Cerity Partners LLC lowered its stake in Alliant Energy Co. (NASDAQ:LNT - Free Report) by 15.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,096 shares of the company's stock after selling 12,149 shares during the period. Cerity Partners LLC's holdings in Alliant Energy were worth $3,947,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Federated Hermes Inc. raised its position in Alliant Energy by 1.2% during the 4th quarter. Federated Hermes Inc. now owns 30,257 shares of the company's stock worth $1,789,000 after buying an additional 362 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Alliant Energy during the fourth quarter valued at $300,000. Ilmarinen Mutual Pension Insurance Co purchased a new stake in Alliant Energy in the fourth quarter valued at $2,011,000. Wedbush Securities Inc. grew its position in Alliant Energy by 13.9% during the 4th quarter. Wedbush Securities Inc. now owns 6,631 shares of the company's stock worth $392,000 after purchasing an additional 811 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Alliant Energy by 1.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 660,927 shares of the company's stock valued at $39,087,000 after buying an additional 11,522 shares during the period. 79.90% of the stock is currently owned by institutional investors and hedge funds.
Alliant Energy Trading Down 0.3 %
Shares of LNT stock traded down $0.21 on Tuesday, hitting $61.60. 1,651,583 shares of the stock traded hands, compared to its average volume of 1,592,514. Alliant Energy Co. has a twelve month low of $47.23 and a twelve month high of $66.54. The stock has a market capitalization of $15.82 billion, a PE ratio of 22.90, a PEG ratio of 2.83 and a beta of 0.52. The firm's 50-day moving average price is $62.34 and its two-hundred day moving average price is $60.82. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86.
Alliant Energy (NASDAQ:LNT - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.02. The business 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%. As a group, analysts anticipate that Alliant Energy Co. will post 3.23 EPS for the current year.
Alliant Energy Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be paid a $0.5075 dividend. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date is Wednesday, April 30th. Alliant Energy's dividend payout ratio (DPR) is 75.46%.
Analyst Upgrades and Downgrades
Several research firms recently commented on LNT. Guggenheim reaffirmed a "neutral" rating and set a $57.00 target price on shares of Alliant Energy in a report on Monday, February 24th. UBS Group increased their target price on Alliant Energy from $65.00 to $68.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Finally, BMO Capital Markets upped their price objective on shares of Alliant Energy from $60.00 to $66.00 and gave the stock a "market perform" rating in a research 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $63.55.
Get Our Latest Report on LNT
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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