Alliant Energy Co. (NASDAQ:LNT) Shares Sold by Harbour Investments Inc.

Harbour Investments Inc. lessened its stake in Alliant Energy Co. (NASDAQ:LNT - Free Report) by 5.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 72,601 shares of the company's stock after selling 4,185 shares during the period. Harbour Investments Inc.'s holdings in Alliant Energy were worth $4,294,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its position in shares of Alliant Energy by 7,083.3% during the 3rd quarter. Larson Financial Group LLC now owns 431 shares of the company's stock worth $26,000 after purchasing an additional 425 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Alliant Energy during the fourth quarter worth about $29,000. ORG Partners LLC increased its stake in shares of Alliant Energy by 517.0% during the fourth quarter. ORG Partners LLC now owns 617 shares of the company's stock worth $36,000 after acquiring an additional 517 shares during the period. WASHINGTON TRUST Co boosted its holdings in Alliant Energy by 251.2% during the fourth quarter. WASHINGTON TRUST Co now owns 878 shares of the company's stock worth $52,000 after buying an additional 628 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new stake in Alliant Energy during the fourth quarter worth about $53,000. Institutional investors and hedge funds own 79.90% of the company's stock.

Alliant Energy Stock Up 0.1 %

LNT traded up $0.04 during trading hours on Thursday, reaching $63.55. 1,780,793 shares of the stock traded hands, compared to its average volume of 1,504,668. The firm's fifty day simple moving average is $61.08 and its two-hundred day simple moving average is $60.47. The company has a market cap of $16.31 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 2.83 and a beta of 0.54. Alliant Energy Co. has a fifty-two week low of $47.23 and a fifty-two week high of $66.54. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72.

Remove Ads

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its quarterly earnings data 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 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 the consensus estimate of $1.14 billion. As a group, analysts forecast that Alliant Energy Co. will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st were given a $0.5075 dividend. This is an increase from Alliant Energy's previous quarterly dividend of $0.48. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date was Friday, January 31st. Alliant Energy's dividend payout ratio (DPR) is presently 75.46%.

Analyst Ratings Changes

LNT has been the topic of several recent research reports. Guggenheim reaffirmed a "neutral" rating and issued a $57.00 price target on shares of Alliant Energy in a report on Monday, February 24th. Scotiabank lowered shares of Alliant Energy from a "sector outperform" rating to a "sector perform" rating and upped their price target for the stock from $64.00 to $67.00 in a research report on Thursday, December 12th. Finally, BMO Capital Markets upped their price target 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 equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Alliant Energy currently has a consensus rating of "Hold" and a consensus price target of $63.25.

Alliant Energy Company 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.