Virtu Financial LLC lowered its position in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) by 64.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,485 shares of the company's stock after selling 6,433 shares during the period. Virtu Financial LLC's holdings in Alliant Energy were worth $206,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of LNT. 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 buying an additional 425 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Alliant Energy in the fourth quarter valued at $29,000. ORG Partners LLC boosted its stake in Alliant Energy by 517.0% in the fourth 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. WASHINGTON TRUST Co grew its holdings in shares of 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 purchasing an additional 628 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Alliant Energy during the fourth quarter worth about $53,000. Hedge funds and other institutional investors own 79.90% of the company's stock.
Alliant Energy Stock Performance
NASDAQ:LNT traded up $0.07 during mid-day trading on Wednesday, reaching $64.49. The stock had a trading volume of 1,253,229 shares, compared to its average volume of 1,565,957. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86. The business has a 50 day simple moving average of $61.98 and a 200 day simple moving average of $60.78. The firm has a market capitalization of $16.55 billion, a price-to-earnings ratio of 23.97, a PEG ratio of 2.83 and a beta of 0.54. Alliant Energy Co. has a twelve month low of $47.23 and a twelve month high of $66.54.
Alliant Energy (NASDAQ:LNT - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.02. The company had revenue of $976.00 million during the quarter, compared to analysts' expectations of $1.14 billion. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. On average, analysts expect that Alliant Energy Co. will post 3.23 earnings per share for the current fiscal year.
Alliant Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be paid a $0.5075 dividend. This represents a $2.03 dividend on an annualized basis and a yield of 3.15%. Alliant Energy's payout ratio is 75.46%.
Wall Street Analysts Forecast Growth
LNT has been the topic of a number of research reports. Guggenheim restated a "neutral" rating and set a $57.00 price target on shares of Alliant Energy in a research note on Monday, February 24th. UBS Group lifted their target price on shares of Alliant Energy from $65.00 to $68.00 and gave the company a "neutral" rating in a report on Friday, March 21st. BMO Capital Markets lifted their price objective on shares of Alliant Energy from $60.00 to $66.00 and gave the company a "market perform" rating in a research note on Monday, February 24th. Finally, Scotiabank downgraded shares of Alliant Energy from a "sector outperform" rating to a "sector perform" rating and increased their target price for the stock from $64.00 to $67.00 in a research note on Thursday, December 12th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $63.55.
View Our Latest Stock Analysis on Alliant Energy
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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