Farther Finance Advisors LLC Purchases 855 Shares of Alliant Energy Co. (NASDAQ:LNT)

Farther Finance Advisors LLC grew its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 47.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,652 shares of the company’s stock after purchasing an additional 855 shares during the period. Farther Finance Advisors LLC’s holdings in Alliant Energy were worth $161,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LNT. Intech Investment Management LLC lifted its position in Alliant Energy by 604.0% during the first quarter. Intech Investment Management LLC now owns 72,768 shares of the company’s stock worth $3,668,000 after purchasing an additional 62,431 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Alliant Energy by 200.8% during the 1st quarter. Cetera Investment Advisers now owns 215,821 shares of the company’s stock worth $10,877,000 after acquiring an additional 144,077 shares during the period. Forsta AP Fonden boosted its position in shares of Alliant Energy by 36.3% during the 1st quarter. Forsta AP Fonden now owns 70,600 shares of the company’s stock worth $3,558,000 after acquiring an additional 18,800 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in Alliant Energy by 105.5% in the first quarter. Ameritas Investment Partners Inc. now owns 33,166 shares of the company’s stock valued at $1,672,000 after acquiring an additional 17,030 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its position in Alliant Energy by 28.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 44,537 shares of the company’s stock valued at $2,245,000 after purchasing an additional 9,977 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on LNT. Scotiabank lifted their price target on Alliant Energy from $58.00 to $64.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Bank of America raised their price objective on Alliant Energy from $62.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Wells Fargo & Company lowered their target price on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. 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 price target on the stock. Finally, Mizuho upped their price objective on shares of Alliant Energy from $52.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, October 4th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $63.06.

Alliant Energy Stock Performance

Alliant Energy stock opened at $57.75 on Monday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.48. Alliant Energy Co. has a 1 year low of $46.80 and a 1 year high of $62.49. The company has a market capitalization of $14.82 billion, a P/E ratio of 22.38, a P/E/G ratio of 2.78 and a beta of 0.58. The business has a 50 day moving average of $59.82 and a 200-day moving average of $55.37.

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

Alliant Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.92 dividend on an annualized basis and a yield of 3.32%. Alliant Energy’s payout ratio is currently 74.42%.

Alliant Energy 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.