12,252 Shares in Alliant Energy Co. (NASDAQ:LNT) Acquired by Marino Stram & Associates LLC

Marino Stram & Associates LLC bought a new stake in shares of Alliant Energy Co. (NASDAQ:LNT) in the 3rd quarter, HoldingsChannel.com reports. The fund bought 12,252 shares of the company’s stock, valued at approximately $686,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Compagnie Lombard Odier SCmA acquired a new position in Alliant Energy in the second quarter valued at approximately $25,000. Dark Forest Capital Management LP acquired a new position in shares of Alliant Energy in the 2nd quarter valued at about $26,000. Eagle Bay Advisors LLC purchased a new stake in shares of Alliant Energy during the 2nd quarter valued at about $28,000. Selective Wealth Management Inc. purchased a new stake in Alliant Energy during the 2nd quarter worth approximately $36,000. Finally, AGF Investments LLC bought a new stake in shares of Alliant Energy in the 2nd quarter valued at approximately $36,000. 75.78% of the stock is owned by institutional investors.

Shares of LNT opened at $57.62 on Thursday. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $14.42 billion, a P/E ratio of 22.77, a price-to-earnings-growth ratio of 3.55 and a beta of 0.38. The firm’s fifty day simple moving average is $56.45 and its two-hundred day simple moving average is $57.87. Alliant Energy Co. has a 12 month low of $45.99 and a 12 month high of $62.35.

Alliant Energy (NASDAQ:LNT) last posted its earnings results on Thursday, November 4th. The company reported $1.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.06. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $895.37 million. Alliant Energy had a net margin of 18.12% and a return on equity of 11.01%. The firm’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.98 EPS. As a group, research analysts predict that Alliant Energy Co. will post 2.64 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 15th. Shareholders of record on Monday, November 1st were paid a $0.4025 dividend. The ex-dividend date of this dividend was Friday, October 29th. This represents a $1.61 annualized dividend and a yield of 2.79%. Alliant Energy’s dividend payout ratio (DPR) is 63.64%.

Several analysts have recently weighed in on LNT shares. Wells Fargo & Company lowered Alliant Energy from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $61.56 to $66.00 in a report on Tuesday, August 17th. Guggenheim downgraded Alliant Energy from a “buy” rating to a “neutral” rating in a research note on Tuesday, September 7th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $60.00.

Alliant Energy Company Profile

Alliant Energy Corp. is a regulated investor-owned public utility holding company that engages in the provision of regulated electricity and natural gas service to natural gas customers in the Midwest through its two public utility subsidiaries. It operates its business through following segments: utility electric operations, utility gas operations; and utility other.

Further Reading: Profit margin is different from the revenue

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Institutional Ownership by Quarter for Alliant Energy (NASDAQ:LNT)

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