Alliant Energy Co. (NASDAQ:LNT) Shares Sold by Tucker Asset Management LLC

Tucker Asset Management LLC trimmed its holdings in Alliant Energy Co. (NASDAQ:LNT) by 20.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,411 shares of the company’s stock after selling 870 shares during the quarter. Tucker Asset Management LLC’s holdings in Alliant Energy were worth $202,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. RDA Financial Network boosted its stake in Alliant Energy by 2.4% in the 4th quarter. RDA Financial Network now owns 7,990 shares of the company’s stock worth $473,000 after purchasing an additional 184 shares during the period. Global Retirement Partners LLC boosted its position in shares of Alliant Energy by 8.2% in the fourth quarter. Global Retirement Partners LLC now owns 2,509 shares of the company’s stock worth $148,000 after buying an additional 191 shares during the period. Savant Capital LLC grew its holdings in shares of Alliant Energy by 1.5% during the fourth quarter. Savant Capital LLC now owns 15,937 shares of the company’s stock valued at $942,000 after buying an additional 237 shares in the last quarter. City State Bank raised its position in Alliant Energy by 0.4% during the fourth quarter. City State Bank now owns 71,547 shares of the company’s stock valued at $4,231,000 after buying an additional 257 shares during the period. Finally, United Asset Strategies Inc. lifted its stake in Alliant Energy by 0.5% in the 4th quarter. United Asset Strategies Inc. now owns 59,752 shares of the company’s stock worth $3,534,000 after acquiring an additional 280 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. BMO Capital Markets lifted their target price on Alliant Energy from $60.00 to $66.00 and gave the company a “market perform” rating in a research note on Monday, February 24th. Guggenheim reiterated a “neutral” rating and issued a $57.00 price objective on shares of Alliant Energy in a research note on Monday, February 24th. Scotiabank lowered shares of Alliant Energy from a “sector outperform” rating to a “sector perform” rating and lifted their target price for the company from $64.00 to $67.00 in a research note on Thursday, December 12th. Finally, UBS Group upped their price target on shares of Alliant Energy from $65.00 to $68.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. Seven research 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, the company presently has an average rating of “Hold” and a consensus target price of $63.55.

Alliant Energy Trading Up 0.7 %

Shares of LNT stock opened at $63.58 on Friday. Alliant Energy Co. has a 12 month low of $47.23 and a 12 month high of $66.54. The company has a market cap of $16.32 billion, a PE ratio of 23.64, a price-to-earnings-growth ratio of 2.83 and a beta of 0.54. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. The business’s 50 day moving average is $61.73 and its two-hundred day moving average is $60.66.

Alliant Energy (NASDAQ:LNT) last released its earnings results on Thursday, February 20th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. The firm had revenue of $976.00 million during the quarter, compared to analyst estimates of $1.14 billion. Equities analysts predict that Alliant Energy Co. will post 3.23 EPS for the current year.

Alliant Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st were paid a $0.5075 dividend. This is an increase from Alliant Energy’s previous quarterly dividend of $0.48. The ex-dividend date was Friday, January 31st. This represents a $2.03 annualized dividend and a dividend yield of 3.19%. Alliant Energy’s dividend payout ratio (DPR) is presently 75.46%.

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.