Alliant Energy Co. (NASDAQ:LNT) Shares Sold by International Private Wealth Advisors LLC

International Private Wealth Advisors LLC reduced its stake in shares of Alliant Energy Co. (NASDAQ:LNT) by 6.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,316 shares of the company’s stock after selling 351 shares during the period. International Private Wealth Advisors LLC’s holdings in Alliant Energy were worth $323,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in LNT. Northwest Investment Counselors LLC acquired a new position in shares of Alliant Energy in the 3rd quarter valued at about $28,000. Eastern Bank acquired a new position in shares of Alliant Energy in the 3rd quarter valued at about $30,000. JNBA Financial Advisors acquired a new position in shares of Alliant Energy in the 3rd quarter valued at about $31,000. Kimelman & Baird LLC acquired a new position in shares of Alliant Energy in the 2nd quarter valued at about $41,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Alliant Energy in the 2nd quarter valued at about $43,000. 79.90% of the stock is owned by institutional investors and hedge funds.

Alliant Energy Price Performance

Shares of LNT stock traded down $0.52 during midday trading on Thursday, reaching $59.62. 100,352 shares of the company were exchanged, compared to its average volume of 1,618,280. Alliant Energy Co. has a 12 month low of $46.80 and a 12 month high of $62.49. The company has a market cap of $15.30 billion, a P/E ratio of 23.31, a PEG ratio of 2.89 and a beta of 0.58. The company’s 50 day moving average price is $59.90 and its two-hundred day moving average price is $55.54. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86.

Alliant Energy (NASDAQ:LNT) last released its earnings results on Thursday, October 31st. The company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.05. Alliant Energy had a net margin of 16.66% and a return on equity of 10.56%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the firm earned $1.05 EPS. The business’s revenue for the quarter was up .4% on a year-over-year basis. On average, sell-side analysts expect that Alliant Energy Co. will post 3.04 earnings per share for the current year.

Alliant Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a $0.48 dividend. The ex-dividend date is Thursday, October 31st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.22%. Alliant Energy’s payout ratio is currently 74.42%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Scotiabank boosted their target price on shares of Alliant Energy from $58.00 to $64.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Barclays reduced their target price on shares of 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. Jefferies Financial Group assumed coverage on shares of Alliant Energy in a research note on Thursday, September 19th. They set a “hold” rating and a $67.00 target price for the company. Wells Fargo & Company reduced their target price on shares of Alliant Energy from $66.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Finally, Bank of America boosted their target price on shares of Alliant Energy from $62.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $63.06.

About Alliant Energy

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.