John G Ullman & Associates Inc. Sells 6,000 Shares of Alliant Energy Co. (NASDAQ:LNT)

John G Ullman & Associates Inc. trimmed its position in shares of Alliant Energy Co. (NASDAQ:LNT) by 34.7% during the 4th quarter, Holdings Channel reports. The firm owned 11,300 shares of the company’s stock after selling 6,000 shares during the period. John G Ullman & Associates Inc.’s holdings in Alliant Energy were worth $580,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of LNT. Financial Freedom LLC purchased a new position in shares of Alliant Energy in the 4th quarter worth $25,000. Clear Street Markets LLC boosted its stake in shares of Alliant Energy by 95.3% during the 1st quarter. Clear Street Markets LLC now owns 494 shares of the company’s stock worth $26,000 after purchasing an additional 241 shares during the period. Compagnie Lombard Odier SCmA purchased a new position in shares of Alliant Energy during the 3rd quarter worth about $38,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Alliant Energy during the 4th quarter worth about $38,000. Finally, Authentikos Wealth Advisory LLC purchased a new stake in Alliant Energy in the 3rd quarter valued at about $42,000. 79.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Barclays reissued an “equal weight” rating and issued a $53.00 price objective (up from $50.00) on shares of Alliant Energy in a research report on Tuesday, January 2nd. BMO Capital Markets boosted their price objective on shares of Alliant Energy from $51.00 to $53.00 and gave the stock a “market perform” rating in a research note on Monday, April 15th. Finally, Bank of America reduced their price objective on shares of Alliant Energy from $55.00 to $54.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $52.21.

Alliant Energy Trading Up 2.0 %

Shares of Alliant Energy stock opened at $49.82 on Friday. The company has a current ratio of 0.55, a quick ratio of 0.40 and a debt-to-equity ratio of 1.21. Alliant Energy Co. has a 12-month low of $45.15 and a 12-month high of $56.26. The firm has a market capitalization of $12.76 billion, a price-to-earnings ratio of 17.92, a PEG ratio of 2.61 and a beta of 0.55. The firm’s 50 day simple moving average is $48.71 and its two-hundred day simple moving average is $49.47.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Friday, February 16th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.07). Alliant Energy had a net margin of 17.46% and a return on equity of 10.85%. The company had revenue of $961.00 million for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the previous year, the company posted $0.46 EPS. Analysts predict that Alliant Energy Co. will post 3.07 EPS for the current year.

Alliant Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.92 dividend on an annualized basis and a yield of 3.85%. Alliant Energy’s payout ratio is 69.06%.

Insider Buying and Selling at Alliant Energy

In related news, CEO Lisa M. Barton purchased 1,100 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were acquired at an average price of $48.56 per share, for a total transaction of $53,416.00. Following the purchase, the chief executive officer now owns 36,444 shares of the company’s stock, valued at approximately $1,769,720.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.31% of the stock is currently owned by company insiders.

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.