Carnegie Investment Counsel Sells 9,113 Shares of Alliant Energy Corporation $LNT

Carnegie Investment Counsel trimmed its holdings in shares of Alliant Energy Corporation (NASDAQ:LNT) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 613,708 shares of the company’s stock after selling 9,113 shares during the period. Carnegie Investment Counsel owned about 0.24% of Alliant Energy worth $39,897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LNT. Measured Wealth Private Client Group LLC bought a new position in Alliant Energy during the 3rd quarter worth about $27,000. MRP Capital Investments LLC bought a new position in Alliant Energy during the 3rd quarter worth about $35,000. Hantz Financial Services Inc. grew its holdings in Alliant Energy by 256.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 560 shares of the company’s stock worth $38,000 after acquiring an additional 403 shares in the last quarter. Capital A Wealth Management LLC grew its holdings in Alliant Energy by 5,709.1% during the 2nd quarter. Capital A Wealth Management LLC now owns 639 shares of the company’s stock worth $39,000 after acquiring an additional 628 shares in the last quarter. Finally, CYBER HORNET ETFs LLC bought a new position in Alliant Energy during the 2nd quarter worth about $40,000. 79.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LNT. Wall Street Zen cut shares of Alliant Energy from a “hold” rating to a “sell” rating in a report on Sunday, March 1st. Wells Fargo & Company restated an “overweight” rating and issued a $75.00 price target on shares of Alliant Energy in a report on Sunday, February 22nd. UBS Group set a $75.00 price target on shares of Alliant Energy and gave the company a “buy” rating in a report on Wednesday, December 17th. Royal Bank Of Canada began coverage on shares of Alliant Energy in a report on Wednesday, March 11th. They issued an “outperform” rating and a $82.00 price target on the stock. Finally, Mizuho raised their price target on shares of Alliant Energy from $73.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, March 16th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Alliant Energy has a consensus rating of “Moderate Buy” and an average target price of $75.44.

Alliant Energy Stock Down 0.8%

NASDAQ:LNT opened at $73.10 on Friday. The stock has a market capitalization of $18.88 billion, a P/E ratio of 23.21, a P/E/G ratio of 3.02 and a beta of 0.61. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.66 and a current ratio of 0.80. The company’s 50-day simple moving average is $70.75 and its 200-day simple moving average is $68.15. Alliant Energy Corporation has a fifty-two week low of $58.67 and a fifty-two week high of $74.40.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Friday, February 20th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.58 by $0.02. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $673.11 million. Alliant Energy had a net margin of 18.57% and a return on equity of 11.51%. Alliant Energy’s revenue was up 9.0% on a year-over-year basis. During the same period last year, the firm posted $0.70 EPS. On average, equities analysts anticipate that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, January 30th were given a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, January 30th. This is an increase from Alliant Energy’s previous quarterly dividend of $0.51. Alliant Energy’s payout ratio is 67.94%.

Alliant Energy Company Profile

Alliant Energy Corporation (NASDAQ: LNT) is a publicly traded energy holding company headquartered in Madison, Wisconsin, that provides regulated electric and natural gas utility services in the American Midwest. The company serves customers primarily in Wisconsin and Iowa through its regulated utility subsidiaries and operates as an integrated provider responsible for generation, transmission and distribution of energy to residential, commercial and industrial customers.

Alliant Energy’s core activities include operating and maintaining electric generation assets, managing the regional transmission and distribution network, and delivering natural gas service to its franchise territories.