Greenland Capital Management LP Has $11.88 Million Stock Holdings in Alliant Energy Co. (NASDAQ:LNT)

Greenland Capital Management LP cut its stake in Alliant Energy Co. (NASDAQ:LNT - Free Report) by 19.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 200,800 shares of the company's stock after selling 47,935 shares during the period. Alliant Energy accounts for about 1.9% of Greenland Capital Management LP's investment portfolio, making the stock its 6th biggest position. Greenland Capital Management LP owned approximately 0.08% of Alliant Energy worth $11,875,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of LNT. Captrust Financial Advisors increased its position in Alliant Energy by 53.5% in the third quarter. Captrust Financial Advisors now owns 12,127 shares of the company's stock worth $736,000 after purchasing an additional 4,226 shares during the period. HighTower Advisors LLC boosted its stake in shares of Alliant Energy by 11.0% in the 3rd quarter. HighTower Advisors LLC now owns 37,386 shares of the company's stock valued at $2,271,000 after purchasing an additional 3,704 shares during the last quarter. Quantinno Capital Management LP grew its position in shares of Alliant Energy by 5.8% during the 3rd quarter. Quantinno Capital Management LP now owns 29,928 shares of the company's stock worth $1,816,000 after buying an additional 1,649 shares during the period. Stifel Financial Corp raised its stake in shares of Alliant Energy by 20.1% during the third quarter. Stifel Financial Corp now owns 118,582 shares of the company's stock worth $7,197,000 after buying an additional 19,807 shares during the last quarter. Finally, National Bank of Canada FI lifted its holdings in Alliant Energy by 184.7% in the third quarter. National Bank of Canada FI now owns 202,008 shares of the company's stock valued at $12,259,000 after buying an additional 131,053 shares during the period. 79.90% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of analysts have commented on the stock. 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 lifted their price objective on Alliant Energy from $65.00 to $68.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Finally, BMO Capital Markets increased their target price on Alliant Energy from $60.00 to $66.00 and gave the company a "market perform" rating in a research note on Monday, February 24th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Alliant Energy has an average rating of "Hold" and an average target price of $63.55.

Alliant Energy Stock Up 0.6 %

Shares of NASDAQ LNT traded up $0.38 during mid-day trading on Friday, reaching $60.59. 1,527,861 shares of the company's stock were exchanged, compared to its average volume of 1,592,464. The business has a fifty day simple moving average of $62.26 and a 200 day simple moving average of $60.81. Alliant Energy Co. has a twelve month low of $47.23 and a twelve month high of $66.54. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $15.56 billion, a price-to-earnings ratio of 22.52, a PEG ratio of 2.83 and a beta of 0.52.

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 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. As a group, equities analysts expect that Alliant Energy Co. will post 3.23 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be issued a dividend of $0.5075 per share. This represents a $2.03 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend is Wednesday, April 30th. Alliant Energy's dividend payout ratio (DPR) is presently 75.46%.

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.