Uncommon Cents Investing LLC Sells 2,574 Shares of Alliant Energy Co. (NASDAQ:LNT)

Uncommon Cents Investing LLC reduced its position in Alliant Energy Co. (NASDAQ:LNT) by 23.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,554 shares of the company’s stock after selling 2,574 shares during the quarter. Uncommon Cents Investing LLC’s holdings in Alliant Energy were worth $439,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of LNT. HighTower Advisors LLC grew its holdings 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. grew its holdings in shares of 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 purchasing an additional 200 shares during the last quarter. Centennial Wealth Advisory LLC grew its holdings in shares of 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 purchasing an additional 210 shares during the last quarter. Fiduciary Trust Co. grew its holdings in shares of 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 purchasing an additional 230 shares during the last quarter. Finally, Accel Wealth Management grew its holdings in shares of 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 purchasing an additional 231 shares during the last quarter. 79.90% of the stock is owned by institutional investors.

Alliant Energy Trading Up 1.3 %

Shares of NASDAQ LNT traded up $0.63 during midday trading on Thursday, reaching $50.40. The stock had a trading volume of 2,540,569 shares, compared to its average volume of 2,044,555. The firm has a market cap of $12.91 billion, a price-to-earnings ratio of 18.13, a price-to-earnings-growth ratio of 2.55 and a beta of 0.55. Alliant Energy Co. has a twelve month low of $45.15 and a twelve month high of $56.26. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.40 and a current ratio of 0.55. The company’s 50 day moving average price is $48.51 and its 200 day moving average price is $49.62.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results 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). Alliant Energy had a return on equity of 10.85% and a net margin of 17.46%. The firm had revenue of $961.00 million during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the firm posted $0.46 EPS. As a group, sell-side analysts expect that Alliant Energy Co. will post 3.07 EPS for the current year.

Alliant Energy Increases Dividend

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

Insider Activity at Alliant Energy

In related news, CEO Lisa M. Barton bought 1,100 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were bought at an average price of $48.56 per share, for a total transaction of $53,416.00. Following the transaction, the chief executive officer now directly owns 36,444 shares of the company’s stock, valued at $1,769,720.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.25% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.