Van ECK Associates Corp Trims Position in Alliant Energy Co. (NASDAQ:LNT)

Van ECK Associates Corp trimmed its position in Alliant Energy Co. (NASDAQ:LNT) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 60,523 shares of the company’s stock after selling 3,153 shares during the period. Van ECK Associates Corp’s holdings in Alliant Energy were worth $3,105,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in LNT. Centennial Wealth Advisory LLC lifted its position in Alliant Energy by 3.7% during the fourth quarter. Centennial Wealth Advisory LLC now owns 5,896 shares of the company’s stock valued at $302,000 after purchasing an additional 210 shares in the last quarter. IFM Investors Pty Ltd grew its stake in shares of Alliant Energy by 0.3% during the 4th quarter. IFM Investors Pty Ltd now owns 79,165 shares of the company’s stock valued at $4,061,000 after acquiring an additional 233 shares during the period. Lincoln National Corp increased its holdings in Alliant Energy by 5.0% in the 3rd quarter. Lincoln National Corp now owns 5,025 shares of the company’s stock worth $243,000 after acquiring an additional 238 shares in the last quarter. Ieq Capital LLC raised its stake in Alliant Energy by 2.3% during the 3rd quarter. Ieq Capital LLC now owns 10,573 shares of the company’s stock worth $512,000 after acquiring an additional 241 shares during the period. Finally, Stratos Wealth Partners LTD. lifted its holdings in Alliant Energy by 6.5% during the fourth quarter. Stratos Wealth Partners LTD. now owns 4,643 shares of the company’s stock valued at $238,000 after purchasing an additional 285 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors.

Insider Transactions at Alliant Energy

In other Alliant Energy news, CEO Lisa M. Barton purchased 1,100 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was purchased 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 in the company, valued at $1,769,720.64. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

LNT has been the subject of a number of analyst reports. LADENBURG THALM/SH SH reduced their price objective on shares of Alliant Energy from $48.50 to $48.00 and set a “neutral” rating for the company in a research note on Monday, April 29th. BMO Capital Markets increased their price target on Alliant Energy from $51.00 to $53.00 and gave the stock a “market perform” rating in a research note on Monday, April 15th. Bank of America dropped their price objective 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. Scotiabank cut their target price on Alliant Energy from $57.00 to $53.00 and set a “sector outperform” rating for the company in a research report on Monday, April 22nd. Finally, Wells Fargo & Company boosted their price target on Alliant Energy from $55.00 to $56.00 and gave the stock an “overweight” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $51.38.

Alliant Energy Price Performance

NASDAQ:LNT opened at $50.50 on Tuesday. The business’s 50-day moving average is $49.07 and its 200 day moving average is $49.56. Alliant Energy Co. has a 12 month low of $45.15 and a 12 month high of $56.26. The company has a market capitalization of $12.93 billion, a P/E ratio of 18.36, a P/E/G ratio of 2.71 and a beta of 0.54. The company has a current ratio of 0.56, a quick ratio of 0.40 and a debt-to-equity ratio of 1.25.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings data on Friday, May 3rd. The company reported $0.62 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.62. Alliant Energy had a return on equity of 10.57% and a net margin of 17.53%. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the firm earned $0.65 EPS. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. On average, equities research analysts forecast that Alliant Energy Co. will post 3.08 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be paid a $0.48 dividend. The ex-dividend date is Monday, April 29th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.80%. Alliant Energy’s payout ratio is currently 69.82%.

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.