Cypress Capital Group Reduces Stock Position in Alliant Energy Co. (NASDAQ:LNT)

Cypress Capital Group lessened its holdings in Alliant Energy Co. (NASDAQ:LNT) by 3.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,893 shares of the company’s stock after selling 194 shares during the quarter. Cypress Capital Group’s holdings in Alliant Energy were worth $349,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Larson Financial Group LLC grew its holdings in shares of 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. SBI Securities Co. Ltd. purchased a new position in shares of Alliant Energy during the fourth quarter worth about $29,000. JNBA Financial Advisors purchased a new position in shares of Alliant Energy during the third quarter worth about $31,000. ORG Partners LLC grew its holdings in shares of Alliant Energy by 517.0% during the fourth quarter. ORG Partners LLC now owns 617 shares of the company’s stock worth $36,000 after purchasing an additional 517 shares during the last quarter. Finally, WASHINGTON TRUST Co grew its holdings in shares of Alliant Energy by 251.2% during the fourth quarter. WASHINGTON TRUST Co now owns 878 shares of the company’s stock worth $52,000 after purchasing an additional 628 shares during the last quarter. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Price Performance

Shares of NASDAQ:LNT opened at $63.44 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. The company has a market cap of $16.28 billion, a P/E ratio of 23.58, a PEG ratio of 2.83 and a beta of 0.54. Alliant Energy Co. has a 52 week low of $47.23 and a 52 week high of $66.54. The company has a 50-day moving average price of $60.25 and a 200 day moving average price of $60.12.

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. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. The firm had revenue of $976.00 million during the quarter, compared to the consensus estimate of $1.14 billion. Research analysts predict that Alliant Energy Co. will post 3.23 earnings per share for the current year.

Alliant Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st were given a dividend of $0.5075 per share. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.20%. This is an increase from Alliant Energy’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, January 31st. Alliant Energy’s dividend payout ratio (DPR) is presently 75.46%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Guggenheim reaffirmed a “neutral” rating and set a $57.00 price objective on shares of Alliant Energy in a report on Monday, February 24th. Scotiabank lowered Alliant Energy from a “sector outperform” rating to a “sector perform” rating and raised their price target for the stock from $64.00 to $67.00 in a report on Thursday, December 12th. 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. Finally, BMO Capital Markets raised their price target on Alliant Energy from $60.00 to $66.00 and gave the stock a “market perform” rating in a report on Monday, February 24th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Alliant Energy has a consensus rating of “Hold” and an average price target of $63.25.

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.