Allspring Global Investments Holdings LLC Sells 347 Shares of Alliant Energy Co. (NASDAQ:LNT)

Allspring Global Investments Holdings LLC lowered its stake in shares of Alliant Energy Co. (NASDAQ:LNT) by 0.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 192,316 shares of the company’s stock after selling 347 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Alliant Energy were worth $9,866,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC purchased a new stake in Alliant Energy in the fourth quarter valued at about $23,340,000. Strategic Blueprint LLC raised its stake in Alliant Energy by 5.2% in the fourth quarter. Strategic Blueprint LLC now owns 18,288 shares of the company’s stock valued at $938,000 after buying an additional 908 shares during the last quarter. First Merchants Corp raised its stake in Alliant Energy by 7.6% in the fourth quarter. First Merchants Corp now owns 74,105 shares of the company’s stock valued at $3,801,000 after buying an additional 5,245 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in Alliant Energy by 5.9% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 50,629 shares of the company’s stock valued at $2,584,000 after buying an additional 2,838 shares during the last quarter. Finally, Stratos Wealth Partners LTD. raised its stake in Alliant Energy by 6.5% in the fourth quarter. Stratos Wealth Partners LTD. now owns 4,643 shares of the company’s stock valued at $238,000 after buying an additional 285 shares during the last quarter. Institutional investors own 79.90% of the company’s stock.

Wall Street Analysts Forecast Growth

LNT has been the subject of a number of research analyst reports. Bank of America decreased their price target on 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 reiterated an “equal weight” rating and issued a $53.00 price target (up from $50.00) on shares of Alliant Energy in a research note on Tuesday, January 2nd. Finally, BMO Capital Markets increased their price target on Alliant Energy from $51.00 to $53.00 and gave the company a “market perform” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $53.31.

Insider Buying and Selling

In related news, CEO Lisa M. Barton bought 1,100 shares of the company’s stock in a transaction that occurred 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 completion of the acquisition, the chief executive officer now directly owns 36,444 shares in the company, valued at $1,769,720.64. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.31% of the stock is owned by corporate insiders.

Alliant Energy Trading Down 1.3 %

Shares of NASDAQ:LNT opened at $47.40 on Wednesday. Alliant Energy Co. has a 52-week low of $45.15 and a 52-week high of $56.26. The stock has a market cap of $12.14 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 2.56 and a beta of 0.55. 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 business has a 50-day moving average price of $48.63 and a 200-day moving average price of $49.45.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Friday, February 16th. The company reported $0.48 earnings per share (EPS) 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 firm had revenue of $961.00 million during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the previous year, the business earned $0.46 earnings per share. Equities analysts predict that Alliant Energy Co. will post 3.07 EPS for the current year.

Alliant Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 4.05%. Alliant Energy’s dividend payout ratio (DPR) is 69.06%.

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.