Atria Investments Inc lessened its position in Alliant Energy Co. (NASDAQ:LNT - Free Report) by 12.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 46,332 shares of the company's stock after selling 6,597 shares during the period. Atria Investments Inc's holdings in Alliant Energy were worth $2,740,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Keybank National Association OH acquired a new stake in Alliant Energy in the fourth quarter valued at approximately $388,000. Bahl & Gaynor Inc. lifted its holdings in shares of Alliant Energy by 13.7% in the fourth quarter. Bahl & Gaynor Inc. now owns 402,805 shares of the company's stock valued at $23,822,000 after purchasing an additional 48,641 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Alliant Energy by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,252,913 shares of the company's stock valued at $133,237,000 after purchasing an additional 36,438 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Alliant Energy in the fourth quarter valued at approximately $29,000. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Alliant Energy by 26.1% in the fourth quarter. Jones Financial Companies Lllp now owns 67,082 shares of the company's stock valued at $3,967,000 after purchasing an additional 13,871 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company's stock.
Shares of Alliant Energy stock opened at $62.49 on Friday. The business's fifty day simple moving average is $60.36 and its 200 day simple moving average is $60.19. The firm has a market capitalization of $16.04 billion, a P/E ratio of 23.23, a price-to-earnings-growth ratio of 2.83 and a beta of 0.54. Alliant Energy Co. has a 12 month low of $47.23 and a 12 month high of $66.54. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33.
Alliant Energy (NASDAQ:LNT - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.02. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. The business had revenue of $976.00 million for the quarter, compared to analyst estimates of $1.14 billion. As a group, analysts anticipate that Alliant Energy Co. will post 3.23 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st were given a $0.5075 dividend. This is an increase from Alliant Energy's previous quarterly dividend of $0.48. This represents a $2.03 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend was Friday, January 31st. Alliant Energy's dividend payout ratio (DPR) is currently 75.46%.
A number of research analysts have recently weighed in on LNT shares. Guggenheim restated a "neutral" rating and issued a $57.00 target price on shares of Alliant Energy in a report on Monday, February 24th. BMO Capital Markets raised their target price on Alliant Energy from $60.00 to $66.00 and gave the company a "market perform" rating in a report on Monday, February 24th. Finally, Scotiabank lowered Alliant Energy from a "sector outperform" rating to a "sector perform" rating and raised their target price for the company from $64.00 to $67.00 in a report on Thursday, December 12th. Seven research analysts have rated the stock with 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 price target of $63.25.
Read Our Latest Stock Analysis on 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.
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