Prudential Financial Inc. Sells 21,584 Shares of Alliant Energy Co. (NASDAQ:LNT)

Prudential Financial Inc. lowered its holdings in Alliant Energy Co. (NASDAQ:LNT - Free Report) by 13.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 136,384 shares of the company's stock after selling 21,584 shares during the quarter. Prudential Financial Inc. owned 0.05% of Alliant Energy worth $8,066,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Larson Financial Group LLC grew its stake 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 valued at $26,000 after purchasing an additional 425 shares during the period. SBI Securities Co. Ltd. bought a new stake in Alliant Energy in the fourth quarter valued at $29,000. ORG Partners LLC raised its stake in Alliant Energy by 517.0% during the fourth quarter. ORG Partners LLC now owns 617 shares of the company's stock worth $36,000 after acquiring an additional 517 shares in the last quarter. WASHINGTON TRUST Co lifted its holdings in shares of Alliant Energy by 251.2% during the fourth quarter. WASHINGTON TRUST Co now owns 878 shares of the company's stock valued at $52,000 after acquiring an additional 628 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Alliant Energy in the 4th quarter valued at $53,000. Institutional investors and hedge funds own 79.90% of the company's stock.

Alliant Energy Trading Up 0.6 %

Shares of LNT stock traded up $0.36 on Thursday, reaching $64.85. The company had a trading volume of 1,924,037 shares, compared to its average volume of 1,568,372. The company has a 50-day moving average of $62.11 and a 200-day moving average of $60.81. Alliant Energy Co. has a 12 month low of $47.23 and a 12 month high of $66.54. The stock has a market cap of $16.65 billion, a PE ratio of 24.11, a PEG ratio of 2.83 and a beta of 0.54. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33.

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

Alliant Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be issued a $0.5075 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $2.03 annualized dividend and a dividend yield of 3.13%. Alliant Energy's dividend payout ratio (DPR) is currently 75.46%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Guggenheim reiterated a "neutral" rating and set a $57.00 target price on shares of Alliant Energy in a research report on Monday, February 24th. Scotiabank cut shares of Alliant Energy from a "sector outperform" rating to a "sector perform" rating and lifted their target price for the company from $64.00 to $67.00 in a research note on Thursday, December 12th. 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 research report on Monday, February 24th. Finally, UBS Group lifted their price objective on Alliant Energy from $65.00 to $68.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Alliant Energy presently has an average rating of "Hold" and a consensus target price of $63.55.

About Alliant Energy

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.