Oarsman Capital Inc. Has $517,000 Stake in Alliant Energy Co. (NASDAQ:LNT)

Oarsman Capital Inc. cut its holdings in Alliant Energy Co. (NASDAQ:LNT) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,744 shares of the company’s stock after selling 175 shares during the period. Oarsman Capital Inc.’s holdings in Alliant Energy were worth $517,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. RDA Financial Network grew its position in Alliant Energy by 2.4% in the 4th quarter. RDA Financial Network now owns 7,990 shares of the company’s stock worth $473,000 after purchasing an additional 184 shares during the last quarter. Global Retirement Partners LLC lifted its position in shares of Alliant Energy by 8.2% in the 4th quarter. Global Retirement Partners LLC now owns 2,509 shares of the company’s stock worth $148,000 after acquiring an additional 191 shares during the period. Savant Capital LLC grew its holdings in shares of Alliant Energy by 1.5% during the 4th quarter. Savant Capital LLC now owns 15,937 shares of the company’s stock worth $942,000 after purchasing an additional 237 shares in the last quarter. City State Bank lifted its position in Alliant Energy by 0.4% in the fourth quarter. City State Bank now owns 71,547 shares of the company’s stock worth $4,231,000 after purchasing an additional 257 shares during the period. Finally, United Asset Strategies Inc. boosted its stake in Alliant Energy by 0.5% during the fourth quarter. United Asset Strategies Inc. now owns 59,752 shares of the company’s stock worth $3,534,000 after buying an additional 280 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Trading Down 5.4 %

Shares of NASDAQ LNT opened at $61.36 on Friday. Alliant Energy Co. has a 1-year low of $47.23 and a 1-year high of $66.54. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33. The company has a 50-day moving average of $62.16 and a two-hundred day moving average of $60.82. The company has a market cap of $15.75 billion, a PE ratio of 22.81, a P/E/G ratio of 2.83 and a beta of 0.52.

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

Alliant Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.5075 per share. This represents a $2.03 annualized dividend and a dividend yield of 3.31%. The ex-dividend date is Wednesday, April 30th. Alliant Energy’s payout ratio is 75.46%.

Wall Street Analysts Forecast Growth

LNT has been the topic of several recent research reports. BMO Capital Markets lifted their target price on shares of Alliant Energy from $60.00 to $66.00 and gave the company a “market perform” rating in a research report on Monday, February 24th. Guggenheim reaffirmed a “neutral” rating and issued a $57.00 price target on shares of Alliant Energy in a research note on Monday, February 24th. UBS Group lifted their price objective on Alliant Energy from $65.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Finally, Scotiabank downgraded shares of 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. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $63.55.

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.