Cambridge Investment Research Advisors Inc. Decreases Stake in Alliant Energy Corporation (NASDAQ:LNT)

Cambridge Investment Research Advisors Inc. trimmed its position in Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 9.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,887 shares of the company's stock after selling 9,493 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Alliant Energy were worth $5,977,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of LNT. Global Retirement Partners LLC boosted its holdings in shares of Alliant Energy by 8.2% during the fourth quarter. Global Retirement Partners LLC now owns 2,509 shares of the company's stock worth $148,000 after purchasing an additional 191 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Alliant Energy during the fourth quarter worth about $716,000. IFP Advisors Inc boosted its stake in Alliant Energy by 46.3% in the 4th quarter. IFP Advisors Inc now owns 9,538 shares of the company's stock worth $575,000 after buying an additional 3,018 shares during the last quarter. Lake Street Advisors Group LLC acquired a new stake in Alliant Energy in the 4th quarter worth about $201,000. Finally, Advisor OS LLC grew its holdings in Alliant Energy by 16.4% in the 4th quarter. Advisor OS LLC now owns 15,239 shares of the company's stock valued at $901,000 after buying an additional 2,149 shares during the period. 79.90% of the stock is owned by institutional investors and hedge funds.

Alliant Energy Stock Up 0.0%

Shares of NASDAQ:LNT traded up $0.03 during midday trading on Friday, hitting $60.35. 2,405,886 shares of the company's stock traded hands, compared to its average volume of 1,703,303. The firm's fifty day moving average price is $61.12 and its two-hundred day moving average price is $60.94. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.24 and a current ratio of 0.34. Alliant Energy Corporation has a twelve month low of $50.34 and a twelve month high of $66.54. The company has a market cap of $15.50 billion, a PE ratio of 20.81, a P/E/G ratio of 2.83 and a beta of 0.57.

Alliant Energy (NASDAQ:LNT - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.71 by $0.12. Alliant Energy had a return on equity of 12.01% and a net margin of 18.26%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the company posted $0.62 earnings per share. The firm's revenue was up 9.4% compared to the same quarter last year. On average, equities research analysts anticipate that Alliant Energy Corporation will post 3.23 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were given a $0.5075 dividend. This represents a $2.03 annualized dividend and a yield of 3.36%. The ex-dividend date was Wednesday, April 30th. Alliant Energy's dividend payout ratio (DPR) is 70.00%.

Wall Street Analyst Weigh In

LNT has been the topic of several recent analyst reports. UBS Group increased their price objective on shares of Alliant Energy from $65.00 to $68.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Barclays downgraded shares of Alliant Energy from an "equal weight" rating to an "underweight" rating and increased their price target for the stock from $59.00 to $61.00 in a research note on Tuesday, April 22nd. Wall Street Zen raised shares of Alliant Energy from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Jefferies Financial Group set a $71.00 price objective on Alliant Energy and gave the stock a "buy" rating in a report on Tuesday, May 20th. Finally, BMO Capital Markets cut their target price on Alliant Energy from $66.00 to $64.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $63.95.

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.