Alliant Energy Co. (NASDAQ:LNT) Shares Sold by Rise Advisors LLC

Rise Advisors LLC cut its position in Alliant Energy Co. (NASDAQ:LNT) by 4.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,274 shares of the company’s stock after selling 254 shares during the period. Rise Advisors LLC’s holdings in Alliant Energy were worth $312,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Massmutual Trust Co. FSB ADV lifted its holdings in Alliant Energy by 7.2% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,605 shares of the company’s stock worth $158,000 after buying an additional 174 shares in the last quarter. Empirical Finance LLC boosted its stake in shares of Alliant Energy by 2.2% in the 3rd quarter. Empirical Finance LLC now owns 8,637 shares of the company’s stock valued at $524,000 after buying an additional 189 shares during the period. Oregon Public Employees Retirement Fund grew its position in shares of Alliant Energy by 0.9% during the second quarter. Oregon Public Employees Retirement Fund now owns 21,979 shares of the company’s stock worth $1,119,000 after buying an additional 200 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Alliant Energy by 0.3% during the second quarter. Arizona State Retirement System now owns 70,426 shares of the company’s stock worth $3,585,000 after buying an additional 239 shares during the period. Finally, Centennial Wealth Advisory LLC raised its holdings in Alliant Energy by 4.0% in the third quarter. Centennial Wealth Advisory LLC now owns 6,433 shares of the company’s stock valued at $390,000 after acquiring an additional 250 shares in the last quarter. 79.90% of the stock is owned by institutional investors and hedge funds.

Alliant Energy Stock Performance

LNT traded up $0.17 on Tuesday, hitting $57.48. 393,839 shares of the company traded hands, compared to its average volume of 1,211,060. The company has a 50 day moving average of $60.19 and a 200-day moving average of $58.26. Alliant Energy Co. has a 12-month low of $46.80 and a 12-month high of $64.19. The stock has a market capitalization of $14.75 billion, a PE ratio of 22.28, a PEG ratio of 2.98 and a beta of 0.60. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings data on Thursday, October 31st. The company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.05. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. Alliant Energy had a net margin of 16.66% and a return on equity of 10.56%. Alliant Energy’s quarterly revenue was up .4% on a year-over-year basis. During the same period last year, the firm posted $1.05 EPS. Sell-side analysts anticipate that Alliant Energy Co. will post 3.04 earnings per share for the current year.

Alliant Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a $0.48 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.92 dividend on an annualized basis and a yield of 3.34%. Alliant Energy’s payout ratio is currently 74.42%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on LNT shares. Mizuho raised their price objective on shares of Alliant Energy from $52.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, October 4th. Barclays dropped their price objective on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. Scotiabank downgraded Alliant Energy from a “sector outperform” rating to a “sector perform” rating and upped their price target for the company from $64.00 to $67.00 in a report on Thursday, December 12th. Wells Fargo & Company cut their price objective on shares of Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Finally, BMO Capital Markets dropped their price objective on Alliant Energy from $65.00 to $61.00 and set a “market perform” rating on the stock in a report on Monday, November 4th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $63.39.

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.