29th. The company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.21. Alliant Energy had a return on equity of 11.16% and a net margin of 18.45%. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.26 billion. On average, research analysts predict that Alliant Energy Corporation will post 3.43 EPS for the current year.

Alliant Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 30th will be given a $0.5350 dividend. This represents a $2.14 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, October 30th. Alliant Energy’s dividend payout ratio (DPR) is presently 67.72%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Alliant Energy in a research report on Monday. BMO Capital Markets reiterated an “outperform” rating and set a $75.00 price target on shares of Alliant Energy in a research report on Wednesday, October 14th. Mizuho dropped their price target on shares of Alliant Energy from $76.00 to $75.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. Royal Bank Of Canada set a $75.00 price objective on shares of Alliant Energy in a report on Wednesday, October 14th. Finally, Barclays set a $68.00 price objective on shares of Alliant Energy and gave the company an “equal weight” rating in a research note on Tuesday, October 13th. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $74.68.

Alliant Energy Profile

Alliant Energy Corporation is a public utility holding company headquartered in Madison, Wisconsin. Through its regulated utility subsidiaries, Interstate Power and Light Company and Wisconsin Power and Light Company, the company provides electric and natural gas service to residential, commercial, and industrial customers in Iowa and Wisconsin.

Alliant Energy’s operations include the generation, transmission, distribution, and sale of electricity, as well as the distribution and sale of natural gas.