Raymond James & Associates Sells 6,914 Shares of Alliant Energy Co. (NASDAQ:LNT)

Raymond James & Associates decreased its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 212,915 shares of the company’s stock after selling 6,914 shares during the period. Raymond James & Associates owned approximately 0.08% of Alliant Energy worth $10,923,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its position in Alliant Energy by 0.5% during the first 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 in the last quarter. Linscomb & Williams Inc. raised its position in Alliant Energy by 3.9% during the fourth quarter. Linscomb & Williams Inc. now owns 5,298 shares of the company’s stock valued at $293,000 after purchasing an additional 200 shares in the last quarter. Fiduciary Trust Co. raised its position in Alliant Energy by 1.8% during the first quarter. Fiduciary Trust Co. now owns 13,046 shares of the company’s stock valued at $697,000 after purchasing an additional 230 shares in the last quarter. Accel Wealth Management raised its position in Alliant Energy by 4.4% during the third quarter. Accel Wealth Management now owns 5,489 shares of the company’s stock valued at $266,000 after purchasing an additional 231 shares in the last quarter. Finally, IFM Investors Pty Ltd raised its position in Alliant Energy by 0.3% during the fourth quarter. IFM Investors Pty Ltd now owns 79,165 shares of the company’s stock valued at $4,061,000 after purchasing an additional 233 shares in the last quarter. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Down 0.6 %

NASDAQ LNT opened at $49.13 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.55 and a quick ratio of 0.40. The stock has a market capitalization of $12.58 billion, a PE ratio of 17.67, a PEG ratio of 2.64 and a beta of 0.55. Alliant Energy Co. has a 1 year low of $45.15 and a 1 year high of $56.26. The business’s 50-day moving average is $48.65 and its 200 day moving average is $49.57.

Alliant Energy (NASDAQ:LNT) last posted its earnings results on Friday, February 16th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.07). The business had revenue of $961.00 million during the quarter, compared to the consensus estimate of $1.25 billion. Alliant Energy had a return on equity of 10.85% and a net margin of 17.46%. During the same period in the previous year, the business earned $0.46 earnings per share. Sell-side analysts forecast that Alliant Energy Co. will post 3.07 earnings per share for the current year.

Alliant Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Wednesday, January 31st were paid a $0.48 dividend. The ex-dividend date of this dividend was Tuesday, January 30th. This is a boost from Alliant Energy’s previous quarterly dividend of $0.45. This represents a $1.92 annualized dividend and a dividend yield of 3.91%. Alliant Energy’s dividend payout ratio (DPR) is presently 69.06%.

Insider Buying and Selling

In other news, CEO Lisa M. Barton acquired 1,100 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were acquired at an average cost of $48.56 per share, with a total value of $53,416.00. Following the transaction, the chief executive officer now owns 36,444 shares in the company, valued at approximately $1,769,720.64. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.25% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. BMO Capital Markets downgraded Alliant Energy from an “outperform” rating to a “market perform” rating and set a $55.00 price target on the stock. in a research report on Thursday, January 11th. Barclays reiterated an “equal weight” rating and issued a $53.00 price objective (up previously 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 given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Alliant Energy has a consensus rating of “Hold” and a consensus target price of $54.06.

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.