Stifel Financial Corp Grows Stake in Alliant Energy Co. (NASDAQ:LNT)

Stifel Financial Corp lifted its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 20.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 118,582 shares of the company’s stock after acquiring an additional 19,807 shares during the quarter. Stifel Financial Corp’s holdings in Alliant Energy were worth $7,197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Janus Henderson Group PLC boosted its position in shares of Alliant Energy by 0.6% during the third quarter. Janus Henderson Group PLC now owns 10,691,172 shares of the company’s stock valued at $648,847,000 after buying an additional 65,110 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Alliant Energy by 8.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,512,770 shares of the company’s stock valued at $395,260,000 after buying an additional 512,429 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Alliant Energy by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,216,475 shares of the company’s stock valued at $134,518,000 after buying an additional 14,225 shares during the last quarter. Johnson Investment Counsel Inc. boosted its position in shares of Alliant Energy by 1.7% during the second quarter. Johnson Investment Counsel Inc. now owns 1,756,533 shares of the company’s stock valued at $89,408,000 after buying an additional 29,358 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its position in shares of Alliant Energy by 92.7% during the third quarter. Point72 Asset Management L.P. now owns 1,604,272 shares of the company’s stock valued at $97,363,000 after buying an additional 771,919 shares during the last quarter. 79.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on LNT. Jefferies Financial Group initiated coverage on Alliant Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $67.00 price objective on the stock. Scotiabank cut Alliant Energy from a “sector outperform” rating to a “sector perform” rating and raised their target price for the stock from $64.00 to $67.00 in a research report on Thursday. Bank of America raised their target price on Alliant Energy from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Wells Fargo & Company dropped their target price on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Finally, UBS Group raised their target price on Alliant Energy from $64.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Alliant Energy has a consensus rating of “Hold” and an average target price of $63.39.

Alliant Energy Stock Down 0.0 %

Shares of LNT opened at $60.45 on Friday. The business’s 50 day moving average is $60.77 and its 200 day moving average is $57.18. The company has a market capitalization of $15.51 billion, a PE ratio of 23.43, a price-to-earnings-growth ratio of 2.98 and a beta of 0.59. Alliant Energy Co. has a 12-month low of $46.80 and a 12-month 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.

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, beating the consensus estimate of $1.10 by $0.05. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. Alliant Energy had a return on equity of 10.56% and a net margin of 16.66%. The firm’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter last year, the company earned $1.05 EPS. Research analysts expect that Alliant Energy Co. will post 3.04 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.18%. The ex-dividend date was Thursday, October 31st. 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.