Stratos Wealth Partners LTD. Raises Position in Alliant Energy Corporation (NASDAQ:LNT)

Stratos Wealth Partners LTD. grew its position in Alliant Energy Corporation (NASDAQ:LNT) by 7.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 3,919 shares of the company’s stock after buying an additional 261 shares during the period. Stratos Wealth Partners LTD.’s holdings in Alliant Energy were worth $252,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Alpine Bank Wealth Management purchased a new position in shares of Alliant Energy during the first quarter valued at approximately $29,000. TD Private Client Wealth LLC purchased a new stake in Alliant Energy during the first quarter valued at approximately $34,000. Tsfg LLC purchased a new stake in Alliant Energy during the first quarter valued at approximately $34,000. Optiver Holding B.V. increased its holdings in Alliant Energy by 382.5% during the fourth quarter. Optiver Holding B.V. now owns 912 shares of the company’s stock valued at $54,000 after buying an additional 723 shares during the last quarter. Finally, TD Waterhouse Canada Inc. increased its holdings in Alliant Energy by 212.9% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,092 shares of the company’s stock valued at $65,000 after buying an additional 743 shares during the last quarter. 79.90% of the stock is owned by hedge funds and other institutional investors.

Alliant Energy Stock Up 1.6%

Shares of Alliant Energy stock opened at $62.87 on Thursday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.34 and a quick ratio of 0.24. Alliant Energy Corporation has a 1 year low of $54.56 and a 1 year high of $66.54. The firm’s 50-day moving average is $61.32 and its two-hundred day moving average is $61.14. The stock has a market cap of $16.15 billion, a price-to-earnings ratio of 21.68, a PEG ratio of 2.92 and a beta of 0.56.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.12. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Alliant Energy had a net margin of 18.26% and a return on equity of 12.01%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same period last year, the business earned $0.62 EPS. As a group, research analysts expect that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LNT. Barclays lowered shares of Alliant Energy from an “equal weight” rating to an “underweight” rating and upped their price target for the stock from $59.00 to $61.00 in a research report on Tuesday, April 22nd. Wolfe Research upgraded shares of Alliant Energy from a “peer perform” rating to an “outperform” rating and set a $68.00 price target for the company in a research report on Monday, July 7th. UBS Group reiterated a “neutral” rating and issued a $67.00 price target (up from $65.00) on shares of Alliant Energy in a research report on Friday, July 11th. Wall Street Zen upgraded shares of Alliant Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 15th. Finally, Jefferies Financial Group set a $71.00 target price on shares of Alliant Energy and gave the stock a “buy” rating in a research report on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $64.23.

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.