Allspring Global Investments Holdings LLC Sells 14,524 Shares of Alliant Energy Co. (NASDAQ:LNT)

Allspring Global Investments Holdings LLC decreased its position in Alliant Energy Co. (NASDAQ:LNT - Free Report) by 7.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 173,042 shares of the company's stock after selling 14,524 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.07% of Alliant Energy worth $10,125,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital Advisors Inc. OK acquired a new stake in shares of Alliant Energy in the fourth quarter valued at about $224,000. Leavell Investment Management Inc. increased its position in shares of Alliant Energy by 16.4% in the fourth quarter. Leavell Investment Management Inc. now owns 5,861 shares of the company's stock valued at $347,000 after acquiring an additional 826 shares during the last quarter. Savant Capital LLC increased its position in shares of Alliant Energy by 1.5% in the fourth quarter. Savant Capital LLC now owns 15,937 shares of the company's stock valued at $942,000 after acquiring an additional 237 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in shares of Alliant Energy in the fourth quarter valued at about $53,000. Finally, Miller Howard Investments Inc. NY increased its position in shares of Alliant Energy by 1.3% in the fourth quarter. Miller Howard Investments Inc. NY now owns 21,555 shares of the company's stock valued at $1,275,000 after acquiring an additional 281 shares during the last quarter. Institutional investors and hedge funds own 79.90% of the company's stock.

Alliant Energy Stock Up 1.9 %

LNT stock traded up $1.19 during mid-day trading on Friday, reaching $62.81. 3,902,860 shares of the company traded hands, compared to its average volume of 1,627,397. The stock has a market cap of $16.12 billion, a price-to-earnings ratio of 24.34, a P/E/G ratio of 2.83 and a beta of 0.60. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. Alliant Energy Co. has a fifty-two week low of $46.80 and a fifty-two week high of $64.19. The firm's 50 day moving average price is $59.39 and its 200 day moving average price is $59.60.

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 the consensus estimate of $0.68 by $0.02. Alliant Energy had a net margin of 16.66% and a return on equity of 10.56%. The firm had revenue of $976.00 million for the quarter, compared to analysts' expectations of $1.14 billion. As a group, equities research analysts predict that Alliant Energy Co. will post 3.03 EPS for the current fiscal year.

Alliant Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st were given a dividend of $0.5075 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $2.03 annualized dividend and a dividend yield of 3.23%. This is a boost from Alliant Energy's previous quarterly dividend of $0.48. Alliant Energy's dividend payout ratio (DPR) is currently 78.68%.

Analyst Ratings Changes

A number of analysts recently issued reports on LNT shares. Barclays lowered their target price on 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. Scotiabank cut 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. BMO Capital Markets reduced their price target on Alliant Energy from $65.00 to $61.00 and set a "market perform" rating on the stock in a research report on Monday, November 4th. Finally, Wells Fargo & Company reduced their price target on Alliant Energy from $66.00 to $65.00 and set an "overweight" rating on the stock in a research report on Monday, November 4th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $63.39.

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.