CWS Financial Advisors LLC Purchases Shares of 3,918 Alliant Energy Co. (NASDAQ:LNT)

CWS Financial Advisors LLC purchased a new stake in Alliant Energy Co. (NASDAQ:LNT) in the 3rd quarter, according to its most recent filing with the SEC. The fund purchased 3,918 shares of the company’s stock, valued at approximately $238,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Larson Financial Group LLC increased its holdings in shares of Alliant Energy by 7,083.3% during the 3rd quarter. Larson Financial Group LLC now owns 431 shares of the company’s stock worth $26,000 after buying an additional 425 shares during the last quarter. Northwest Investment Counselors LLC purchased a new stake in Alliant Energy during the 3rd quarter worth $28,000. Eastern Bank purchased a new stake in Alliant Energy during the 3rd quarter worth $30,000. JNBA Financial Advisors purchased a new stake in Alliant Energy during the 3rd quarter worth $31,000. Finally, Kimelman & Baird LLC purchased a new stake in Alliant Energy during the 2nd quarter worth $41,000. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Scotiabank upped their price objective on shares of Alliant Energy from $58.00 to $64.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. LADENBURG THALM/SH SH upgraded shares of 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. Jefferies Financial Group began coverage on shares of Alliant Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $67.00 target price on the stock. Barclays cut their target price on shares of Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 6th. Finally, Mizuho increased their price objective on shares of Alliant Energy from $52.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, October 4th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Alliant Energy currently has a consensus rating of “Hold” and a consensus price target of $63.06.

Alliant Energy Price Performance

Shares of NASDAQ:LNT opened at $63.59 on Friday. The firm’s 50 day moving average is $60.55 and its two-hundred day moving average is $56.41. Alliant Energy Co. has a 52 week low of $46.80 and a 52 week high of $64.19. The firm has a market capitalization of $16.32 billion, a P/E ratio of 24.65, a PEG ratio of 3.14 and a beta of 0.58. 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 posted its quarterly earnings data 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 business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Alliant Energy had a net margin of 16.66% and a return on equity of 10.56%. The business’s revenue was up .4% on a year-over-year basis. During the same period last year, the firm posted $1.05 earnings per share. Analysts anticipate that Alliant Energy Co. will post 3.04 earnings per share for the current year.

Alliant Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend 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.