Centennial Wealth Advisory LLC Has $390,000 Position in Alliant Energy Co. (NASDAQ:LNT)

Centennial Wealth Advisory LLC grew its stake in shares of Alliant Energy Co. (NASDAQ:LNT) by 4.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 6,433 shares of the company’s stock after acquiring an additional 250 shares during the period. Centennial Wealth Advisory LLC’s holdings in Alliant Energy were worth $390,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

LNT has been the topic of several analyst reports. LADENBURG THALM/SH SH raised shares of Alliant Energy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $50.00 to $62.50 in a research report on Tuesday, August 13th. Jefferies Financial Group assumed coverage on Alliant Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $67.00 price target on the stock. UBS Group raised their price target on Alliant Energy from $64.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Barclays lowered their price target on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, Wells Fargo & Company lowered 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. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $63.06.

Alliant Energy Price Performance

Shares of NASDAQ:LNT traded down $0.93 during trading on Wednesday, reaching $57.19. The stock had a trading volume of 505,773 shares, compared to its average volume of 1,594,074. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.48. The stock has a market capitalization of $14.67 billion, a PE ratio of 21.97, a P/E/G ratio of 2.77 and a beta of 0.58. The business’s 50-day moving average price is $59.87 and its 200 day moving average price is $55.16. Alliant Energy Co. has a 52 week low of $46.80 and a 52 week high of $62.49.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Thursday, October 31st. The company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.08 billion. During the same quarter last year, the business posted $1.05 earnings per share. Alliant Energy’s revenue for the quarter was up .4% compared to the same quarter last year. As a group, equities analysts predict that Alliant Energy Co. will post 3.04 earnings per share for the current 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 issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date is Thursday, October 31st. Alliant Energy’s dividend payout ratio is presently 74.42%.

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.