Capital Investment Advisors LLC Purchases 941 Shares of Alliant Energy Co. (NASDAQ:LNT)

Capital Investment Advisors LLC lifted its position in shares of Alliant Energy Co. (NASDAQ:LNT) by 18.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,036 shares of the company’s stock after purchasing an additional 941 shares during the period. Capital Investment Advisors LLC’s holdings in Alliant Energy were worth $357,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Private Advisor Group LLC lifted its stake in shares of Alliant Energy by 2.1% in the second quarter. Private Advisor Group LLC now owns 12,985 shares of the company’s stock worth $661,000 after acquiring an additional 268 shares during the period. Acadian Asset Management LLC increased its holdings in shares of Alliant Energy by 453.7% during the second quarter. Acadian Asset Management LLC now owns 9,590 shares of the company’s stock valued at $487,000 after acquiring an additional 7,858 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of Alliant Energy by 1.7% during the second quarter. Oppenheimer & Co. Inc. now owns 29,398 shares of the company’s stock valued at $1,496,000 after acquiring an additional 490 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Alliant Energy by 5.5% during the second quarter. Envestnet Asset Management Inc. now owns 641,036 shares of the company’s stock valued at $32,629,000 after acquiring an additional 33,214 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Alliant Energy by 9.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,293,966 shares of the company’s stock valued at $65,865,000 after acquiring an additional 116,399 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Wells Fargo & Company decreased their price objective on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Mizuho upped their price target on Alliant Energy from $52.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, October 4th. Scotiabank downgraded Alliant Energy from a “sector outperform” rating to a “sector perform” rating and upped their price target for the stock from $64.00 to $67.00 in a report on Thursday, December 12th. Barclays reduced their price objective on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. Finally, Jefferies Financial Group started coverage on Alliant Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $67.00 price objective for the company. Six research 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 company presently has a consensus rating of “Hold” and a consensus price target of $63.39.

Alliant Energy Stock Up 1.2 %

Shares of NASDAQ LNT opened at $58.47 on Thursday. Alliant Energy Co. has a one year low of $46.80 and a one year 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 business’s fifty day moving average price is $60.05 and its 200-day moving average price is $58.54. The stock has a market capitalization of $15.00 billion, a PE ratio of 22.66, a P/E/G ratio of 2.98 and a beta of 0.60.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Thursday, October 31st. The company reported $1.15 EPS for the quarter, beating 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 firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the firm earned $1.05 EPS. The business’s revenue for the quarter was up .4% compared to the same quarter last year. On average, equities research analysts anticipate that Alliant Energy Co. will post 3.04 EPS for the current year.

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.