Stephens Inc. AR Sells 133,084 Shares of Alliant Energy Co. (NASDAQ:LNT)

Stephens Inc. AR reduced its stake in Alliant Energy Co. (NASDAQ:LNT) by 81.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,413 shares of the company’s stock after selling 133,084 shares during the quarter. Stephens Inc. AR’s holdings in Alliant Energy were worth $1,799,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Larson Financial Group LLC lifted its position in shares of Alliant Energy by 7,083.3% in the third quarter. Larson Financial Group LLC now owns 431 shares of the company’s stock valued at $26,000 after acquiring an additional 425 shares in the last quarter. Northwest Investment Counselors LLC bought a new position in shares of Alliant Energy in the third quarter worth about $28,000. Eastern Bank purchased a new stake in shares of Alliant Energy in the third quarter valued at approximately $30,000. JNBA Financial Advisors purchased a new stake in shares of Alliant Energy in the 3rd quarter worth $31,000. Finally, ORG Partners LLC grew its holdings in 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 in the last quarter. Institutional investors own 79.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on LNT shares. Scotiabank lowered Alliant Energy from a “sector outperform” rating to a “sector perform” rating and increased their price objective for the company from $64.00 to $67.00 in a report on Thursday, December 12th. Barclays dropped their price target on shares of Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 6th. BMO Capital Markets reduced their price objective on Alliant Energy from $65.00 to $61.00 and set a “market perform” rating on the stock in a research report on Monday, November 4th. Finally, Wells Fargo & Company reduced their target price on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $63.39.

Alliant Energy Stock Performance

Shares of LNT stock opened at $60.63 on Thursday. The stock has a market capitalization of $15.56 billion, a PE ratio of 23.50, a price-to-earnings-growth ratio of 2.73 and a beta of 0.60. The stock’s 50-day moving average price is $59.34 and its 200 day moving average price is $59.40. 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.

Alliant Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st will be given a dividend of $0.5075 per share. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.48. This represents a $2.03 annualized dividend and a dividend yield of 3.35%. The ex-dividend date is Friday, January 31st. Alliant Energy’s payout ratio is presently 78.68%.

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.