Crossmark Global Holdings Inc. Has $1.53 Million Stake in Alliant Energy Co. (NASDAQ:LNT)

Crossmark Global Holdings Inc. grew its holdings in Alliant Energy Co. (NASDAQ:LNTFree Report) by 4.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,827 shares of the company’s stock after purchasing an additional 1,347 shares during the period. Crossmark Global Holdings Inc.’s holdings in Alliant Energy were worth $1,530,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Rafferty Asset Management LLC increased its holdings in Alliant Energy by 10.5% in the fourth quarter. Rafferty Asset Management LLC now owns 28,472 shares of the company’s stock worth $1,461,000 after buying an additional 2,715 shares during the last quarter. KBC Group NV grew its holdings in Alliant Energy by 60.4% during the fourth quarter. KBC Group NV now owns 18,828 shares of the company’s stock valued at $966,000 after purchasing an additional 7,092 shares during the last quarter. Shepherd Financial Partners LLC acquired a new position in Alliant Energy during the fourth quarter valued at approximately $205,000. Crestline Management LP grew its holdings in Alliant Energy by 15.3% during the fourth quarter. Crestline Management LP now owns 116,110 shares of the company’s stock valued at $5,956,000 after purchasing an additional 15,384 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC grew its holdings in Alliant Energy by 8.9% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 108,488 shares of the company’s stock valued at $5,565,000 after purchasing an additional 8,891 shares during the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on LNT shares. Scotiabank reduced their price objective 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. BMO Capital Markets increased their price objective on Alliant Energy from $51.00 to $53.00 and gave the company a “market perform” rating in a research report on Monday, April 15th. LADENBURG THALM/SH SH reduced their price objective on Alliant Energy from $48.50 to $48.00 and set a “neutral” rating for the company in a research report on Monday, April 29th. Bank of America reduced their price objective on Alliant Energy from $55.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. Finally, Wells Fargo & Company increased their price objective on Alliant Energy from $55.00 to $56.00 and gave the company an “overweight” rating in a research report on Monday, May 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $51.38.

Get Our Latest Research Report on Alliant Energy

Alliant Energy Stock Down 0.8 %

Shares of LNT stock opened at $50.13 on Friday. The stock has a market cap of $12.85 billion, a P/E ratio of 18.23, a price-to-earnings-growth ratio of 2.67 and a beta of 0.57. Alliant Energy Co. has a one year low of $45.15 and a one year high of $56.26. The stock has a fifty day moving average price of $50.22 and a 200 day moving average price of $49.86. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.56 and a quick ratio of 0.40.

Alliant Energy (NASDAQ:LNTGet Free Report) last issued its quarterly earnings data on Friday, May 3rd. The company reported $0.62 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.62. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Alliant Energy had a return on equity of 10.57% and a net margin of 17.53%. The business’s revenue was down 4.3% on a year-over-year basis. During the same period last year, the business earned $0.65 earnings per share. Analysts predict that Alliant Energy Co. will post 3.08 earnings per share for the current year.

Alliant Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were issued a dividend of $0.48 per share. The ex-dividend date was Monday, April 29th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.83%. Alliant Energy’s payout ratio is presently 69.82%.

Alliant Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Alliant Energy (NASDAQ:LNT)

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