Alliant Energy Co. (NASDAQ:LNT) Shares Sold by Ieq Capital LLC

Ieq Capital LLC lowered its position in Alliant Energy Co. (NASDAQ:LNT - Free Report) by 67.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,712 shares of the company's stock after selling 7,623 shares during the quarter. Ieq Capital LLC's holdings in Alliant Energy were worth $220,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Janus Henderson Group PLC raised its position in shares of Alliant Energy by 0.6% in the 3rd quarter. Janus Henderson Group PLC now owns 10,691,172 shares of the company's stock worth $648,847,000 after acquiring an additional 65,110 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Alliant Energy by 1.4% during the third quarter. Geode Capital Management LLC now owns 6,593,166 shares of the company's stock worth $398,880,000 after purchasing an additional 92,525 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Alliant Energy by 8.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,512,770 shares of the company's stock worth $395,260,000 after acquiring an additional 512,429 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Alliant Energy by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,216,475 shares of the company's stock worth $134,518,000 after acquiring an additional 14,225 shares during the period. Finally, Point72 Asset Management L.P. lifted its stake in shares of Alliant Energy by 92.7% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,604,272 shares of the company's stock valued at $97,363,000 after purchasing an additional 771,919 shares during the period. Hedge funds and other institutional investors own 79.90% of the company's stock.

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Alliant Energy Price Performance

Alliant Energy stock traded down $0.82 during midday trading on Wednesday, reaching $63.44. The company's stock had a trading volume of 2,091,357 shares, compared to its average volume of 1,774,758. 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 fifty-two week low of $47.23 and a fifty-two week high of $66.54. The firm has a market capitalization of $16.28 billion, a PE ratio of 23.58, a P/E/G ratio of 2.83 and a beta of 0.54. The stock's 50 day simple moving average is $60.25 and its 200 day simple moving average is $60.12.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.70 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.14 billion. On average, equities research analysts forecast that Alliant Energy Co. will post 3.23 earnings per share for the current year.

Alliant Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st were issued a dividend of $0.5075 per share. This represents a $2.03 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date was Friday, January 31st. This is a boost from Alliant Energy's previous quarterly dividend of $0.48. Alliant Energy's dividend payout ratio is 75.46%.

Analysts Set New Price Targets

LNT has been the topic of a number of research reports. Guggenheim reaffirmed a "neutral" rating and issued a $57.00 price target on shares of Alliant Energy in a research note on Monday, February 24th. Barclays reduced 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 research report on Wednesday, November 6th. BMO Capital Markets increased their price target on Alliant Energy from $60.00 to $66.00 and gave the stock a "market perform" rating in a report on Monday, February 24th. Finally, Scotiabank downgraded shares of Alliant Energy from a "sector outperform" rating to a "sector perform" rating and boosted their price target for the company from $64.00 to $67.00 in a research note on Thursday, December 12th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $63.25.

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.