Sei Investments Co. Trims Position in Alliant Energy Co. (NASDAQ:LNT)

Sei Investments Co. lowered its holdings in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) by 26.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 275,681 shares of the company's stock after selling 99,524 shares during the period. Sei Investments Co. owned approximately 0.11% of Alliant Energy worth $16,304,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of LNT. Larson Financial Group LLC raised its position 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 purchasing an additional 425 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Alliant Energy during the 4th quarter valued at about $29,000. ORG Partners LLC raised its holdings in Alliant Energy by 517.0% in the fourth quarter. ORG Partners LLC now owns 617 shares of the company's stock worth $36,000 after buying an additional 517 shares during the last quarter. WASHINGTON TRUST Co lifted its stake in shares of Alliant Energy by 251.2% in the fourth quarter. WASHINGTON TRUST Co now owns 878 shares of the company's stock worth $52,000 after buying an additional 628 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Alliant Energy during the fourth quarter valued at approximately $53,000. Hedge funds and other institutional investors own 79.90% of the company's stock.

Alliant Energy Stock Performance

Shares of NASDAQ LNT traded up $0.07 during midday trading on Wednesday, hitting $64.49. 1,253,229 shares of the company's stock traded hands, compared to its average volume of 1,565,957. 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 has a market capitalization of $16.55 billion, a price-to-earnings ratio of 23.97, a price-to-earnings-growth ratio of 2.83 and a beta of 0.54. The firm has a fifty day moving average of $61.98 and a 200 day moving average of $60.78. Alliant Energy Co. has a 1 year low of $47.23 and a 1 year high of $66.54.

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Alliant Energy (NASDAQ:LNT - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.02. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. The business had revenue of $976.00 million for the quarter, compared to the consensus estimate of $1.14 billion. On average, analysts forecast that Alliant Energy Co. will post 3.23 earnings per share for the current year.

Alliant Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be given a $0.5075 dividend. This represents a $2.03 dividend on an annualized basis and a yield of 3.15%. Alliant Energy's payout ratio is 75.46%.

Analyst Ratings Changes

Several equities analysts recently issued reports on LNT shares. Guggenheim reaffirmed a "neutral" rating and issued a $57.00 price objective on shares of Alliant Energy in a research report on Monday, February 24th. Scotiabank downgraded Alliant Energy from a "sector outperform" rating to a "sector perform" rating and upped their price target for the company from $64.00 to $67.00 in a report on Thursday, December 12th. UBS Group lifted their price objective on Alliant Energy from $65.00 to $68.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Finally, BMO Capital Markets upped their target price on shares of Alliant Energy from $60.00 to $66.00 and gave the company a "market perform" rating in a research note on Monday, February 24th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $63.55.

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.