Allworth Financial LP Sells 546 Shares of Alliant Energy Co. (NASDAQ:LNT)

Allworth Financial LP lessened its holdings in Alliant Energy Co. (NASDAQ:LNT) by 54.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 461 shares of the company’s stock after selling 546 shares during the quarter. Allworth Financial LP’s holdings in Alliant Energy were worth $27,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Larson Financial Group LLC lifted its holdings in shares of Alliant Energy by 7,083.3% in the 3rd quarter. Larson Financial Group LLC now owns 431 shares of the company’s stock worth $26,000 after buying an additional 425 shares during the period. JNBA Financial Advisors purchased a new stake in shares of Alliant Energy in the 3rd quarter worth $31,000. ORG Partners LLC lifted its holdings in shares of Alliant Energy by 517.0% in the 4th quarter. ORG Partners LLC now owns 617 shares of the company’s stock worth $36,000 after buying an additional 517 shares during the period. WASHINGTON TRUST Co lifted its holdings in shares of Alliant Energy by 251.2% in the 4th quarter. WASHINGTON TRUST Co now owns 878 shares of the company’s stock worth $52,000 after buying an additional 628 shares during the period. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Alliant Energy in the 4th quarter worth $53,000. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Trading Up 0.4 %

Alliant Energy stock opened at $63.98 on Thursday. The stock has a 50-day moving average of $59.72 and a two-hundred day moving average of $59.85. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86. Alliant Energy Co. has a one year low of $46.80 and a one year high of $64.19. The stock has a market cap of $16.42 billion, a PE ratio of 23.78, a price-to-earnings-growth ratio of 2.83 and a beta of 0.60.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. The company had revenue of $976.00 million during the quarter, compared to analysts’ expectations of $1.14 billion. On average, research analysts anticipate that Alliant Energy Co. will post 3.23 EPS for the current fiscal year.

Alliant Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st were issued a $0.5075 dividend. The ex-dividend date was Friday, January 31st. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.48. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.17%. Alliant Energy’s dividend payout ratio is currently 75.46%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Wells Fargo & Company lowered their target price on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, November 4th. BMO Capital Markets upped their price objective on Alliant Energy from $60.00 to $66.00 and gave the stock a “market perform” rating in a research note on Monday. Barclays decreased their price objective on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. Scotiabank cut Alliant Energy from a “sector outperform” rating to a “sector perform” rating and upped their price objective for the stock from $64.00 to $67.00 in a research note on Thursday, December 12th. Finally, Guggenheim restated a “neutral” rating and set a $57.00 price objective on shares of Alliant Energy in a research note on Monday. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $63.25.

Alliant Energy Company 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.