Alliant Energy Co. (NASDAQ:LNT) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in Alliant Energy Co. (NASDAQ:LNT) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 67,140 shares of the company’s stock after selling 2,397 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Alliant Energy were worth $3,971,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Larson Financial Group LLC lifted its stake in Alliant Energy by 7,083.3% during the third quarter. Larson Financial Group LLC now owns 431 shares of the company’s stock valued at $26,000 after buying an additional 425 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Alliant Energy in the 4th quarter valued at approximately $29,000. ORG Partners LLC boosted its stake in Alliant Energy by 517.0% in the 4th quarter. ORG Partners LLC now owns 617 shares of the company’s stock worth $36,000 after purchasing an additional 517 shares during the period. WASHINGTON TRUST Co grew its position in 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 purchasing an additional 628 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Alliant Energy during the 4th quarter valued at $53,000. 79.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

LNT has been the topic of a number of research analyst reports. Scotiabank downgraded Alliant Energy from a “sector outperform” rating to a “sector perform” rating and lifted their price target for the company from $64.00 to $67.00 in a report on Thursday, December 12th. BMO Capital Markets upped their target price on 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 restated a “neutral” rating and set a $57.00 price target on shares of Alliant Energy in a report 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. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $63.25.

Alliant Energy Price Performance

Shares of LNT opened at $62.95 on Friday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86. The firm has a market cap of $16.16 billion, a PE ratio of 23.40, a PEG ratio of 2.83 and a beta of 0.54. Alliant Energy Co. has a twelve month low of $47.23 and a twelve month high of $66.54. The firm’s 50 day moving average price is $60.73 and its 200 day moving average price is $60.35.

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

Alliant Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 31st were paid a $0.5075 dividend. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.22%. This is an increase from Alliant Energy’s previous quarterly dividend of $0.48. The ex-dividend date was Friday, January 31st. Alliant Energy’s dividend payout ratio (DPR) is presently 75.46%.

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.