State of Alaska Department of Revenue Decreases Position in Alliant Energy Co. (NASDAQ:LNT)

State of Alaska Department of Revenue decreased its stake in Alliant Energy Co. (NASDAQ:LNTFree Report) by 7.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 38,347 shares of the company’s stock after selling 3,175 shares during the quarter. State of Alaska Department of Revenue’s holdings in Alliant Energy were worth $1,931,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Centennial Wealth Advisory LLC raised its position in Alliant Energy by 3.7% in the 4th quarter. Centennial Wealth Advisory LLC now owns 5,896 shares of the company’s stock worth $302,000 after purchasing an additional 210 shares during the period. Gables Capital Management Inc. lifted its stake in shares of Alliant Energy by 68.4% during the 4th quarter. Gables Capital Management Inc. now owns 522 shares of the company’s stock worth $27,000 after acquiring an additional 212 shares during the last quarter. IFM Investors Pty Ltd boosted its holdings in 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. Goldstein Advisors LLC grew its position in Alliant Energy by 1.1% in the 4th quarter. Goldstein Advisors LLC now owns 22,093 shares of the company’s stock valued at $1,133,000 after acquiring an additional 240 shares during the last quarter. Finally, Stratos Wealth Partners LTD. increased 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 worth $238,000 after purchasing an additional 285 shares during the period. Institutional investors own 79.90% of the company’s stock.

Analysts Set New Price Targets

LNT has been the topic of a number of research analyst reports. Wells Fargo & Company upped their price target on shares of Alliant Energy from $55.00 to $56.00 and gave the stock an “overweight” rating in a report on Monday, May 6th. BMO Capital Markets raised their target price on shares of Alliant Energy from $51.00 to $53.00 and gave the stock a “market perform” rating in a research report on Monday, April 15th. Bank of America decreased their price target on shares of 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 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 note on Monday, April 22nd. Finally, LADENBURG THALM/SH SH decreased their target price 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $51.38.

Check Out Our Latest Report on Alliant Energy

Alliant Energy Price Performance

LNT opened at $51.59 on Monday. The firm has a market capitalization of $13.23 billion, a PE ratio of 18.76, a price-to-earnings-growth ratio of 2.75 and a beta of 0.56. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.56 and a quick ratio of 0.40. The business’s 50-day moving average is $50.73 and its two-hundred day moving average is $49.79. Alliant Energy Co. has a 1 year low of $45.15 and a 1 year high of $56.26.

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, hitting analysts’ consensus estimates of $0.62. Alliant Energy had a net margin of 17.53% and a return on equity of 10.57%. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the firm earned $0.65 EPS. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. Research analysts anticipate that Alliant Energy Co. will post 3.08 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders 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 annualized dividend and a dividend yield of 3.72%. Alliant Energy’s dividend payout ratio is presently 69.82%.

Alliant Energy 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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