Arvest Investments Inc. Sells 1,718 Shares of Alliant Energy Co. (NASDAQ:LNT)

Arvest Investments Inc. lowered its position in Alliant Energy Co. (NASDAQ:LNT) by 6.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,373 shares of the company’s stock after selling 1,718 shares during the period. Arvest Investments Inc.’s holdings in Alliant Energy were worth $1,501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in LNT. Larson Financial Group LLC raised its stake in shares of Alliant Energy by 7,083.3% during 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. SBI Securities Co. Ltd. bought a new stake in shares of Alliant Energy during the fourth quarter valued at approximately $29,000. ORG Partners LLC raised its stake in shares of Alliant Energy by 517.0% during the fourth quarter. ORG Partners LLC now owns 617 shares of the company’s stock valued at $36,000 after acquiring an additional 517 shares in the last quarter. WASHINGTON TRUST Co raised its stake in shares of Alliant Energy by 251.2% during the fourth quarter. WASHINGTON TRUST Co now owns 878 shares of the company’s stock valued at $52,000 after acquiring an additional 628 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Alliant Energy during the fourth quarter valued at approximately $53,000. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Price Performance

NASDAQ LNT opened at $63.51 on Thursday. The firm’s fifty day simple moving average is $61.08 and its two-hundred day simple moving average is $60.47. 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 12-month low of $47.23 and a 12-month high of $66.54. The firm has a market capitalization of $16.30 billion, a P/E ratio of 23.61, a P/E/G 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 (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.02. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. The business had revenue of $976.00 million for the quarter, compared to analyst estimates of $1.14 billion. Analysts forecast 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. Shareholders of record on Friday, January 31st were issued a $0.5075 dividend. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.48. This represents a $2.03 annualized dividend and a yield of 3.20%. The ex-dividend date was Friday, January 31st. Alliant Energy’s payout ratio is currently 75.46%.

Wall Street Analysts Forecast Growth

LNT has been the topic of several research reports. Scotiabank lowered shares of Alliant Energy from a “sector outperform” rating to a “sector perform” rating and lifted their price objective for the company from $64.00 to $67.00 in a report on Thursday, December 12th. BMO Capital Markets lifted their price objective on shares of Alliant Energy from $60.00 to $66.00 and gave the company a “market perform” rating in a report on Monday, February 24th. Finally, Guggenheim reissued a “neutral” rating and set a $57.00 price objective on shares of Alliant Energy in a report on Monday, February 24th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Alliant Energy currently has an average rating of “Hold” and an average target price of $63.25.

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.