Great Waters Wealth Management Acquires Shares of 3,447 Alliant Energy Co. (NASDAQ:LNT)

Great Waters Wealth Management acquired a new stake in Alliant Energy Co. (NASDAQ:LNT) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,447 shares of the company’s stock, valued at approximately $209,000.

A number of other institutional investors also recently added to or reduced their stakes in LNT. Scarborough Advisors LLC purchased a new stake in Alliant Energy in the 4th quarter valued at approximately $28,000. Kimelman & Baird LLC purchased a new stake in shares of Alliant Energy during the 2nd quarter worth approximately $41,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Alliant Energy during the 2nd quarter worth approximately $43,000. MRP Capital Investments LLC purchased a new stake in shares of Alliant Energy during the 2nd quarter worth approximately $56,000. Finally, Creekmur Asset Management LLC purchased a new stake in shares of Alliant Energy during the 4th quarter worth approximately $65,000. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Trading Down 0.6 %

LNT traded down $0.38 during trading on Friday, hitting $60.19. The company’s stock had a trading volume of 935,730 shares, compared to its average volume of 1,606,611. The firm’s 50 day moving average price is $58.25 and its 200-day moving average price is $53.34. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.65 and a quick ratio of 0.48. The stock has a market cap of $15.44 billion, a PE ratio of 21.89, a PEG ratio of 2.90 and a beta of 0.58. Alliant Energy Co. has a twelve month low of $46.73 and a twelve month high of $61.09.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.07). The business had revenue of $894.00 million during the quarter, compared to analyst estimates of $897.03 million. Alliant Energy had a net margin of 15.77% and a return on equity of 10.23%. The company’s revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.64 earnings per share. On average, analysts expect that Alliant Energy Co. will post 3.05 earnings per share for the current year.

Alliant Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were issued a $0.48 dividend. The ex-dividend date was Wednesday, July 31st. This represents a $1.92 annualized dividend and a yield of 3.19%. Alliant Energy’s dividend payout ratio (DPR) is presently 69.82%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Barclays boosted their price target on Alliant Energy from $52.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 11th. Scotiabank boosted their price target on Alliant Energy from $58.00 to $64.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Jefferies Financial Group assumed coverage on Alliant Energy in a research note on Thursday, September 19th. They set a “hold” rating and a $67.00 price target on the stock. Wells Fargo & Company boosted their price target on Alliant Energy from $56.00 to $62.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, LADENBURG THALM/SH SH raised Alliant Energy from a “neutral” rating to a “buy” rating and upped their target price for the company from $50.00 to $62.50 in a research note on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Alliant Energy presently has an average rating of “Hold” and an average target price of $60.25.

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.