Everett Harris & Co. CA Sells 1,400 Shares of Alliant Energy Co. (NASDAQ:LNT)

Everett Harris & Co. CA trimmed its stake in shares of Alliant Energy Co. (NASDAQ:LNT) by 6.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,202 shares of the company’s stock after selling 1,400 shares during the quarter. Everett Harris & Co. CA’s holdings in Alliant Energy were worth $1,136,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in LNT. Larson Financial Group LLC grew 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 valued at $26,000 after purchasing an additional 425 shares in the last quarter. Northwest Investment Counselors LLC bought a new stake in Alliant Energy during the third quarter valued at $28,000. Eastern Bank purchased a new position in Alliant Energy during the third quarter worth about $30,000. JNBA Financial Advisors bought a new position in Alliant Energy in the 3rd quarter worth about $31,000. Finally, ORG Partners LLC raised its holdings in shares of Alliant Energy by 517.0% in 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. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Price Performance

Shares of Alliant Energy stock opened at $58.88 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72. Alliant Energy Co. has a one year low of $46.80 and a one year high of $64.19. The business’s 50 day simple moving average is $59.91 and its two-hundred day simple moving average is $59.09. The stock has a market capitalization of $15.11 billion, a P/E ratio of 22.82, a price-to-earnings-growth ratio of 2.69 and a beta of 0.60.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings results on Thursday, October 31st. The company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.05. Alliant Energy had a net margin of 16.66% and a return on equity of 10.56%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the company posted $1.05 EPS. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. Analysts forecast that Alliant Energy Co. will post 3.03 EPS for the current year.

Alliant Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st will be given a $0.5075 dividend. This is a positive change 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%. The ex-dividend date is Friday, January 31st. Alliant Energy’s dividend payout ratio (DPR) is currently 74.42%.

Analyst Ratings Changes

Several brokerages have recently commented on LNT. Mizuho boosted their price objective on Alliant Energy from $52.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, October 4th. Scotiabank lowered shares of Alliant Energy from a “sector outperform” rating to a “sector perform” rating and increased their price target for the stock from $64.00 to $67.00 in a report on Thursday, December 12th. BMO Capital Markets reduced their target price on Alliant Energy from $65.00 to $61.00 and set a “market perform” rating on the stock in a research note on Monday, November 4th. Barclays dropped their price target on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company decreased their price objective on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $63.39.

About Alliant Energy

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.