Anchor Capital Advisors LLC Sells 59,828 Shares of Alliant Energy Co. (NASDAQ:LNT)

Anchor Capital Advisors LLC trimmed its holdings in Alliant Energy Co. (NASDAQ:LNT - Free Report) by 6.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 869,171 shares of the company's stock after selling 59,828 shares during the quarter. Alliant Energy comprises 1.5% of Anchor Capital Advisors LLC's portfolio, making the stock its 13th largest holding. Anchor Capital Advisors LLC owned about 0.34% of Alliant Energy worth $51,403,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC grew its stake in shares of Alliant Energy by 7,083.3% in the third quarter. Larson Financial Group LLC now owns 431 shares of the company's stock worth $26,000 after purchasing an additional 425 shares in the last quarter. JNBA Financial Advisors acquired a new stake in Alliant Energy in the third quarter worth about $31,000. ORG Partners LLC increased its stake in Alliant Energy by 517.0% during the 4th quarter. ORG Partners LLC now owns 617 shares of the company's stock valued at $36,000 after buying an additional 517 shares during the period. WASHINGTON TRUST Co increased its stake in Alliant Energy by 251.2% during the 4th quarter. WASHINGTON TRUST Co now owns 878 shares of the company's stock valued at $52,000 after buying an additional 628 shares during the period. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Alliant Energy during the 4th quarter worth about $53,000. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on LNT shares. BMO Capital Markets increased their price objective on shares of Alliant Energy from $60.00 to $66.00 and gave the company a "market perform" rating in a report on Monday, February 24th. Guggenheim reiterated a "neutral" rating and set a $57.00 price target on shares of Alliant Energy in a research report on Monday, February 24th. Barclays cut their price objective on Alliant Energy from $61.00 to $59.00 and set an "equal weight" rating for the company in a report on Wednesday, November 6th. Scotiabank lowered Alliant Energy from a "sector outperform" rating to a "sector perform" rating and lifted their target price for the stock from $64.00 to $67.00 in a report on Thursday, December 12th. Finally, Wells Fargo & Company cut their price target on shares of Alliant Energy from $66.00 to $65.00 and set an "overweight" rating for the company in a report on Monday, November 4th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $63.25.

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Alliant Energy Trading Down 2.7 %

Shares of Alliant Energy stock traded down $1.80 during trading on Tuesday, hitting $64.24. The stock had a trading volume of 1,401,656 shares, compared to its average volume of 1,736,662. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $16.49 billion, a PE ratio of 23.93, a P/E/G ratio of 2.83 and a beta of 0.60. Alliant Energy Co. has a 1 year low of $47.23 and a 1 year high of $66.54. The stock has a 50 day simple moving average of $60.08 and a 200 day simple moving average of $60.05.

Alliant Energy (NASDAQ:LNT - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $976.00 million during the quarter, compared to analyst estimates of $1.14 billion. On average, research analysts expect that Alliant Energy Co. will post 3.23 EPS for the current fiscal year.

Alliant Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 31st were paid a $0.5075 dividend. This is a boost from Alliant Energy's previous quarterly dividend of $0.48. The ex-dividend date was Friday, January 31st. This represents a $2.03 annualized dividend and a dividend yield of 3.16%. Alliant Energy's payout ratio is presently 75.46%.

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.