Raymond James Financial Services Advisors Inc. Lowers Holdings in Alliant Energy Co. (NASDAQ:LNT)

Raymond James Financial Services Advisors Inc. decreased its holdings in Alliant Energy Co. (NASDAQ:LNTGet Rating) by 0.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 76,160 shares of the company’s stock after selling 365 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Alliant Energy were worth $4,036,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in LNT. Great West Life Assurance Co. Can lifted its stake in Alliant Energy by 3.0% in the first quarter. Great West Life Assurance Co. Can now owns 117,612 shares of the company’s stock worth $7,714,000 after acquiring an additional 3,451 shares during the last quarter. Prudential PLC purchased a new position in Alliant Energy in the first quarter worth approximately $427,000. National Pension Service lifted its stake in Alliant Energy by 11,488.8% in the first quarter. National Pension Service now owns 371,883 shares of the company’s stock worth $23,235,000 after acquiring an additional 368,674 shares during the last quarter. Vanguard Group Inc. lifted its stake in Alliant Energy by 1.1% in the first quarter. Vanguard Group Inc. now owns 31,030,199 shares of the company’s stock worth $1,938,766,000 after acquiring an additional 342,340 shares during the last quarter. Finally, Covestor Ltd lifted its stake in Alliant Energy by 67.2% in the first quarter. Covestor Ltd now owns 1,988 shares of the company’s stock worth $124,000 after acquiring an additional 799 shares during the last quarter. Hedge funds and other institutional investors own 75.89% of the company’s stock.

Wall Street Analyst Weigh In

LNT has been the subject of a number of recent research reports. UBS Group lifted their price target on shares of Alliant Energy to $58.00 in a research note on Monday, November 21st. Mizuho cut shares of Alliant Energy from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $64.00 to $55.00 in a report on Monday. Wells Fargo & Company raised their price objective on shares of Alliant Energy from $57.00 to $63.00 in a report on Wednesday, December 14th. StockNews.com started coverage on shares of Alliant Energy in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, BMO Capital Markets raised their price objective on shares of Alliant Energy from $53.00 to $55.00 and gave the stock a “market perform” rating in a report on Wednesday, November 9th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Alliant Energy presently has a consensus rating of “Hold” and a consensus target price of $59.00.

Alliant Energy Stock Performance

Shares of LNT opened at $55.80 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.58 and a current ratio of 0.70. The stock has a market capitalization of $14.01 billion, a P/E ratio of 21.06, a P/E/G ratio of 3.23 and a beta of 0.52. The company’s fifty day moving average is $55.01 and its two-hundred day moving average is $56.28. Alliant Energy Co. has a 1 year low of $47.19 and a 1 year high of $65.37.

Alliant Energy (NASDAQ:LNTGet Rating) last announced its quarterly earnings data on Monday, November 7th. The company reported $0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.11). The firm had revenue of $1.14 billion during the quarter. Alliant Energy had a net margin of 16.52% and a return on equity of 11.12%. On average, sell-side analysts predict that Alliant Energy Co. will post 2.79 earnings per share for the current year.

Alliant Energy Company Profile

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Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services. It operates through 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.

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

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