Madison Wealth Partners Inc Cuts Stock Holdings in Alliant Energy Co. (NASDAQ:LNT)

Madison Wealth Partners Inc decreased its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 7.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 13,400 shares of the company’s stock after selling 1,033 shares during the period. Madison Wealth Partners Inc’s holdings in Alliant Energy were worth $792,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Larson Financial Group LLC grew its position in shares of Alliant Energy by 7,083.3% in the 3rd quarter. Larson Financial Group LLC now owns 431 shares of the company’s stock worth $26,000 after buying an additional 425 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Alliant Energy in the 4th quarter worth approximately $29,000. ORG Partners LLC boosted its stake in Alliant Energy by 517.0% in the 4th quarter. ORG Partners LLC now owns 617 shares of the company’s stock worth $36,000 after purchasing an additional 517 shares in the last quarter. WASHINGTON TRUST Co boosted its stake in Alliant Energy by 251.2% in the 4th quarter. WASHINGTON TRUST Co now owns 878 shares of the company’s stock worth $52,000 after purchasing an additional 628 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Alliant Energy in the 4th quarter worth approximately $53,000. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Analyst Upgrades and Downgrades

LNT has been the subject of a number of recent analyst reports. BMO Capital Markets lifted their target price on shares of Alliant Energy from $60.00 to $66.00 and gave the stock a “market perform” rating in a research note on Monday, February 24th. Scotiabank cut shares of Alliant Energy from a “sector outperform” rating to a “sector perform” rating and lifted their target price for the stock from $64.00 to $67.00 in a research note on Thursday, December 12th. Finally, Guggenheim reiterated a “neutral” rating and issued a $57.00 target price on shares of Alliant Energy in a research note on Monday, February 24th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $63.25.

Alliant Energy Trading Down 0.7 %

Shares of Alliant Energy stock opened at $62.18 on Thursday. Alliant Energy Co. has a fifty-two week low of $47.23 and a fifty-two 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 company has a market cap of $15.96 billion, a P/E ratio of 23.12, a price-to-earnings-growth ratio of 2.83 and a beta of 0.54. The firm has a 50-day simple moving average of $60.56 and a two-hundred day simple moving average of $60.29.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. The company had revenue of $976.00 million for 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%. As a group, equities analysts predict that Alliant Energy Co. will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st were given a $0.5075 dividend. The ex-dividend date was Friday, January 31st. This is a boost from Alliant Energy’s previous quarterly dividend of $0.48. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.26%. Alliant Energy’s payout ratio is 75.46%.

Alliant Energy 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.