Alliant Energy Co. (NASDAQ:LNT) Position Decreased by Cozad Asset Management Inc.

Cozad Asset Management Inc. decreased its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,395 shares of the company’s stock after selling 487 shares during the period. Cozad Asset Management Inc.’s holdings in Alliant Energy were worth $1,561,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Cibc World Markets Corp lifted its stake in Alliant Energy by 16.4% during the fourth quarter. Cibc World Markets Corp now owns 40,490 shares of the company’s stock valued at $2,395,000 after buying an additional 5,698 shares in the last quarter. GWN Securities Inc. purchased a new stake in Alliant Energy during the fourth quarter valued at about $1,195,000. Envestnet Portfolio Solutions Inc. lifted its stake in Alliant Energy by 18.0% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 69,130 shares of the company’s stock valued at $4,088,000 after buying an additional 10,570 shares in the last quarter. Natixis Advisors LLC lifted its stake in Alliant Energy by 2.2% during the fourth quarter. Natixis Advisors LLC now owns 200,617 shares of the company’s stock valued at $11,864,000 after buying an additional 4,299 shares in the last quarter. Finally, Associated Banc Corp lifted its stake in Alliant Energy by 24.0% during the fourth quarter. Associated Banc Corp now owns 10,342 shares of the company’s stock valued at $612,000 after buying an additional 2,000 shares in the last quarter. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Price Performance

NASDAQ LNT opened at $63.53 on Tuesday. The business has a 50 day simple moving average of $60.86 and a 200 day simple moving average of $60.41. Alliant Energy Co. has a 52-week low of $47.23 and a 52-week high of $66.54. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86. The stock has a market cap of $16.31 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 2.83 and a beta of 0.54.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.70 earnings per share for the quarter, topping 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%. Analysts anticipate that Alliant Energy Co. will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Increases Dividend

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

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Guggenheim reaffirmed a “neutral” rating and set a $57.00 price objective on shares of Alliant Energy in a research note on Monday, February 24th. BMO Capital Markets upped their price objective on shares of Alliant Energy from $60.00 to $66.00 and gave the company a “market perform” rating in a research note on Monday, February 24th. Finally, Scotiabank cut shares of 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. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Alliant Energy currently has an average rating of “Hold” and an average target price of $63.25.

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.