Capital Square LLC Purchases New Stake in Alliant Energy Co. (NASDAQ:LNT)

Capital Square LLC acquired a new position in Alliant Energy Co. (NASDAQ:LNT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,446 shares of the company’s stock, valued at approximately $209,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Larson Financial Group LLC grew its stake in shares of Alliant Energy by 7,083.3% during the 3rd quarter. Larson Financial Group LLC now owns 431 shares of the company’s stock worth $26,000 after acquiring an additional 425 shares during the period. Northwest Investment Counselors LLC bought a new stake in shares of Alliant Energy in the third quarter valued at approximately $28,000. Eastern Bank bought a new stake in Alliant Energy during the 3rd quarter valued at $30,000. JNBA Financial Advisors purchased a new stake in shares of Alliant Energy during the third quarter worth $31,000. Finally, Kimelman & Baird LLC bought a new position in Alliant Energy in the 2nd quarter worth about $41,000. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Trading Up 0.5 %

Shares of LNT opened at $63.63 on Tuesday. Alliant Energy Co. has a 1-year low of $46.80 and a 1-year high of $64.19. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33. The firm’s 50-day moving average price is $60.35 and its 200-day moving average price is $56.22. The firm has a market capitalization of $16.33 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 3.13 and a beta of 0.58.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings data 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. Alliant Energy had a return on equity of 10.56% and a net margin of 16.66%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the company earned $1.05 earnings per share. The firm’s quarterly revenue was up .4% compared to the same quarter last year. Sell-side analysts anticipate that Alliant Energy Co. will post 3.04 EPS for the current year.

Alliant Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date was Thursday, October 31st. Alliant Energy’s payout ratio is 74.42%.

Analyst Upgrades and Downgrades

LNT has been the subject of several analyst reports. Scotiabank raised their price target on shares of Alliant Energy from $58.00 to $64.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. LADENBURG THALM/SH SH raised Alliant Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $50.00 to $62.50 in a report on Tuesday, August 13th. Mizuho boosted their price target on shares of Alliant Energy from $52.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, October 4th. BMO Capital Markets reduced their price objective on Alliant Energy from $65.00 to $61.00 and set a “market perform” rating on the stock in a research note on Monday, November 4th. Finally, Bank of America raised their target price on shares of Alliant Energy from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Alliant Energy currently has an average rating of “Hold” and a consensus target price of $63.06.

Alliant Energy 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.