Alliant Energy Co. (NASDAQ:LNT) Shares Sold by United Asset Strategies Inc.

United Asset Strategies Inc. reduced its position in Alliant Energy Co. (NASDAQ:LNT) by 10.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 67,437 shares of the company’s stock after selling 7,528 shares during the quarter. United Asset Strategies Inc.’s holdings in Alliant Energy were worth $3,460,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. CTC Alternative Strategies Ltd. purchased a new stake in shares of Alliant Energy in the fourth quarter valued at approximately $1,211,000. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Alliant Energy by 1.0% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 634,559 shares of the company’s stock valued at $32,553,000 after acquiring an additional 5,983 shares during the period. Louisiana State Employees Retirement System acquired a new stake in Alliant Energy in the fourth quarter valued at $790,000. Koshinski Asset Management Inc. boosted its position in shares of Alliant Energy by 9.8% during the 4th quarter. Koshinski Asset Management Inc. now owns 19,349 shares of the company’s stock worth $993,000 after purchasing an additional 1,734 shares in the last quarter. Finally, Vaughan David Investments LLC IL grew its stake in shares of Alliant Energy by 5.2% during the 4th quarter. Vaughan David Investments LLC IL now owns 732,805 shares of the company’s stock worth $37,593,000 after purchasing an additional 36,279 shares during the period. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Price Performance

Shares of LNT traded down $0.32 during mid-day trading on Tuesday, reaching $47.68. 484,414 shares of the company’s stock were exchanged, compared to its average volume of 1,951,625. The company has a quick ratio of 0.40, a current ratio of 0.55 and a debt-to-equity ratio of 1.21. Alliant Energy Co. has a 52-week low of $45.15 and a 52-week high of $56.26. The company has a market cap of $12.21 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 2.56 and a beta of 0.55. The company has a 50-day simple moving average of $48.64 and a two-hundred day simple moving average of $49.46.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Friday, February 16th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.07). Alliant Energy had a return on equity of 10.85% and a net margin of 17.46%. The company had revenue of $961.00 million for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the previous year, the business posted $0.46 EPS. On average, sell-side analysts predict that Alliant Energy Co. will post 3.07 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 4.03%. Alliant Energy’s dividend payout ratio (DPR) is 69.06%.

Analysts Set New Price Targets

Several brokerages recently commented on LNT. Barclays reiterated an “equal weight” rating and issued a $53.00 price objective (up previously from $50.00) on shares of Alliant Energy in a research note on Tuesday, January 2nd. BMO Capital Markets lifted their price target on shares of Alliant Energy from $51.00 to $53.00 and gave the company a “market perform” rating in a research report on Monday. Finally, Bank of America lowered their price target on Alliant Energy from $55.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $53.31.

Insiders Place Their Bets

In other news, CEO Lisa M. Barton bought 1,100 shares of the stock in a transaction on Tuesday, February 20th. The stock was purchased at an average cost of $48.56 per share, with a total value of $53,416.00. Following the purchase, the chief executive officer now owns 36,444 shares of the company’s stock, valued at $1,769,720.64. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.31% of the stock is owned by corporate insiders.

Alliant Energy Company 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.