Xponance Inc. Sells 2,206 Shares of Alliant Energy Co. (NASDAQ:LNT)

Xponance Inc. reduced its position in shares of Alliant Energy Co. (NASDAQ:LNT) by 6.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,465 shares of the company’s stock after selling 2,206 shares during the period. Xponance Inc.’s holdings in Alliant Energy were worth $1,665,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of LNT. Adage Capital Partners GP L.L.C. raised its stake in Alliant Energy by 289.7% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 976,308 shares of the company’s stock valued at $47,302,000 after purchasing an additional 725,800 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Alliant Energy by 3,199.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 728,234 shares of the company’s stock valued at $35,283,000 after purchasing an additional 706,162 shares during the last quarter. Victory Capital Management Inc. raised its stake in Alliant Energy by 3.3% during the 3rd quarter. Victory Capital Management Inc. now owns 8,689,427 shares of the company’s stock valued at $421,003,000 after purchasing an additional 278,406 shares during the last quarter. Bank of Nova Scotia raised its stake in Alliant Energy by 1,001.0% during the 3rd quarter. Bank of Nova Scotia now owns 239,953 shares of the company’s stock valued at $11,626,000 after purchasing an additional 218,158 shares during the last quarter. Finally, ING Groep NV acquired a new position in Alliant Energy during the 3rd quarter valued at $8,659,000. 79.90% of the stock is owned by institutional investors.

Alliant Energy Trading Up 0.2 %

Shares of LNT stock opened at $49.97 on Wednesday. Alliant Energy Co. has a 12-month low of $45.15 and a 12-month high of $56.26. The company has a market capitalization of $12.80 billion, a P/E ratio of 17.97, a P/E/G ratio of 2.66 and a beta of 0.55. The firm has a 50-day moving average price of $48.79 and a 200 day moving average price of $49.53. The company has a quick ratio of 0.40, a current ratio of 0.55 and a debt-to-equity ratio of 1.21.

Alliant Energy (NASDAQ:LNT) last announced its quarterly 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). Alliant Energy had a net margin of 17.46% and a return on equity of 10.85%. The firm had revenue of $961.00 million for the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the prior year, the business earned $0.46 earnings per share. Research analysts forecast that Alliant Energy Co. will post 3.07 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend is Monday, April 29th. Alliant Energy’s dividend payout ratio is currently 69.06%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LNT. Barclays reiterated an “equal weight” rating and set a $53.00 target price (up from $50.00) on shares of Alliant Energy in a research note on Tuesday, January 2nd. Bank of America reduced their price objective on shares of Alliant Energy from $55.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, April 11th. BMO Capital Markets raised their price objective on shares of Alliant Energy from $51.00 to $53.00 and gave the stock a “market perform” rating in a report on Monday, April 15th. Finally, Scotiabank reduced their price objective on shares of Alliant Energy from $57.00 to $53.00 and set a “sector outperform” rating for the company in a report on Monday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $51.36.

Insider Activity at Alliant Energy

In related news, CEO Lisa M. Barton acquired 1,100 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 36,444 shares of the company’s stock, valued at approximately $1,769,720.64. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.31% of the stock is currently owned by 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.