Alliant Energy Co. (NASDAQ:LNT) Stock Position Decreased by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC decreased its position in Alliant Energy Co. (NASDAQ:LNT) by 0.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 83,694 shares of the company’s stock after selling 226 shares during the quarter. United Capital Financial Advisors LLC’s holdings in Alliant Energy were worth $4,950,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in shares of Alliant Energy during the 4th quarter valued at $29,000. ORG Partners LLC raised its holdings in Alliant Energy by 517.0% during the fourth quarter. ORG Partners LLC now owns 617 shares of the company’s stock valued at $36,000 after buying an additional 517 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of Alliant Energy by 67.5% in the fourth quarter. Larson Financial Group LLC now owns 722 shares of the company’s stock worth $43,000 after buying an additional 291 shares during the last quarter. WASHINGTON TRUST Co boosted its stake in shares of 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 acquiring an additional 628 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Alliant Energy during the 4th quarter valued at about $53,000. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Price Performance

Shares of LNT stock opened at $60.42 on Thursday. Alliant Energy Co. has a 12 month low of $47.62 and a 12 month high of $66.54. The company has a market capitalization of $15.52 billion, a P/E ratio of 22.46, a P/E/G ratio of 2.83 and a beta of 0.52. The stock has a 50 day moving average of $62.36 and a two-hundred day moving average of $60.82. 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) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. The firm had revenue of $976.00 million for the quarter, compared to the consensus estimate of $1.14 billion. As a group, equities analysts expect that Alliant Energy Co. will post 3.23 EPS for the current year.

Alliant Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be given a $0.5075 dividend. This represents a $2.03 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend is Wednesday, April 30th. Alliant Energy’s dividend payout ratio (DPR) is presently 75.46%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LNT. UBS Group boosted their price objective on shares of Alliant Energy from $65.00 to $68.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. BMO Capital Markets upped their price target on shares of Alliant Energy from $60.00 to $66.00 and gave the company a “market perform” rating in a report on Monday, February 24th. Finally, Guggenheim reiterated a “neutral” rating and issued a $57.00 price objective on shares of Alliant Energy in a research note on Monday, February 24th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $63.55.

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.