Reaves W H & Co. Inc. decreased its holdings in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) by 48.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 786,898 shares of the company's stock after selling 728,099 shares during the period. Reaves W H & Co. Inc. owned 0.31% of Alliant Energy worth $46,537,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Larson Financial Group LLC boosted its stake 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 valued at $26,000 after purchasing an additional 425 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Alliant Energy in the fourth quarter worth about $29,000. JNBA Financial Advisors purchased a new stake in Alliant Energy in the third quarter worth about $31,000. ORG Partners LLC boosted its position in Alliant Energy by 517.0% during the 4th quarter. ORG Partners LLC now owns 617 shares of the company's stock valued at $36,000 after acquiring an additional 517 shares in the last quarter. Finally, WASHINGTON TRUST Co grew its holdings in shares of Alliant Energy by 251.2% during the 4th quarter. WASHINGTON TRUST Co now owns 878 shares of the company's stock worth $52,000 after acquiring an additional 628 shares during the period. Hedge funds and other institutional investors own 79.90% of the company's stock.
Alliant Energy Stock Up 0.5 %
Shares of NASDAQ:LNT traded up $0.29 on Friday, hitting $62.49. 3,130,332 shares of the company traded hands, compared to its average volume of 1,830,032. The stock has a 50 day simple moving average of $60.30 and a 200-day simple moving average of $60.14. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. The company has a market cap of $16.04 billion, a PE ratio of 23.23, a PEG 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.
Alliant Energy (NASDAQ:LNT - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $976.00 million during the quarter, compared to analyst estimates of $1.14 billion. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. As a group, research analysts expect that Alliant Energy Co. will post 3.23 earnings per share for the current year.
Alliant Energy Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st were paid a dividend of $0.5075 per share. This represents a $2.03 annualized dividend and a yield of 3.25%. This is an increase from Alliant Energy's previous quarterly dividend of $0.48. The ex-dividend date was Friday, January 31st. Alliant Energy's dividend payout ratio (DPR) is currently 75.46%.
Analyst Ratings Changes
LNT has been the subject of a number of research analyst reports. BMO Capital Markets raised 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. Scotiabank lowered Alliant Energy from a "sector outperform" rating to a "sector perform" rating and raised their price objective for the company from $64.00 to $67.00 in a research report on Thursday, December 12th. Finally, Guggenheim restated a "neutral" rating and set a $57.00 target price on shares of Alliant Energy in a report on Monday, February 24th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $63.25.
Check Out Our Latest Report on LNT
Alliant Energy Company Profile
(
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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