80,272 Shares in Alliant Energy Co. (LNT) Acquired by Capital Investment Advisors LLC

Capital Investment Advisors LLC acquired a new stake in shares of Alliant Energy Co. (NYSE:LNT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 80,272 shares of the utilities provider’s stock, valued at approximately $3,420,000.

A number of other institutional investors have also recently made changes to their positions in LNT. Janus Henderson Group PLC lifted its position in Alliant Energy by 11,520.8% during the second quarter. Janus Henderson Group PLC now owns 3,638,001 shares of the utilities provider’s stock valued at $146,138,000 after buying an additional 3,606,695 shares during the period. Boston Partners lifted its position in Alliant Energy by 57.8% during the third quarter. Boston Partners now owns 5,497,184 shares of the utilities provider’s stock valued at $228,517,000 after buying an additional 2,012,490 shares during the period. Duff & Phelps Investment Management Co. lifted its position in Alliant Energy by 27.3% during the third quarter. Duff & Phelps Investment Management Co. now owns 3,373,240 shares of the utilities provider’s stock valued at $140,226,000 after buying an additional 723,500 shares during the period. Vanguard Group Inc. raised its position in shares of Alliant Energy by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 23,675,021 shares of the utilities provider’s stock worth $951,025,000 after purchasing an additional 580,804 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Alliant Energy by 1,039.9% in the 2nd quarter. Renaissance Technologies LLC now owns 500,400 shares of the utilities provider’s stock worth $20,101,000 after purchasing an additional 456,500 shares during the last quarter. 68.50% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently issued reports on the company. Bank of America assumed coverage on Alliant Energy in a research report on Tuesday, October 24th. They issued a “neutral” rating and a $45.00 price target for the company. Zacks Investment Research lowered Alliant Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. Wells Fargo & Co lowered Alliant Energy from an “outperform” rating to a “market perform” rating in a research report on Monday, December 18th. Finally, Guggenheim reaffirmed a “hold” rating and issued a $43.00 price target on shares of Alliant Energy in a research report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $42.17.

Alliant Energy Co. (NYSE LNT) opened at $40.06 on Thursday. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.51 and a quick ratio of 0.36. The stock has a market capitalization of $9,260.00, a PE ratio of 21.65, a PEG ratio of 2.92 and a beta of 0.47. Alliant Energy Co. has a 52-week low of $36.56 and a 52-week high of $45.55.

Alliant Energy (NYSE:LNT) last posted its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.13). The company had revenue of $907.00 million during the quarter, compared to analysts’ expectations of $1.23 billion. Alliant Energy had a return on equity of 11.02% and a net margin of 13.13%. Alliant Energy’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 EPS. research analysts expect that Alliant Energy Co. will post 1.96 earnings per share for the current year.

Alliant Energy announced that its board has approved a stock repurchase program on Monday, January 15th that allows the company to repurchase shares. This repurchase authorization allows the utilities provider to purchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be issued a $0.335 dividend. This represents a $1.34 annualized dividend and a yield of 3.34%. This is an increase from Alliant Energy’s previous quarterly dividend of $0.32. The ex-dividend date is Tuesday, January 30th. Alliant Energy’s dividend payout ratio (DPR) is presently 68.11%.

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Alliant Energy Profile

Alliant Energy Corporation operates as a regulated investor-owned public utility holding company. The Company’s segments include Utility and Non-regulated, Parent and Other. The Utility segment includes the operations of Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL), which serve retail customers in Iowa and Wisconsin.

Institutional Ownership by Quarter for Alliant Energy (NYSE:LNT)

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