Peterson Financial Group Inc. Acquires Shares of 1,177 Alliant Energy Co. (NASDAQ:LNT)

Peterson Financial Group Inc. acquired a new stake in Alliant Energy Co. (NASDAQ:LNT) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,177 shares of the company’s stock, valued at approximately $71,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LNT. Janus Henderson Group PLC boosted its stake in Alliant Energy by 10.3% in the first quarter. Janus Henderson Group PLC now owns 10,579,475 shares of the company’s stock valued at $533,205,000 after acquiring an additional 984,963 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Alliant Energy during the second quarter worth $42,367,000. Eagle Ridge Investment Management bought a new position in shares of Alliant Energy during the second quarter worth $26,804,000. Millennium Management LLC boosted its position in shares of Alliant Energy by 2,141.3% during the second quarter. Millennium Management LLC now owns 180,402 shares of the company’s stock worth $9,182,000 after purchasing an additional 172,353 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position 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 worth $10,877,000 after purchasing an additional 144,077 shares in the last quarter. 79.90% of the stock is owned by institutional investors.

Alliant Energy Trading Up 2.5 %

Shares of NASDAQ:LNT opened at $60.98 on Friday. Alliant Energy Co. has a 12 month low of $46.80 and a 12 month high of $62.49. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. The company’s fifty day simple moving average is $59.96 and its 200 day simple moving average is $55.69. The firm has a market cap of $15.65 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 3.02 and a beta of 0.58.

Alliant Energy (NASDAQ:LNT) last issued 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. Alliant Energy had a net margin of 16.66% and a return on equity of 10.56%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the business earned $1.05 EPS. The company’s revenue was up .4% compared to the same quarter last year. As a group, research analysts forecast that Alliant Energy Co. will post 3.04 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders 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 yield of 3.15%. Alliant Energy’s payout ratio is currently 74.42%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LNT. Scotiabank lifted their price target on shares of Alliant Energy from $58.00 to $64.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. LADENBURG THALM/SH SH raised shares of Alliant Energy from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $50.00 to $62.50 in a research report on Tuesday, August 13th. UBS Group lifted their price target on shares of Alliant Energy from $64.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Mizuho raised their price objective on shares of Alliant Energy from $52.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, October 4th. Finally, Barclays dropped their price objective on shares of Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $63.06.

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.