Alliant Energy Co. (NASDAQ:LNT) Shares Sold by Northwest Wealth Management LLC

Northwest Wealth Management LLC decreased its holdings in Alliant Energy Co. (NASDAQ:LNT) by 6.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,349 shares of the company’s stock after selling 519 shares during the quarter. Northwest Wealth Management LLC’s holdings in Alliant Energy were worth $435,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Larson Financial Group LLC increased its stake in Alliant Energy by 7,083.3% during the 3rd quarter. Larson Financial Group LLC now owns 431 shares of the company’s stock worth $26,000 after buying an additional 425 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Alliant Energy during the 4th quarter worth approximately $29,000. ORG Partners LLC increased its stake in Alliant Energy by 517.0% during the 4th quarter. ORG Partners LLC now owns 617 shares of the company’s stock worth $36,000 after buying an additional 517 shares in the last quarter. WASHINGTON TRUST Co increased its stake in Alliant Energy by 251.2% during the 4th quarter. WASHINGTON TRUST Co now owns 878 shares of the company’s stock worth $52,000 after buying an additional 628 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new stake in Alliant Energy during the 4th quarter worth approximately $53,000. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Trading Up 0.1 %

Shares of Alliant Energy stock opened at $62.23 on Friday. The firm has a market capitalization of $15.97 billion, a price-to-earnings ratio of 23.13, a PEG ratio of 2.83 and a beta of 0.54. Alliant Energy Co. has a fifty-two week low of $47.23 and a fifty-two week high of $66.54. 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 stock has a 50 day moving average of $60.64 and a 200 day moving average of $60.30.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.02. The company had revenue of $976.00 million during the quarter, compared to analyst estimates of $1.14 billion. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. As a group, research analysts predict that Alliant Energy Co. will post 3.23 earnings per share for the current year.

Alliant Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st were paid a dividend of $0.5075 per share. This represents a $2.03 dividend on an annualized basis and a yield of 3.26%. This is a boost from Alliant Energy’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, January 31st. Alliant Energy’s dividend payout ratio is 75.46%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on LNT shares. BMO Capital Markets boosted their price objective on Alliant Energy from $60.00 to $66.00 and gave the stock a “market perform” rating in a research note on Monday, February 24th. Scotiabank lowered Alliant Energy from a “sector outperform” rating to a “sector perform” rating and boosted their price objective for the stock from $64.00 to $67.00 in a research note on Thursday, December 12th. Finally, Guggenheim reiterated a “neutral” rating and set a $57.00 price objective on shares of Alliant Energy in a research note on Monday, February 24th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Alliant Energy currently has an average rating of “Hold” and a consensus price target of $63.25.

Alliant Energy Company 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.