Alliant Energy Co. (NASDAQ:LNT) Stock Position Trimmed by Liberty One Investment Management LLC

Liberty One Investment Management LLC lowered its position in Alliant Energy Co. (NASDAQ:LNT) by 0.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 538,617 shares of the company’s stock after selling 1,619 shares during the period. Alliant Energy makes up approximately 3.5% of Liberty One Investment Management LLC’s investment portfolio, making the stock its 2nd largest holding. Liberty One Investment Management LLC owned 0.21% of Alliant Energy worth $31,854,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Massmutual Trust Co. FSB ADV boosted its stake in shares of Alliant Energy by 7.2% in the third 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 during the last quarter. RDA Financial Network lifted its holdings in Alliant Energy by 2.4% in the fourth quarter. RDA Financial Network now owns 7,990 shares of the company’s stock valued at $473,000 after acquiring an additional 184 shares during the period. Empirical Finance LLC boosted its position in Alliant Energy by 2.2% in the 3rd quarter. Empirical Finance LLC now owns 8,637 shares of the company’s stock worth $524,000 after purchasing an additional 189 shares in the last quarter. Centennial Wealth Advisory LLC grew its stake in shares of Alliant Energy by 4.0% during the 3rd quarter. Centennial Wealth Advisory LLC now owns 6,433 shares of the company’s stock worth $390,000 after purchasing an additional 250 shares during the period. Finally, Bleakley Financial Group LLC increased its holdings in shares of Alliant Energy by 3.0% during the 3rd quarter. Bleakley Financial Group LLC now owns 8,744 shares of the company’s stock valued at $531,000 after purchasing an additional 251 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Wall Street Analysts Forecast Growth

LNT has been the topic of a number of recent analyst reports. BMO Capital Markets lowered their price target on shares of Alliant Energy from $65.00 to $61.00 and set a “market perform” rating on the stock in a report on Monday, November 4th. Wells Fargo & Company lowered their target price on shares of Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Barclays cut their price target on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. Scotiabank downgraded Alliant Energy from a “sector outperform” rating to a “sector perform” rating and increased their price target for the stock from $64.00 to $67.00 in a research report on Thursday, December 12th. Finally, Mizuho boosted their price objective on Alliant Energy from $52.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, October 4th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Alliant Energy currently has a consensus rating of “Hold” and an average price target of $63.39.

Alliant Energy Price Performance

NASDAQ:LNT opened at $60.55 on Friday. The stock has a 50 day moving average of $60.21 and a two-hundred day moving average of $58.62. Alliant Energy Co. has a 12 month low of $46.80 and a 12 month high of $64.19. The firm has a market cap of $15.54 billion, a P/E ratio of 23.47, a price-to-earnings-growth ratio of 2.65 and a beta of 0.60. 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 issued its quarterly earnings results on Thursday, October 31st. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.10 by $0.05. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Alliant Energy had a return on equity of 10.56% and a net margin of 16.66%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the business earned $1.05 earnings per share. On average, analysts expect that Alliant Energy Co. will post 3.04 earnings per share for the current fiscal year.

Alliant Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st will be paid a $0.5075 dividend. This is an increase from Alliant Energy’s previous quarterly dividend of $0.48. This represents a $2.03 annualized dividend and a dividend yield of 3.35%. Alliant Energy’s dividend payout ratio (DPR) is currently 74.42%.

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.