Alliant Energy Co. (NASDAQ:LNT) Stock Position Lowered by Dean Investment Associates LLC

Dean Investment Associates LLC decreased its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 2.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 150,331 shares of the company’s stock after selling 3,523 shares during the quarter. Alliant Energy comprises approximately 1.3% of Dean Investment Associates LLC’s holdings, making the stock its 7th biggest holding. Dean Investment Associates LLC’s holdings in Alliant Energy were worth $8,891,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. RDA Financial Network increased its stake in Alliant Energy by 2.4% during the 4th quarter. RDA Financial Network now owns 7,990 shares of the company’s stock worth $473,000 after buying an additional 184 shares during the period. Global Retirement Partners LLC grew its stake in shares of Alliant Energy by 8.2% during the fourth quarter. Global Retirement Partners LLC now owns 2,509 shares of the company’s stock valued at $148,000 after acquiring an additional 191 shares in the last quarter. Savant Capital LLC increased its position in shares of Alliant Energy by 1.5% during the fourth quarter. Savant Capital LLC now owns 15,937 shares of the company’s stock worth $942,000 after acquiring an additional 237 shares during the last quarter. City State Bank lifted its stake in shares of Alliant Energy by 0.4% in the fourth quarter. City State Bank now owns 71,547 shares of the company’s stock worth $4,231,000 after acquiring an additional 257 shares in the last quarter. Finally, Accredited Investors Inc. boosted its holdings in Alliant Energy by 7.6% in the fourth quarter. Accredited Investors Inc. now owns 3,691 shares of the company’s stock valued at $218,000 after purchasing an additional 262 shares during the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on LNT shares. Guggenheim reaffirmed a “neutral” rating and issued a $57.00 target price on shares of Alliant Energy in a research report on Monday, February 24th. UBS Group upped their price target on shares of Alliant Energy from $65.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Finally, BMO Capital Markets increased their price objective on shares of Alliant Energy from $60.00 to $66.00 and gave the company a “market perform” rating 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 company’s stock. According to MarketBeat, Alliant Energy currently has an average rating of “Hold” and an average target price of $63.55.

Alliant Energy Stock Down 1.9 %

LNT stock opened at $60.42 on Thursday. The firm has a market cap of $15.52 billion, a price-to-earnings ratio of 22.46, a PEG ratio of 2.83 and a beta of 0.52. Alliant Energy Co. has a 1-year low of $47.62 and a 1-year high of $66.54. The firm has a fifty day moving average price of $62.36 and a two-hundred day moving average price of $60.82. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72.

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

Alliant Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.5075 per share. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date is Wednesday, April 30th. Alliant Energy’s payout ratio is 75.46%.

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.