Avantax Advisory Services Inc. Increases Stock Position in Alliant Energy Co. (NASDAQ:LNT)

Avantax Advisory Services Inc. raised its position in shares of Alliant Energy Co. (NASDAQ:LNTGet Rating) by 15.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,221 shares of the company’s stock after buying an additional 2,297 shares during the period. Avantax Advisory Services Inc.’s holdings in Alliant Energy were worth $913,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. James Investment Research Inc. bought a new position in Alliant Energy in the 3rd quarter worth $25,000. Vectors Research Management LLC increased its stake in shares of Alliant Energy by 477.4% in the 2nd quarter. Vectors Research Management LLC now owns 485 shares of the company’s stock worth $28,000 after acquiring an additional 401 shares in the last quarter. Clear Street Markets LLC increased its stake in shares of Alliant Energy by 408.7% in the 2nd quarter. Clear Street Markets LLC now owns 524 shares of the company’s stock worth $31,000 after acquiring an additional 421 shares in the last quarter. Rise Advisors LLC bought a new position in shares of Alliant Energy in the 2nd quarter worth about $31,000. Finally, Charter Oak Capital Management LLC bought a new position in shares of Alliant Energy in the 2nd quarter worth about $33,000. Hedge funds and other institutional investors own 75.89% of the company’s stock.

Alliant Energy Stock Performance

LNT opened at $53.89 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.58 and a debt-to-equity ratio of 1.21. The company has a market cap of $13.53 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 3.18 and a beta of 0.52. The company’s 50 day moving average is $55.15 and its 200 day moving average is $55.94. Alliant Energy Co. has a 12-month low of $47.19 and a 12-month high of $65.37.

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LNT. UBS Group increased their price target on shares of Alliant Energy to $58.00 in a research note on Monday, November 21st. StockNews.com initiated coverage on shares of Alliant Energy in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Mizuho lowered shares of Alliant Energy from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $64.00 to $55.00 in a research note on Monday, January 9th. Bank of America lowered shares of Alliant Energy from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $57.00 to $56.00 in a research note on Wednesday, December 7th. Finally, BMO Capital Markets raised their price objective on shares of Alliant Energy from $53.00 to $55.00 and gave the company a “market perform” rating in a research note on Wednesday, November 9th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $59.00.

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.

See Also

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

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