Securian Asset Management Inc. Sells 361 Shares of Alliant Energy Co. (NASDAQ:LNT)

Securian Asset Management Inc. lessened its holdings in Alliant Energy Co. (NASDAQ:LNT) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,791 shares of the company’s stock after selling 361 shares during the quarter. Securian Asset Management Inc.’s holdings in Alliant Energy were worth $816,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in LNT. Sumitomo Mitsui Trust Group Inc. increased its holdings in Alliant Energy by 2.6% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 588,744 shares of the company’s stock worth $35,731,000 after buying an additional 14,740 shares during the last quarter. OneDigital Investment Advisors LLC increased its holdings in Alliant Energy by 9.0% during the third quarter. OneDigital Investment Advisors LLC now owns 7,631 shares of the company’s stock worth $463,000 after buying an additional 631 shares during the last quarter. CIBC Asset Management Inc increased its holdings in Alliant Energy by 6.9% during the third quarter. CIBC Asset Management Inc now owns 44,563 shares of the company’s stock worth $2,694,000 after buying an additional 2,894 shares during the last quarter. Empirical Finance LLC increased its holdings in Alliant Energy by 2.2% during the third quarter. Empirical Finance LLC now owns 8,637 shares of the company’s stock worth $524,000 after buying an additional 189 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in Alliant Energy by 9.5% during the third quarter. Empowered Funds LLC now owns 4,867 shares of the company’s stock worth $295,000 after buying an additional 424 shares during the last quarter. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Trading Up 1.2 %

LNT stock opened at $62.95 on Friday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86. The company’s 50-day simple moving average is $60.73 and its 200 day simple moving average is $60.35. Alliant Energy Co. has a 52 week low of $47.23 and a 52 week high of $66.54. The company has a market capitalization of $16.16 billion, a PE ratio of 23.40, a price-to-earnings-growth ratio of 2.83 and a beta of 0.54.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.68 by $0.02. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. The business had revenue of $976.00 million for the quarter, compared to the consensus estimate of $1.14 billion. As a group, sell-side analysts anticipate that Alliant Energy Co. will post 3.23 earnings per share for the current year.

Alliant Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 31st were paid a $0.5075 dividend. The ex-dividend date was Friday, January 31st. This is an increase from Alliant Energy’s previous quarterly dividend of $0.48. This represents a $2.03 annualized dividend and a dividend yield of 3.22%. Alliant Energy’s dividend payout ratio is 75.46%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LNT. Guggenheim restated a “neutral” rating and set a $57.00 target price on shares of Alliant Energy in a report on Monday, February 24th. BMO Capital Markets boosted their target price on shares of Alliant Energy from $60.00 to $66.00 and gave the stock a “market perform” rating in a report on Monday, February 24th. Finally, Scotiabank downgraded shares of Alliant Energy from a “sector outperform” rating to a “sector perform” rating and upped their price objective for the company from $64.00 to $67.00 in a report on Thursday, December 12th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $63.25.

About 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.