Alliant Energy Corporation (NASDAQ:LNT) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lessened its stake in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 6.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 83,815 shares of the company's stock after selling 5,359 shares during the period. Janney Montgomery Scott LLC's holdings in Alliant Energy were worth $5,394,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in shares of Alliant Energy during the fourth quarter valued at approximately $29,000. Larson Financial Group LLC increased its holdings in Alliant Energy by 67.5% during the fourth quarter. Larson Financial Group LLC now owns 722 shares of the company's stock valued at $43,000 after buying an additional 291 shares during the period. Optiver Holding B.V. increased its holdings in Alliant Energy by 382.5% during the fourth quarter. Optiver Holding B.V. now owns 912 shares of the company's stock valued at $54,000 after buying an additional 723 shares during the period. TD Waterhouse Canada Inc. increased its holdings in Alliant Energy by 212.9% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,092 shares of the company's stock valued at $65,000 after buying an additional 743 shares during the period. Finally, Graney & King LLC purchased a new position in Alliant Energy during the fourth quarter valued at approximately $70,000. Institutional investors own 79.90% of the company's stock.

Alliant Energy Stock Up 1.3%

NASDAQ LNT traded up $0.80 on Monday, hitting $61.34. The stock had a trading volume of 1,596,899 shares, compared to its average volume of 1,702,141. The business's fifty day moving average price is $61.15 and its 200 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 $50.01 and a 52-week high of $66.54. The stock has a market cap of $15.76 billion, a price-to-earnings ratio of 21.15, a price-to-earnings-growth ratio of 2.86 and a beta of 0.57.

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

Alliant Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were paid a dividend of $0.5075 per share. The ex-dividend date was Wednesday, April 30th. This represents a $2.03 annualized dividend and a dividend yield of 3.31%. Alliant Energy's payout ratio is currently 70.00%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on LNT shares. BMO Capital Markets cut their price objective on shares of Alliant Energy from $66.00 to $64.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. Guggenheim reissued a "neutral" rating and set a $57.00 price objective on shares of Alliant Energy in a report on Monday, February 24th. Jefferies Financial Group set a $71.00 price objective on shares of Alliant Energy and gave the company a "buy" rating in a report on Tuesday, May 20th. Barclays lowered shares of Alliant Energy from an "equal weight" rating to an "underweight" rating and lifted their price objective for the company from $59.00 to $61.00 in a report on Tuesday, April 22nd. Finally, Wall Street Zen raised shares of Alliant Energy from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $63.95.

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.