Signaturefd LLC Sells 1,520 Shares of Alliant Energy Co. (NASDAQ:LNT)

Signaturefd LLC cut its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 27.6% in the 4th quarter, HoldingsChannel reports. The fund owned 3,989 shares of the company’s stock after selling 1,520 shares during the period. Signaturefd LLC’s holdings in Alliant Energy were worth $205,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in LNT. Centennial Wealth Advisory LLC boosted its holdings in Alliant Energy by 3.7% during the 4th quarter. Centennial Wealth Advisory LLC now owns 5,896 shares of the company’s stock worth $302,000 after acquiring an additional 210 shares during the last quarter. IFM Investors Pty Ltd boosted its holdings in Alliant Energy by 0.3% during the fourth quarter. IFM Investors Pty Ltd now owns 79,165 shares of the company’s stock worth $4,061,000 after purchasing an additional 233 shares during the last quarter. Lincoln National Corp boosted its holdings in Alliant Energy by 5.0% during the third quarter. Lincoln National Corp now owns 5,025 shares of the company’s stock worth $243,000 after purchasing an additional 238 shares during the last quarter. Ieq Capital LLC grew its position in Alliant Energy by 2.3% in the 3rd quarter. Ieq Capital LLC now owns 10,573 shares of the company’s stock worth $512,000 after purchasing an additional 241 shares in the last quarter. Finally, Stratos Wealth Partners LTD. increased its stake in Alliant Energy by 6.5% in the 4th 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 and hedge funds own 79.90% of the company’s stock.

Alliant Energy Stock Down 1.3 %

LNT stock opened at $49.59 on Friday. Alliant Energy Co. has a fifty-two week low of $45.15 and a fifty-two week high of $56.26. The stock has a fifty day moving average of $48.90 and a 200-day moving average of $49.55. The company has a market capitalization of $12.70 billion, a price-to-earnings ratio of 17.84, a PEG ratio of 2.65 and a beta of 0.55. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.40 and a current ratio of 0.55.

Alliant Energy (NASDAQ:LNT) last posted its 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). The business had revenue of $961.00 million during the quarter, compared to analysts’ expectations of $1.25 billion. Alliant Energy had a return on equity of 10.85% and a net margin of 17.46%. During the same quarter in the previous year, the business earned $0.46 EPS. As a group, equities research analysts predict that Alliant Energy Co. will post 3.07 earnings per share for the current year.

Alliant Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.92 annualized dividend and a dividend yield of 3.87%. Alliant Energy’s dividend payout ratio is currently 69.06%.

Analysts Set New Price Targets

LNT has been the subject of several recent analyst reports. BMO Capital Markets upped their target price on Alliant Energy from $51.00 to $53.00 and gave the company a “market perform” rating in a report on Monday, April 15th. Barclays reaffirmed an “equal weight” rating and set a $53.00 target price (up from $50.00) on shares of Alliant Energy in a research report on Tuesday, January 2nd. Bank of America cut their price target on shares of Alliant Energy from $55.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. Finally, Scotiabank decreased 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 report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Alliant Energy presently has a consensus rating of “Hold” and an average price target of $51.36.

Insider Transactions at Alliant Energy

In related news, CEO Lisa M. Barton acquired 1,100 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were acquired at an average price of $48.56 per share, with a total value of $53,416.00. Following the acquisition, the chief executive officer now owns 36,444 shares of the company’s stock, valued at approximately $1,769,720.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.31% of the company’s stock.

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.