Corient Private Wealth LLC Reduces Position in Alliant Energy Co. (NASDAQ:LNT)

Corient Private Wealth LLC decreased its holdings in Alliant Energy Co. (NASDAQ:LNT - Free Report) by 17.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,359 shares of the company's stock after selling 7,419 shares during the quarter. Corient Private Wealth LLC's holdings in Alliant Energy were worth $2,032,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. Janus Henderson Group PLC increased its position in shares of Alliant Energy by 0.6% during the 3rd quarter. Janus Henderson Group PLC now owns 10,691,172 shares of the company's stock valued at $648,847,000 after purchasing an additional 65,110 shares during the last quarter. Geode Capital Management LLC boosted its stake in Alliant Energy by 1.4% in the third quarter. Geode Capital Management LLC now owns 6,593,166 shares of the company's stock valued at $398,880,000 after acquiring an additional 92,525 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Alliant Energy by 1.6% during 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 acquiring an additional 36,438 shares during the period. Johnson Investment Counsel Inc. raised its holdings in shares of Alliant Energy by 0.5% in the 4th quarter. Johnson Investment Counsel Inc. now owns 1,815,769 shares of the company's stock worth $107,385,000 after purchasing an additional 9,281 shares during the period. Finally, Point72 Asset Management L.P. raised its stake in shares of Alliant Energy by 92.7% in the third quarter. Point72 Asset Management L.P. now owns 1,604,272 shares of the company's stock valued at $97,363,000 after buying an additional 771,919 shares during the period. Institutional investors own 79.90% of the company's stock.

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Alliant Energy Price Performance

Shares of LNT stock traded up $0.52 during trading on Thursday, hitting $63.38. The company had a trading volume of 246,553 shares, compared to its average volume of 1,508,900. The stock's 50-day moving average is $61.61 and its two-hundred day moving average is $60.61. The stock has a market capitalization of $16.27 billion, a price-to-earnings ratio of 23.56, a price-to-earnings-growth ratio of 2.83 and a beta of 0.54. Alliant Energy Co. has a 52 week low of $47.23 and a 52 week high of $66.54. 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 (NASDAQ:LNT - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.70 EPS for the quarter, beating 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 business had revenue of $976.00 million for the quarter, compared to analysts' expectations of $1.14 billion. As a group, analysts predict that Alliant Energy Co. will post 3.23 EPS for the current fiscal year.

Alliant Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 31st were issued a dividend of $0.5075 per share. The ex-dividend date was Friday, January 31st. This represents a $2.03 annualized dividend and a dividend yield of 3.20%. This is a positive change from Alliant Energy's previous quarterly dividend of $0.48. Alliant Energy's dividend payout ratio (DPR) is currently 75.46%.

Wall Street Analysts Forecast Growth

LNT has been the subject of several recent research reports. BMO Capital Markets lifted their price objective on Alliant Energy from $60.00 to $66.00 and gave the stock a "market perform" rating in a report on Monday, February 24th. Scotiabank cut Alliant Energy from a "sector outperform" rating to a "sector perform" rating and increased their price objective for the stock from $64.00 to $67.00 in a report on Thursday, December 12th. UBS Group lifted their target price on Alliant Energy from $65.00 to $68.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Finally, Guggenheim reissued a "neutral" rating and issued a $57.00 price target on shares of Alliant Energy in a report on Monday, February 24th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Alliant Energy has a consensus rating of "Hold" and an average price target of $63.55.

Alliant Energy 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.