Westpac Banking Corp Has $606,000 Stock Position in Alliant Energy Co. (NASDAQ:LNT)

Westpac Banking Corp reduced its position in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) by 40.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,254 shares of the company's stock after selling 7,004 shares during the period. Westpac Banking Corp's holdings in Alliant Energy were worth $606,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. SBI Securities Co. Ltd. purchased a new stake in shares of Alliant Energy during the fourth quarter worth approximately $29,000. ORG Partners LLC lifted its stake in shares of Alliant Energy by 517.0% in the 4th 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. Larson Financial Group LLC lifted its position in shares of Alliant Energy by 67.5% during the 4th quarter. Larson Financial Group LLC now owns 722 shares of the company's stock valued at $43,000 after acquiring an additional 291 shares during the period. WASHINGTON TRUST Co grew its holdings in Alliant Energy by 251.2% in the fourth quarter. WASHINGTON TRUST Co now owns 878 shares of the company's stock valued at $52,000 after purchasing an additional 628 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Alliant Energy during the 4th quarter worth approximately $53,000. Institutional investors and hedge funds own 79.90% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. UBS Group boosted their price target on 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 boosted their price objective on Alliant Energy from $60.00 to $66.00 and gave the stock a "market perform" rating in a research note on Monday, February 24th. Guggenheim reiterated a "neutral" rating and issued a $57.00 price objective on shares of Alliant Energy in a report on Monday, February 24th. Finally, Scotiabank cut Alliant Energy from a "sector outperform" rating to a "sector perform" rating and increased their target price for the company from $64.00 to $67.00 in a research note on Thursday, December 12th. 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 has an average rating of "Hold" and an average price target of $63.55.

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Alliant Energy Stock Down 1.3 %

Shares of Alliant Energy stock traded down $0.76 during midday trading on Thursday, reaching $59.66. 525,299 shares of the company's stock traded hands, compared to its average volume of 1,591,040. Alliant Energy Co. has a 52 week low of $47.23 and a 52 week high of $66.54. The company's 50 day simple moving average is $62.21 and its 200 day simple moving average is $60.80. The company has a market cap of $15.32 billion, a price-to-earnings ratio of 22.14, a price-to-earnings-growth ratio of 2.83 and a beta of 0.52. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86.

Alliant Energy (NASDAQ:LNT - Get Free Report) last released 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 firm had revenue of $976.00 million for the quarter, compared to analyst estimates of $1.14 billion. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. Equities analysts expect that Alliant Energy Co. will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be issued a $0.5075 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $2.03 annualized dividend and a yield of 3.40%. Alliant Energy's dividend payout ratio (DPR) is 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.