Moors & Cabot Inc. Grows Holdings in Alliant Energy Co. (NASDAQ:LNT)

Moors & Cabot Inc. boosted its position in shares of Alliant Energy Co. (NASDAQ:LNT) by 17.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,975 shares of the company’s stock after acquiring an additional 898 shares during the period. Moors & Cabot Inc.’s holdings in Alliant Energy were worth $363,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in LNT. Janus Henderson Group PLC raised its position in shares of Alliant Energy by 10.3% during the 1st quarter. Janus Henderson Group PLC now owns 10,579,475 shares of the company’s stock valued at $533,205,000 after purchasing an additional 984,963 shares during the period. Point72 Asset Management L.P. purchased a new stake in Alliant Energy in the 2nd quarter worth $42,367,000. Eagle Ridge Investment Management bought a new stake in Alliant Energy during the second quarter valued at about $26,804,000. Millennium Management LLC lifted its position in shares of Alliant Energy by 2,141.3% in the second quarter. Millennium Management LLC now owns 180,402 shares of the company’s stock valued at $9,182,000 after acquiring an additional 172,353 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of Alliant Energy by 200.8% in the first 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. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Price Performance

Shares of LNT stock opened at $63.32 on Friday. The firm has a market capitalization of $16.25 billion, a price-to-earnings ratio of 24.54, a PEG ratio of 3.13 and a beta of 0.58. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86. The stock’s 50-day simple moving average is $60.29 and its 200-day simple moving average is $56.10. Alliant Energy Co. has a fifty-two week low of $46.80 and a fifty-two week high of $63.63.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.05. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. Alliant Energy had a net margin of 16.66% and a return on equity of 10.56%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.05 earnings per share. As a group, equities analysts forecast that Alliant Energy Co. will post 3.04 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend was Thursday, October 31st. Alliant Energy’s dividend payout ratio (DPR) is 74.42%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Barclays lowered their price target on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. LADENBURG THALM/SH SH upgraded shares of Alliant Energy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $50.00 to $62.50 in a research report on Tuesday, August 13th. Scotiabank lifted their price target on shares of Alliant Energy from $58.00 to $64.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Jefferies Financial Group started coverage on shares of Alliant Energy in a report on Thursday, September 19th. They set a “hold” rating and a $67.00 price objective for the company. Finally, Wells Fargo & Company reduced their target price on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Alliant Energy has an average rating of “Hold” and a consensus price target of $63.06.

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.