Tucker Asset Management LLC Trims Stock Holdings in Alliant Energy Co. (NASDAQ:LNT)

Tucker Asset Management LLC trimmed its position in Alliant Energy Co. (NASDAQ:LNT) by 20.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,411 shares of the company’s stock after selling 870 shares during the period. Tucker Asset Management LLC’s holdings in Alliant Energy were worth $202,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Park Avenue Securities LLC purchased a new stake in Alliant Energy in the 4th quarter worth approximately $257,000. Cerity Partners LLC grew its position in shares of Alliant Energy by 23.4% in the third quarter. Cerity Partners LLC now owns 78,245 shares of the company’s stock valued at $4,749,000 after purchasing an additional 14,827 shares during the period. SBI Securities Co. Ltd. acquired a new position in Alliant Energy in the fourth quarter valued at $29,000. National Bank of Canada FI lifted its position in Alliant Energy by 184.7% during the third quarter. National Bank of Canada FI now owns 202,008 shares of the company’s stock worth $12,259,000 after buying an additional 131,053 shares during the period. Finally, Strategic Financial Concepts LLC acquired a new stake in Alliant Energy in the 4th quarter worth about $213,000. 79.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on LNT shares. Scotiabank lowered shares of Alliant Energy from a “sector outperform” rating to a “sector perform” rating and increased their price objective for the stock from $64.00 to $67.00 in a report on Thursday, December 12th. Guggenheim reaffirmed a “neutral” rating and set a $57.00 price target on shares of Alliant Energy in a research note on Monday, February 24th. UBS Group increased their target price on Alliant Energy from $65.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Finally, BMO Capital Markets boosted their price target on Alliant Energy from $60.00 to $66.00 and gave the company a “market perform” rating in a research report on Monday, February 24th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $63.55.

Alliant Energy Price Performance

LNT opened at $63.58 on Friday. 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 fifty day simple moving average of $61.73 and a 200 day simple moving average of $60.66. The firm has a market cap of $16.32 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 2.83 and a beta of 0.54. Alliant Energy Co. has a twelve month low of $47.23 and a twelve month high of $66.54.

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

Alliant Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 31st were paid a dividend of $0.5075 per share. The ex-dividend date was Friday, January 31st. This is a boost from Alliant Energy’s previous quarterly dividend of $0.48. This represents a $2.03 annualized dividend and a yield of 3.19%. Alliant Energy’s dividend payout ratio (DPR) is 75.46%.

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.