Grace & White Inc. NY Has $3.39 Million Holdings in Alliant Energy Co. (NASDAQ:LNT)

Grace & White Inc. NY cut its stake in Alliant Energy Co. (NASDAQ:LNT) by 1.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 65,998 shares of the company’s stock after selling 995 shares during the quarter. Grace & White Inc. NY’s holdings in Alliant Energy were worth $3,386,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LNT. National Bank of Canada FI boosted its stake in Alliant Energy by 22.0% in the 3rd quarter. National Bank of Canada FI now owns 67,688 shares of the company’s stock worth $3,130,000 after purchasing an additional 12,217 shares during the period. CWM LLC boosted its stake in Alliant Energy by 2.6% in the 3rd quarter. CWM LLC now owns 17,792 shares of the company’s stock worth $862,000 after purchasing an additional 450 shares during the period. Geneos Wealth Management Inc. boosted its stake in Alliant Energy by 67.8% in the 3rd quarter. Geneos Wealth Management Inc. now owns 1,238 shares of the company’s stock worth $60,000 after purchasing an additional 500 shares during the period. Ronald Blue Trust Inc. boosted its stake in Alliant Energy by 33.5% in the 3rd quarter. Ronald Blue Trust Inc. now owns 1,151 shares of the company’s stock worth $61,000 after purchasing an additional 289 shares during the period. Finally, IFP Advisors Inc boosted its stake in shares of Alliant Energy by 30.3% during the 3rd quarter. IFP Advisors Inc now owns 12,216 shares of the company’s stock worth $592,000 after buying an additional 2,840 shares during the last quarter. 79.90% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Alliant Energy

In related news, CEO Lisa M. Barton purchased 1,100 shares of the stock in a transaction on Tuesday, February 20th. The shares were purchased at an average cost of $48.56 per share, with a total value of $53,416.00. Following the acquisition, the chief executive officer now directly owns 36,444 shares in the company, valued at $1,769,720.64. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LNT. Bank of America reduced their price objective on shares of Alliant Energy from $55.00 to $54.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. Barclays restated an “equal weight” rating and set a $53.00 price objective (up from $50.00) on shares of Alliant Energy in a research note on Tuesday, January 2nd. BMO Capital Markets increased their price objective on shares of Alliant Energy from $51.00 to $53.00 and gave the stock a “market perform” rating in a research note on Monday, April 15th. Finally, Scotiabank reduced their price objective on shares of Alliant Energy from $57.00 to $53.00 and set a “sector outperform” rating for the company in a research note on Monday. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $51.36.

Alliant Energy Stock Performance

Shares of LNT stock traded up $0.08 on Tuesday, reaching $49.97. The stock had a trading volume of 1,644,046 shares, compared to its average volume of 1,937,116. The company has a quick ratio of 0.40, a current ratio of 0.55 and a debt-to-equity ratio of 1.21. The firm’s 50-day moving average is $48.74 and its two-hundred day moving average is $49.51. The firm has a market capitalization of $12.80 billion, a price-to-earnings ratio of 17.95, a P/E/G ratio of 2.66 and a beta of 0.55. Alliant Energy Co. has a 12 month low of $45.15 and a 12 month high of $56.26.

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

Alliant Energy Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.92 annualized dividend and a yield of 3.84%. Alliant Energy’s dividend payout ratio is currently 69.06%.

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.