Jones Financial Companies Lllp Has $6.31 Million Holdings in Alliant Energy Corporation $LNT

Jones Financial Companies Lllp lifted its holdings in shares of Alliant Energy Corporation (NASDAQ:LNT) by 12.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,399 shares of the company’s stock after buying an additional 10,265 shares during the quarter. Jones Financial Companies Lllp’s holdings in Alliant Energy were worth $6,313,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Rossby Financial LCC bought a new stake in shares of Alliant Energy during the 2nd quarter valued at $29,000. Country Trust Bank bought a new position in shares of Alliant Energy in the 2nd quarter worth $30,000. First Horizon Advisors Inc. grew its stake in shares of Alliant Energy by 84.9% during the second quarter. First Horizon Advisors Inc. now owns 516 shares of the company’s stock worth $31,000 after purchasing an additional 237 shares during the period. Capital A Wealth Management LLC increased its holdings in Alliant Energy by 5,709.1% in the second quarter. Capital A Wealth Management LLC now owns 639 shares of the company’s stock valued at $39,000 after purchasing an additional 628 shares during the last quarter. Finally, CYBER HORNET ETFs LLC bought a new stake in Alliant Energy in the second quarter valued at about $40,000. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on LNT shares. Wall Street Zen downgraded shares of Alliant Energy from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. HSBC upgraded shares of Alliant Energy from a “hold” rating to a “buy” rating in a report on Wednesday, January 21st. Jefferies Financial Group reissued a “buy” rating and issued a $78.00 price target on shares of Alliant Energy in a report on Monday, November 24th. Argus reaffirmed a “hold” rating on shares of Alliant Energy in a research note on Friday, January 9th. Finally, Wells Fargo & Company assumed coverage on Alliant Energy in a report on Tuesday, January 20th. They issued an “overweight” rating and a $71.00 price target for the company. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $71.13.

Alliant Energy Stock Performance

Shares of LNT opened at $66.83 on Friday. The stock has a market capitalization of $17.18 billion, a price-to-earnings ratio of 21.02, a PEG ratio of 2.72 and a beta of 0.67. Alliant Energy Corporation has a 12 month low of $57.09 and a 12 month high of $69.75. The firm has a fifty day simple moving average of $65.94 and a 200 day simple moving average of $66.20. The company has a current ratio of 0.83, a quick ratio of 0.70 and a debt-to-equity ratio of 1.46.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Thursday, November 6th. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.05). The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.34 billion. Alliant Energy had a return on equity of 12.02% and a net margin of 19.14%.The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period last year, the firm earned $1.15 earnings per share. Research analysts forecast that Alliant Energy Corporation will post 3.23 EPS for the current fiscal year.

Alliant Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Friday, January 30th will be paid a $0.535 dividend. This is a boost from Alliant Energy’s previous quarterly dividend of $0.51. This represents a $2.14 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, January 30th. Alliant Energy’s dividend payout ratio (DPR) is 67.30%.

Alliant Energy Company Profile

Alliant Energy Corporation (NASDAQ: LNT) is a publicly traded energy holding company headquartered in Madison, Wisconsin, that provides regulated electric and natural gas utility services in the American Midwest. The company serves customers primarily in Wisconsin and Iowa through its regulated utility subsidiaries and operates as an integrated provider responsible for generation, transmission and distribution of energy to residential, commercial and industrial customers.

Alliant Energy’s core activities include operating and maintaining electric generation assets, managing the regional transmission and distribution network, and delivering natural gas service to its franchise territories.