Alliant Energy Co. (NASDAQ:LNT) Shares Sold by Everett Harris & Co. CA

Everett Harris & Co. CA cut its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 24.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 23,646 shares of the company’s stock after selling 7,600 shares during the period. Everett Harris & Co. CA’s holdings in Alliant Energy were worth $1,213,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. HighTower Advisors LLC grew its position in shares of Alliant Energy by 0.5% during the 1st quarter. HighTower Advisors LLC now owns 40,539 shares of the company’s stock valued at $2,176,000 after acquiring an additional 196 shares during the period. Linscomb & Williams Inc. grew its position in shares of Alliant Energy by 3.9% during the 4th quarter. Linscomb & Williams Inc. now owns 5,298 shares of the company’s stock valued at $293,000 after acquiring an additional 200 shares during the period. Centennial Wealth Advisory LLC grew its position in shares of Alliant Energy by 3.7% during the 4th quarter. Centennial Wealth Advisory LLC now owns 5,896 shares of the company’s stock valued at $302,000 after acquiring an additional 210 shares during the period. Fiduciary Trust Co. grew its position in shares of Alliant Energy by 1.8% during the 1st quarter. Fiduciary Trust Co. now owns 13,046 shares of the company’s stock valued at $697,000 after acquiring an additional 230 shares during the period. Finally, Accel Wealth Management grew its position in shares of Alliant Energy by 4.4% during the 3rd quarter. Accel Wealth Management now owns 5,489 shares of the company’s stock valued at $266,000 after acquiring an additional 231 shares during the period. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on LNT shares. Barclays reiterated an “equal weight” rating and issued a $53.00 price objective (up from $50.00) on shares of Alliant Energy in a report on Tuesday, January 2nd. BMO Capital Markets cut Alliant Energy from an “outperform” rating to a “market perform” rating and set a $55.00 price objective on the stock. in a report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $54.06.

Alliant Energy Price Performance

Shares of Alliant Energy stock traded up $0.63 on Thursday, hitting $50.40. 2,540,569 shares of the company were exchanged, compared to its average volume of 2,044,555. The stock has a market capitalization of $12.91 billion, a price-to-earnings ratio of 18.13, a price-to-earnings-growth ratio of 2.55 and a beta of 0.55. The company has a 50-day moving average price of $48.51 and a 200 day moving average price of $49.62. Alliant Energy Co. has a 1-year low of $45.15 and a 1-year high of $56.26. The company has a quick ratio of 0.40, a current ratio of 0.55 and a debt-to-equity ratio of 1.21.

Alliant Energy (NASDAQ:LNT) last issued its earnings results on Friday, February 16th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.07). The company had revenue of $961.00 million for the quarter, compared to analyst estimates of $1.25 billion. Alliant Energy had a return on equity of 10.85% and a net margin of 17.46%. During the same quarter in the prior year, the firm earned $0.46 earnings per share. As a group, sell-side analysts predict that Alliant Energy Co. will post 3.07 earnings per share for the current fiscal year.

Alliant Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend was Tuesday, January 30th. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.45. Alliant Energy’s payout ratio is presently 69.06%.

Insider Activity

In other news, CEO Lisa M. Barton purchased 1,100 shares of Alliant Energy stock in a transaction dated Tuesday, February 20th. The shares were purchased at an average price of $48.56 per share, with a total value of $53,416.00. Following the transaction, 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 SEC, which is available through this link. Corporate insiders own 0.25% of the company’s stock.

Alliant Energy Profile

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.