Everett Harris & Co. CA Sells 7,600 Shares of Alliant Energy Co. (NASDAQ:LNT)

Everett Harris & Co. CA cut its position in shares of Alliant Energy Co. (NASDAQ:LNT) by 24.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,646 shares of the company’s stock after selling 7,600 shares during the quarter. Everett Harris & Co. CA’s holdings in Alliant Energy were worth $1,213,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. HighTower Advisors LLC increased its position in shares of Alliant Energy by 0.5% during the 1st quarter. HighTower Advisors LLC now owns 40,539 shares of the company’s stock valued at $2,176,000 after purchasing an additional 196 shares during the last quarter. Linscomb & Williams Inc. boosted its holdings in Alliant Energy by 3.9% during the 4th quarter. Linscomb & Williams Inc. now owns 5,298 shares of the company’s stock valued at $293,000 after acquiring an additional 200 shares during the period. Centennial Wealth Advisory LLC boosted its holdings in Alliant Energy by 3.7% during the 4th quarter. Centennial Wealth Advisory LLC now owns 5,896 shares of the company’s stock valued at $302,000 after acquiring an additional 210 shares during the period. Fiduciary Trust Co. boosted its holdings in Alliant Energy by 1.8% during the 1st quarter. Fiduciary Trust Co. now owns 13,046 shares of the company’s stock valued at $697,000 after acquiring an additional 230 shares during the period. Finally, Accel Wealth Management boosted its holdings in Alliant Energy by 4.4% during the 3rd quarter. Accel Wealth Management now owns 5,489 shares of the company’s stock valued at $266,000 after acquiring an additional 231 shares during the period. 79.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on LNT shares. BMO Capital Markets cut Alliant Energy from an “outperform” rating to a “market perform” rating and set a $55.00 target price for the company. in a report on Thursday, January 11th. Barclays restated an “equal weight” rating and set a $53.00 target price (up from $50.00) on shares of Alliant Energy in a report on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $54.06.

Alliant Energy Stock Up 1.3 %

Shares of NASDAQ LNT traded up $0.63 during mid-day trading on Thursday, hitting $50.40. 2,540,569 shares of the stock traded hands, compared to its average volume of 2,044,555. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.40 and a current ratio of 0.55. Alliant Energy Co. has a 52 week low of $45.15 and a 52 week high of $56.26. The company has a market cap of $12.91 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 2.55 and a beta of 0.55. The stock has a fifty day moving average price of $48.51 and a 200-day moving average price of $49.62.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Friday, February 16th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.07). The company had revenue of $961.00 million for the quarter, compared to analysts’ expectations of $1.25 billion. Alliant Energy had a net margin of 17.46% and a return on equity of 10.85%. During the same quarter in the previous year, the firm posted $0.46 EPS. Research analysts anticipate that Alliant Energy Co. will post 3.07 EPS for the current year.

Alliant Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st were paid a dividend of $0.48 per share. This is a boost from Alliant Energy’s previous quarterly dividend of $0.45. The ex-dividend date was Tuesday, January 30th. This represents a $1.92 dividend on an annualized basis and a yield of 3.81%. Alliant Energy’s payout ratio is presently 69.06%.

Insider Buying and Selling at Alliant Energy

In other Alliant Energy news, CEO Lisa M. Barton purchased 1,100 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was purchased at an average price of $48.56 per share, for a total transaction of $53,416.00. Following the completion of the purchase, the chief executive officer now directly owns 36,444 shares of the company’s stock, valued at $1,769,720.64. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.25% of the stock is owned by company insiders.

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.