Alliant Energy Co. (NASDAQ:LNT) Stock Holdings Lessened by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC cut its stake in shares of Alliant Energy Co. (NASDAQ:LNT) by 10.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,423 shares of the company’s stock after selling 1,496 shares during the period. HBK Sorce Advisory LLC’s holdings in Alliant Energy were worth $735,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Natixis Advisors LLC lifted its holdings in shares of Alliant Energy by 14.7% during the 3rd quarter. Natixis Advisors LLC now owns 196,318 shares of the company’s stock valued at $11,915,000 after buying an additional 25,161 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Alliant Energy in the third quarter worth $4,742,000. Charles Schwab Investment Management Inc. increased its position in Alliant Energy by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,216,475 shares of the company’s stock worth $134,518,000 after buying an additional 14,225 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in shares of Alliant Energy in the fourth quarter worth about $257,000. Finally, Daiwa Securities Group Inc. lifted its holdings in Alliant Energy by 22.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 53,600 shares of the company’s stock worth $3,253,000 after purchasing an additional 9,780 shares during the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Stock Up 1.2 %

Shares of NASDAQ:LNT opened at $62.95 on Friday. The company’s fifty day moving average is $60.73 and its 200-day moving average is $60.33. 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 Co. has a 52 week low of $47.23 and a 52 week high of $66.54. The company has a market capitalization of $16.16 billion, a PE ratio of 23.40, a P/E/G ratio of 2.83 and a beta of 0.54.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. The business had revenue of $976.00 million for the quarter, compared to analyst estimates of $1.14 billion. Equities research analysts predict that Alliant Energy Co. will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st were given a $0.5075 dividend. This represents a $2.03 annualized dividend and a yield of 3.22%. The ex-dividend date was Friday, January 31st. This is a boost from Alliant Energy’s previous quarterly dividend of $0.48. Alliant Energy’s dividend payout ratio (DPR) is presently 75.46%.

Wall Street Analyst Weigh In

LNT has been the topic of several analyst reports. BMO Capital Markets increased their price target on Alliant Energy from $60.00 to $66.00 and gave the company a “market perform” rating in a report on Monday, February 24th. Guggenheim reaffirmed a “neutral” rating and issued a $57.00 price target on shares of Alliant Energy in a research report on Monday, February 24th. Finally, Scotiabank cut Alliant Energy from a “sector outperform” rating to a “sector perform” rating and increased their price objective for the company from $64.00 to $67.00 in a research report 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, the company presently has a consensus rating of “Hold” and a consensus target price of $63.25.

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.