Atria Investments Inc lowered its position in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) by 12.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 46,332 shares of the company's stock after selling 6,597 shares during the quarter. Atria Investments Inc's holdings in Alliant Energy were worth $2,740,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. Keybank National Association OH purchased a new stake in shares of Alliant Energy in the 4th quarter valued at $388,000. Bahl & Gaynor Inc. raised its stake in shares of Alliant Energy by 13.7% during the 4th quarter. Bahl & Gaynor Inc. now owns 402,805 shares of the company's stock valued at $23,822,000 after buying an additional 48,641 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Alliant Energy by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,252,913 shares of the company's stock valued at $133,237,000 after buying an additional 36,438 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Alliant Energy during the fourth quarter worth about $29,000. Finally, Jones Financial Companies Lllp raised its position in Alliant Energy by 26.1% during the fourth quarter. Jones Financial Companies Lllp now owns 67,082 shares of the company's stock valued at $3,967,000 after acquiring an additional 13,871 shares in the last quarter. Hedge funds and other institutional investors own 79.90% of the company's stock.
Analyst Upgrades and Downgrades
LNT has been the topic of several recent research reports. Guggenheim restated 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 shares of Alliant Energy from a "sector outperform" rating to a "sector perform" rating and increased their price target for the stock from $64.00 to $67.00 in a report on Thursday, December 12th. Finally, BMO Capital Markets lifted 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. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $63.25.
Check Out Our Latest Research Report on Alliant Energy
Alliant Energy Price Performance
LNT traded down $0.43 during midday trading on Wednesday, hitting $62.20. 908,910 shares of the company traded hands, compared to its average volume of 1,844,741. The company has a market capitalization of $15.96 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 2.83 and a beta of 0.54. The business has a 50 day simple moving average of $60.50 and a two-hundred day simple moving average of $60.27. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33. Alliant Energy Co. has a 52-week low of $47.23 and a 52-week high of $66.54.
Alliant Energy (NASDAQ:LNT - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.02. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. The firm had revenue of $976.00 million for the quarter, compared to analyst estimates of $1.14 billion. On average, equities analysts forecast that Alliant Energy Co. will post 3.23 earnings per share for the current fiscal year.
Alliant Energy Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st were issued a $0.5075 dividend. The ex-dividend date was Friday, January 31st. This represents a $2.03 dividend on an annualized basis and a yield of 3.26%. This is a positive change from Alliant Energy's previous quarterly dividend of $0.48. Alliant Energy's dividend payout ratio (DPR) is presently 75.46%.
About Alliant Energy
(
Free Report)
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.
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