Arvest Investments Inc. Has $1.64 Million Stock Position in Alliant Energy Co. (NASDAQ:LNT)

Arvest Investments Inc. lowered its stake in Alliant Energy Co. (NASDAQ:LNT) by 11.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,091 shares of the company’s stock after selling 3,559 shares during the period. Arvest Investments Inc.’s holdings in Alliant Energy were worth $1,644,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in LNT. Janus Henderson Group PLC lifted its holdings in shares of Alliant Energy by 10.3% during the first quarter. Janus Henderson Group PLC now owns 10,579,475 shares of the company’s stock worth $533,205,000 after purchasing an additional 984,963 shares during the period. Johnson Investment Counsel Inc. lifted its holdings in shares of Alliant Energy by 1.7% during the second quarter. Johnson Investment Counsel Inc. now owns 1,756,533 shares of the company’s stock worth $89,408,000 after purchasing an additional 29,358 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Alliant Energy by 9.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,293,966 shares of the company’s stock worth $65,865,000 after purchasing an additional 116,399 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Alliant Energy by 9.4% during the third quarter. Principal Financial Group Inc. now owns 1,183,765 shares of the company’s stock worth $71,839,000 after purchasing an additional 101,387 shares during the period. Finally, Anchor Capital Advisors LLC lifted its holdings in shares of Alliant Energy by 6.0% during the second quarter. Anchor Capital Advisors LLC now owns 964,337 shares of the company’s stock worth $49,085,000 after purchasing an additional 54,510 shares during the period. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Stock Up 2.7 %

LNT traded up $1.51 during midday trading on Friday, hitting $57.75. The company had a trading volume of 2,340,475 shares, compared to its average volume of 1,680,629. Alliant Energy Co. has a 52 week low of $46.80 and a 52 week high of $62.49. The company has a quick ratio of 0.48, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $14.82 billion, a price-to-earnings ratio of 22.38, a PEG ratio of 2.78 and a beta of 0.58. The stock’s 50 day moving average price is $59.82 and its 200 day moving average price is $55.33.

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

Alliant Energy Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on LNT shares. Barclays cut their price target on shares of Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating on the stock in a report on Wednesday. LADENBURG THALM/SH SH raised shares of Alliant Energy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $50.00 to $62.50 in a research note on Tuesday, August 13th. Scotiabank lifted their target price on shares of Alliant Energy from $58.00 to $64.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Wells Fargo & Company lowered their target price on shares of Alliant Energy from $66.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Finally, Mizuho lifted their target price on shares of Alliant Energy from $52.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, October 4th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $63.06.

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.