Alliant Energy Co. (NASDAQ:LNT) Stake Cut by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. cut its position in shares of Alliant Energy Co. (NASDAQ:LNT) by 1.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 31,824 shares of the company’s stock after selling 369 shares during the period. Crossmark Global Holdings Inc.’s holdings in Alliant Energy were worth $1,882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in LNT. 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 worth $26,000 after purchasing an additional 425 shares during the last quarter. Northwest Investment Counselors LLC bought a new stake in Alliant Energy in the third quarter valued at $28,000. Eastern Bank bought a new stake in Alliant Energy in the third quarter valued at $30,000. JNBA Financial Advisors bought a new stake in Alliant Energy in the third quarter valued at $31,000. Finally, ORG Partners LLC lifted its stake in Alliant Energy by 517.0% in the fourth quarter. ORG Partners LLC now owns 617 shares of the company’s stock valued at $36,000 after buying an additional 517 shares during the last quarter. 79.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Alliant Energy Price Performance

NASDAQ:LNT opened at $58.69 on Friday. The business’s 50-day moving average price is $60.22 and its 200 day moving average price is $58.86. The firm has a market cap of $15.06 billion, a P/E ratio of 22.75, a PEG ratio of 2.86 and a beta of 0.60. Alliant Energy Co. has a 52-week low of $46.80 and a 52-week high of $64.19. The company has a quick ratio of 0.72, a current ratio of 0.86 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 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.05. The firm had revenue of $1.08 billion for 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%. Alliant Energy’s revenue was up .4% on a year-over-year basis. During the same quarter last year, the business posted $1.05 EPS. As a group, sell-side analysts predict that Alliant Energy Co. will post 3.04 earnings per share for the current fiscal year.

Alliant Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 31st will be paid a $0.5075 dividend. The ex-dividend date is Friday, January 31st. This represents a $2.03 dividend on an annualized basis and a yield of 3.46%. This is a boost from Alliant Energy’s previous quarterly dividend of $0.48. Alliant Energy’s dividend payout ratio (DPR) is currently 74.42%.

Alliant Energy Company 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.