Elevated Capital Advisors LLC Has $799,000 Stock Holdings in Alliant Energy Co. (NASDAQ:LNT)

Elevated Capital Advisors LLC trimmed its position in Alliant Energy Co. (NASDAQ:LNT) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,515 shares of the company’s stock after selling 275 shares during the quarter. Elevated Capital Advisors LLC’s holdings in Alliant Energy were worth $799,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LNT. Larson Financial Group LLC increased its stake in shares of Alliant Energy by 7,083.3% in the 3rd quarter. Larson Financial Group LLC now owns 431 shares of the company’s stock valued at $26,000 after acquiring an additional 425 shares during the last quarter. Northwest Investment Counselors LLC bought a new position in shares of Alliant Energy during the third quarter worth $28,000. Eastern Bank acquired a new position in shares of Alliant Energy in the 3rd quarter valued at $30,000. JNBA Financial Advisors bought a new stake in shares of Alliant Energy in the 3rd quarter valued at $31,000. Finally, ORG Partners LLC raised its stake in Alliant Energy by 517.0% during the 4th quarter. ORG Partners LLC now owns 617 shares of the company’s stock worth $36,000 after buying an additional 517 shares during the period. 79.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on LNT. BMO Capital Markets lowered their price objective on shares of Alliant Energy from $65.00 to $61.00 and set a “market perform” rating for the company in a research report on Monday, November 4th. Scotiabank downgraded Alliant Energy from a “sector outperform” rating to a “sector perform” rating and lifted their price target for the company from $64.00 to $67.00 in a research note on Thursday, December 12th. Mizuho boosted their price target on Alliant Energy from $52.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, October 4th. Jefferies Financial Group started coverage on Alliant Energy in a report on Thursday, September 19th. They set a “hold” rating and a $67.00 price objective for the company. Finally, Wells Fargo & Company cut their target price on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $63.39.

Alliant Energy Price Performance

LNT stock traded up $0.32 during trading on Monday, reaching $56.98. 1,342,862 shares of the company were exchanged, compared to its average volume of 1,375,068. Alliant Energy Co. has a twelve month low of $46.80 and a twelve month high of $64.19. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72. The company has a market capitalization of $14.62 billion, a price-to-earnings ratio of 22.09, a P/E/G ratio of 2.98 and a beta of 0.60. The company has a 50-day moving average of $60.06 and a two-hundred day moving average of $58.45.

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 analysts’ consensus estimates of $1.10 by $0.05. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Alliant Energy had a return on equity of 10.56% and a net margin of 16.66%. The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.05 EPS. As a group, equities analysts predict that Alliant Energy Co. will post 3.04 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a $0.48 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.37%. Alliant Energy’s dividend payout ratio (DPR) 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.