Creative Planning Has $1.34 Million Position in Alliant Energy Co. (LNT)

Creative Planning cut its position in Alliant Energy Co. (NYSE:LNT) by 14.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,624 shares of the utilities provider’s stock after selling 5,404 shares during the quarter. Creative Planning’s holdings in Alliant Energy were worth $1,338,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Federated Investors Inc. PA acquired a new stake in shares of Alliant Energy in the 1st quarter worth $200,000. Reliance Trust Co. of Delaware acquired a new stake in shares of Alliant Energy in the 2nd quarter worth $202,000. IBM Retirement Fund purchased a new position in shares of Alliant Energy during the 1st quarter worth $208,000. Commerzbank Aktiengesellschaft FI purchased a new position in shares of Alliant Energy during the 1st quarter worth $214,000. Finally, Zeke Capital Advisors LLC purchased a new position in shares of Alliant Energy during the 1st quarter worth $224,000. Institutional investors and hedge funds own 72.52% of the company’s stock.

Shares of Alliant Energy opened at $42.72 on Friday, according to Marketbeat Ratings. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.25 and a current ratio of 0.64. The company has a market cap of $10.00 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 3.65 and a beta of 0.29. Alliant Energy Co. has a 52-week low of $36.84 and a 52-week high of $45.55.

Alliant Energy (NYSE:LNT) last announced its quarterly earnings results on Thursday, August 2nd. The utilities provider reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.02). The company had revenue of $816.10 million for the quarter, compared to analyst estimates of $789.73 million. Alliant Energy had a return on equity of 11.35% and a net margin of 14.14%. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 earnings per share. equities research analysts predict that Alliant Energy Co. will post 2.13 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 15th. Stockholders of record on Tuesday, July 31st will be given a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend is Monday, July 30th. Alliant Energy’s payout ratio is 69.43%.

A number of equities analysts have recently weighed in on the company. UBS Group increased their price target on Alliant Energy from $43.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday. Zacks Investment Research cut Alliant Energy from a “buy” rating to a “hold” rating in a report on Friday. Howard Weil began coverage on Alliant Energy in a research note on Tuesday, July 24th. They issued a “sector perform” rating and a $44.00 price objective for the company. Finally, ValuEngine lowered Alliant Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, May 8th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $44.67.

About Alliant Energy

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the Midwest region of the United States. It operates through three segments: Electric, Gas, and 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 (NYSE:LNT)

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