Greenland Capital Management LP Sells 47,935 Shares of Alliant Energy Co. (NASDAQ:LNT)

Greenland Capital Management LP lessened its stake in shares of Alliant Energy Co. (NASDAQ:LNT) by 19.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,800 shares of the company’s stock after selling 47,935 shares during the quarter. Alliant Energy comprises 1.9% of Greenland Capital Management LP’s investment portfolio, making the stock its 6th biggest holding. Greenland Capital Management LP owned about 0.08% of Alliant Energy worth $11,875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in LNT. Captrust Financial Advisors grew its stake in Alliant Energy by 53.5% in the third quarter. Captrust Financial Advisors now owns 12,127 shares of the company’s stock valued at $736,000 after acquiring an additional 4,226 shares during the period. HighTower Advisors LLC grew its position in Alliant Energy by 11.0% in the 3rd quarter. HighTower Advisors LLC now owns 37,386 shares of the company’s stock valued at $2,271,000 after purchasing an additional 3,704 shares during the period. Quantinno Capital Management LP grew its position in Alliant Energy by 5.8% in the 3rd quarter. Quantinno Capital Management LP now owns 29,928 shares of the company’s stock valued at $1,816,000 after purchasing an additional 1,649 shares during the period. Stifel Financial Corp increased its stake in Alliant Energy by 20.1% during the 3rd quarter. Stifel Financial Corp now owns 118,582 shares of the company’s stock valued at $7,197,000 after purchasing an additional 19,807 shares in the last quarter. Finally, National Bank of Canada FI raised its holdings in Alliant Energy by 184.7% during the third quarter. National Bank of Canada FI now owns 202,008 shares of the company’s stock worth $12,259,000 after buying an additional 131,053 shares during the last quarter. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Alliant Energy Trading Down 2.5 %

Shares of Alliant Energy stock opened at $59.81 on Tuesday. The stock has a fifty day moving average price of $62.16 and a 200-day moving average price of $60.82. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72. The firm has a market cap of $15.35 billion, a PE ratio of 22.23, a P/E/G ratio of 2.83 and a beta of 0.52. Alliant Energy Co. has a 1 year low of $47.23 and a 1 year high of $66.54.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.70 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. Equities research analysts anticipate that Alliant Energy Co. will post 3.23 EPS for the current year.

Alliant Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be issued a dividend of $0.5075 per share. This represents a $2.03 annualized dividend and a yield of 3.39%. The ex-dividend date is Wednesday, April 30th. Alliant Energy’s dividend payout ratio (DPR) is presently 75.46%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. UBS Group boosted their target price on shares of Alliant Energy from $65.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Scotiabank lowered Alliant Energy from a “sector outperform” rating to a “sector perform” rating and boosted their price objective for the stock from $64.00 to $67.00 in a report on Thursday, December 12th. BMO Capital Markets raised their target price on 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 reiterated a “neutral” rating and set a $57.00 price target on shares of Alliant Energy in a report on Monday, February 24th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $63.55.

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.