Cwm LLC Sells 2,406 Shares of Alliant Energy Co. (NASDAQ:LNT)

Cwm LLC decreased its position in Alliant Energy Co. (NASDAQ:LNT) by 13.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 15,386 shares of the company’s stock after selling 2,406 shares during the quarter. Cwm LLC’s holdings in Alliant Energy were worth $789,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Adage Capital Partners GP L.L.C. grew its stake in shares of Alliant Energy by 289.7% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 976,308 shares of the company’s stock worth $47,302,000 after buying an additional 725,800 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Alliant Energy by 3,199.4% in the third quarter. Assenagon Asset Management S.A. now owns 728,234 shares of the company’s stock worth $35,283,000 after acquiring an additional 706,162 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Alliant Energy by 3.3% during the third quarter. Victory Capital Management Inc. now owns 8,689,427 shares of the company’s stock valued at $421,003,000 after acquiring an additional 278,406 shares in the last quarter. Bank of Nova Scotia raised its position in shares of Alliant Energy by 1,001.0% in the 3rd quarter. Bank of Nova Scotia now owns 239,953 shares of the company’s stock worth $11,626,000 after purchasing an additional 218,158 shares during the last quarter. Finally, ING Groep NV bought a new position in Alliant Energy in the 3rd quarter worth about $8,659,000. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. BMO Capital Markets raised their price objective on shares of Alliant Energy from $51.00 to $53.00 and gave the company a “market perform” rating in a research note on Monday, April 15th. Barclays reaffirmed an “equal weight” rating and issued a $53.00 price objective (up from $50.00) on shares of Alliant Energy in a research report on Tuesday, January 2nd. LADENBURG THALM/SH SH cut their target price on Alliant Energy from $48.50 to $48.00 and set a “neutral” rating on the stock in a research note on Monday. 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. Finally, Scotiabank dropped their price objective on Alliant Energy from $57.00 to $53.00 and set a “sector outperform” rating on the stock in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $50.71.

Insider Buying and Selling

In related news, CEO Lisa M. Barton purchased 1,100 shares of Alliant Energy stock in a transaction on Tuesday, February 20th. The stock was acquired at an average price of $48.56 per share, for a total transaction of $53,416.00. Following the completion of the transaction, the chief executive officer now directly owns 36,444 shares in the company, valued at approximately $1,769,720.64. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 0.31% of the stock is owned by insiders.

Alliant Energy Stock Up 1.3 %

LNT stock opened at $49.77 on Tuesday. The company has a market cap of $12.75 billion, a price-to-earnings ratio of 17.90, a P/E/G 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. The business’s 50-day moving average is $48.93 and its two-hundred day moving average is $49.55. Alliant Energy Co. has a fifty-two week low of $45.15 and a fifty-two week high of $56.26.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings data 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 the consensus estimate 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 last year, the company earned $0.46 EPS. As a group, analysts forecast that Alliant Energy Co. will post 3.07 earnings per share for the current year.

Alliant Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date is Monday, April 29th. Alliant Energy’s payout ratio is 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.