Cambridge Investment Research Advisors Inc. Sells 9,493 Shares of Alliant Energy Corporation (NASDAQ:LNT)

Cambridge Investment Research Advisors Inc. decreased its stake in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 9.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Sowell Financial Services LLC bought a new position in shares of Alliant Energy in the first quarter valued at approximately $316,000. Wealth Enhancement Advisory Services LLC boosted its stake in Alliant Energy by 1.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 65,585 shares of the company's stock valued at $4,220,000 after purchasing an additional 1,198 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of Alliant Energy by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 30,063 shares of the company's stock valued at $1,934,000 after purchasing an additional 800 shares during the period. Farther Finance Advisors LLC increased its position in shares of Alliant Energy by 112.9% during the 1st quarter. Farther Finance Advisors LLC now owns 5,860 shares of the company's stock valued at $378,000 after purchasing an additional 3,108 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Alliant Energy in the 4th quarter worth $29,000. Institutional investors and hedge funds own 79.90% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Wall Street Zen raised 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 target price on shares of Alliant Energy and gave the company a "buy" rating in a research note on Tuesday, May 20th. Barclays cut shares of Alliant Energy from an "equal weight" rating to an "underweight" rating and raised their target price for the stock from $59.00 to $61.00 in a report on Tuesday, April 22nd. UBS Group lifted their price target 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. Finally, BMO Capital Markets cut their price objective on Alliant Energy from $66.00 to $64.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $63.95.

Alliant Energy Trading Up 0.2%

NASDAQ LNT traded up $0.12 on Monday, hitting $60.47. 2,615,739 shares of the stock were exchanged, compared to its average volume of 1,707,706. The company's 50-day moving average price is $61.14 and its two-hundred day moving average price is $60.95. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.34 and a quick ratio of 0.24. Alliant Energy Corporation has a 52-week low of $50.53 and a 52-week high of $66.54. The company has a market capitalization of $15.53 billion, a price-to-earnings ratio of 20.85, a P/E/G ratio of 2.85 and a beta of 0.57.

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

Alliant Energy Announces Dividend

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

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.