Town & Country Bank & Trust CO dba First Bankers Trust CO reduced its holdings in Alliant Energy Co. (NASDAQ:LNT - Free Report) by 46.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,924 shares of the company's stock after selling 25,555 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO's holdings in Alliant Energy were worth $1,711,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Larson Financial Group LLC grew its position in shares of Alliant Energy by 7,083.3% in the third quarter. Larson Financial Group LLC now owns 431 shares of the company's stock valued at $26,000 after purchasing an additional 425 shares during the period. Northwest Investment Counselors LLC purchased a new position in shares of Alliant Energy in the third quarter worth about $28,000. Eastern Bank purchased a new position in shares of Alliant Energy in the third quarter worth about $30,000. JNBA Financial Advisors purchased a new position in Alliant Energy during the third quarter worth about $31,000. Finally, ORG Partners LLC raised its stake in 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 purchasing an additional 517 shares during the period. 79.90% of the stock is owned by hedge funds and other institutional investors.
Alliant Energy Stock Performance
LNT stock traded down $1.20 on Tuesday, hitting $58.80. The company's stock had a trading volume of 644,296 shares, compared to its average volume of 1,429,991. The stock has a market cap of $15.09 billion, a price-to-earnings ratio of 22.79, a price-to-earnings-growth ratio of 2.77 and a beta of 0.60. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33. Alliant Energy Co. has a 1 year low of $46.80 and a 1 year high of $64.19. The firm has a 50 day moving average of $60.13 and a two-hundred day moving average of $59.06.
Alliant Energy (NASDAQ:LNT - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.05. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.08 billion. Alliant Energy had a net margin of 16.66% and a return on equity of 10.56%. Alliant Energy's quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.05 EPS. Equities analysts predict that Alliant Energy Co. will post 3.04 EPS for the current fiscal year.
Alliant Energy Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st will be paid a dividend of $0.5075 per share. The ex-dividend date of this dividend is Friday, January 31st. This is a boost 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 3.45%. Alliant Energy's dividend payout ratio is 74.42%.
Wall Street Analyst Weigh In
A number of brokerages have commented on LNT. Wells Fargo & Company reduced their target price on shares of Alliant Energy from $66.00 to $65.00 and set an "overweight" rating on the stock in a research note on Monday, November 4th. BMO Capital Markets dropped their price target on shares of Alliant Energy from $65.00 to $61.00 and set a "market perform" rating for the company in a research report on Monday, November 4th. Mizuho lifted their price target on shares of Alliant Energy from $52.00 to $61.00 and gave the company a "neutral" rating in a research report on Friday, October 4th. Barclays dropped their price target on shares of Alliant Energy from $61.00 to $59.00 and set an "equal weight" rating for the company in a research report on Wednesday, November 6th. Finally, Scotiabank cut shares of Alliant Energy from a "sector outperform" rating to a "sector perform" rating and lifted their price target for the company from $64.00 to $67.00 in a research report on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Alliant Energy has an average rating of "Hold" and a consensus target price of $63.39.
Read Our Latest Report on Alliant Energy
Alliant Energy 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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