Brown Advisory Inc. grew its stake in Alliant Energy Co. (NYSE:LNT) by 2.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,768 shares of the utilities provider’s stock after acquiring an additional 1,553 shares during the quarter. Brown Advisory Inc.’s holdings in Alliant Energy were worth $2,927,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of LNT. Piedmont Investment Advisors LLC purchased a new position in shares of Alliant Energy during the 2nd quarter worth $115,000. Twin Tree Management LP purchased a new position in shares of Alliant Energy during the 3rd quarter worth $118,000. Cerebellum GP LLC purchased a new position in shares of Alliant Energy during the 3rd quarter worth $178,000. First Heartland Consultants Inc. purchased a new position in shares of Alliant Energy during the 2nd quarter worth $200,000. Finally, Iberiabank Corp purchased a new position in shares of Alliant Energy during the 3rd quarter worth $204,000. 71.43% of the stock is owned by institutional investors and hedge funds.

In other news, Director Deborah B. Dunie bought 1,250 shares of the stock in a transaction that occurred on Thursday, September 13th. The stock was bought at an average cost of $43.80 per share, for a total transaction of $54,750.00. Following the acquisition, the director now directly owns 12,300 shares of the company’s stock, valued at approximately $538,740. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.25% of the company’s stock.

A number of research firms have recently weighed in on LNT. Mizuho reiterated a “hold” rating and set a $44.50 price target on shares of Alliant Energy in a report on Thursday, November 29th. Bank of America cut Alliant Energy from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 21st. ValuEngine upgraded Alliant Energy from a “hold” rating to a “buy” rating in a report on Wednesday, November 21st. Wells Fargo & Co increased their price target on Alliant Energy from $47.00 to $48.00 and gave the stock a “market perform” rating in a report on Thursday, November 8th. Finally, Wolfe Research cut Alliant Energy from a “peer perform” rating to an “underperform” rating in a report on Monday, August 13th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. Alliant Energy currently has an average rating of “Hold” and a consensus target price of $45.42.

NYSE LNT opened at $45.84 on Friday. The firm has a market cap of $10.89 billion, a PE ratio of 23.75, a price-to-earnings-growth ratio of 3.61 and a beta of 0.18. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.73 and a quick ratio of 0.59. Alliant Energy Co. has a twelve month low of $36.84 and a twelve month high of $46.58.

Alliant Energy (NYSE:LNT) last announced its earnings results on Tuesday, November 6th. The utilities provider reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. Alliant Energy had a return on equity of 11.69% and a net margin of 15.09%. The company had revenue of $928.60 million during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period last year, the business posted $0.75 EPS. Alliant Energy’s revenue for the quarter was up 2.4% on a year-over-year basis. As a group, equities analysts expect that Alliant Energy Co. will post 2.15 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Wednesday, October 31st were issued a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date was Tuesday, October 30th. Alliant Energy’s dividend payout ratio (DPR) is 69.43%.

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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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