Crossmark Global Holdings Inc. Decreases Stock Position in Alliant Energy Co. (NASDAQ:LNT)

Crossmark Global Holdings Inc. cut its holdings in Alliant Energy Co. (NASDAQ:LNT) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Larson Financial Group LLC lifted its holdings in Alliant Energy by 7,083.3% in the 3rd quarter. Larson Financial Group LLC now owns 431 shares of the company’s stock valued at $26,000 after purchasing an additional 425 shares in the last quarter. Northwest Investment Counselors LLC purchased a new position in Alliant Energy in the 3rd quarter valued at about $28,000. Eastern Bank purchased a new position in shares of Alliant Energy during the 3rd quarter worth about $30,000. JNBA Financial Advisors purchased a new position in shares of Alliant Energy during the 3rd quarter worth about $31,000. Finally, ORG Partners LLC lifted its holdings in shares of Alliant Energy by 517.0% during the 4th quarter. ORG Partners LLC now owns 617 shares of the company’s stock worth $36,000 after acquiring an additional 517 shares during the period. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LNT has been the topic of several recent analyst reports. BMO Capital Markets cut their price objective on shares of Alliant Energy from $65.00 to $61.00 and set a “market perform” rating on the stock in a report on Monday, November 4th. 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. Barclays cut their price objective on shares of Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. Mizuho increased their target price on shares of Alliant Energy from $52.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, October 4th. Finally, Wells Fargo & Company dropped their target price on shares of Alliant Energy from $66.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $63.39.

Alliant Energy Stock Down 0.7 %

Shares of NASDAQ:LNT opened at $58.69 on Friday. 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 Co. has a 52-week low of $46.80 and a 52-week high of $64.19. The company has a 50 day moving average of $60.22 and a two-hundred day moving average of $58.86. The company has a market capitalization of $15.06 billion, a price-to-earnings ratio of 22.75, a price-to-earnings-growth ratio of 2.86 and a beta of 0.60.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.05. Alliant Energy had a net margin of 16.66% and a return on equity of 10.56%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the company earned $1.05 earnings per share. Alliant Energy’s revenue for the quarter was up .4% on a year-over-year basis. As a group, analysts forecast 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. Stockholders of record on Friday, January 31st will be given a dividend of $0.5075 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.46%. This is an increase from Alliant Energy’s previous quarterly dividend of $0.48. Alliant Energy’s dividend payout ratio (DPR) is presently 74.42%.

About Alliant Energy

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.