Alliant Energy Co. (NASDAQ:LNT) Shares Sold by Sei Investments Co.

Sei Investments Co. trimmed its position in Alliant Energy Co. (NASDAQ:LNT) by 26.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 275,681 shares of the company’s stock after selling 99,524 shares during the period. Sei Investments Co. owned approximately 0.11% of Alliant Energy worth $16,304,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Mizuho Securities USA LLC boosted its holdings in Alliant Energy by 46.2% in the 4th quarter. Mizuho Securities USA LLC now owns 24,320 shares of the company’s stock valued at $1,438,000 after purchasing an additional 7,687 shares in the last quarter. Whittier Trust Co. boosted its stake in shares of Alliant Energy by 80.4% in the fourth quarter. Whittier Trust Co. now owns 3,141 shares of the company’s stock valued at $186,000 after buying an additional 1,400 shares in the last quarter. Enhancing Capital LLC acquired a new position in Alliant Energy during the fourth quarter worth $1,866,000. Xponance Inc. grew its stake in shares of Alliant Energy by 3.2% during the 4th quarter. Xponance Inc. now owns 36,349 shares of the company’s stock worth $2,150,000 after purchasing an additional 1,132 shares during the period. Finally, Cibc World Markets Corp grew its position in Alliant Energy by 16.4% during the fourth quarter. Cibc World Markets Corp now owns 40,490 shares of the company’s stock worth $2,395,000 after buying an additional 5,698 shares during the period. 79.90% of the stock is owned by institutional investors and hedge funds.

Alliant Energy Trading Up 0.7 %

NASDAQ LNT opened at $63.58 on Friday. The stock has a market cap of $16.32 billion, a P/E ratio of 23.64, a PEG ratio of 2.83 and a beta of 0.54. The company’s fifty day simple moving average is $61.73 and its 200-day simple moving average is $60.66. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33. Alliant Energy Co. has a 52 week low of $47.23 and a 52 week high of $66.54.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $1.14 billion. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. Equities research analysts predict that Alliant Energy Co. will post 3.23 EPS for the current fiscal year.

Alliant Energy Increases Dividend

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

Analyst Ratings Changes

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

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.