Alliant Energy Co. (NASDAQ:LNT) Shares Sold by Simplicity Solutions LLC

Simplicity Solutions LLC decreased its position in Alliant Energy Co. (NASDAQ:LNT) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,352 shares of the company’s stock after selling 667 shares during the period. Simplicity Solutions LLC’s holdings in Alliant Energy were worth $480,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. HighTower Advisors LLC grew its stake in shares of Alliant Energy by 0.5% in the 1st quarter. HighTower Advisors LLC now owns 40,539 shares of the company’s stock valued at $2,176,000 after buying an additional 196 shares during the period. Linscomb & Williams Inc. grew its stake in shares of Alliant Energy by 3.9% in the 4th quarter. Linscomb & Williams Inc. now owns 5,298 shares of the company’s stock valued at $293,000 after buying an additional 200 shares during the period. Centennial Wealth Advisory LLC grew its stake in shares of Alliant Energy by 3.7% in the 4th quarter. Centennial Wealth Advisory LLC now owns 5,896 shares of the company’s stock valued at $302,000 after buying an additional 210 shares during the period. Fiduciary Trust Co. grew its stake in shares of Alliant Energy by 1.8% in the 1st quarter. Fiduciary Trust Co. now owns 13,046 shares of the company’s stock valued at $697,000 after buying an additional 230 shares during the period. Finally, Accel Wealth Management boosted its position in shares of Alliant Energy by 4.4% during the 3rd quarter. Accel Wealth Management now owns 5,489 shares of the company’s stock worth $266,000 after purchasing an additional 231 shares during the period. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Insider Activity

In other news, CEO Lisa M. Barton acquired 1,100 shares of Alliant Energy stock in a transaction dated Tuesday, February 20th. The shares were acquired at an average cost of $48.56 per share, for a total transaction of $53,416.00. Following the acquisition, the chief executive officer now owns 36,444 shares of the company’s stock, valued at $1,769,720.64. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on LNT. BMO Capital Markets increased their price objective on shares of Alliant Energy from $51.00 to $53.00 and gave the stock a “market perform” rating in a research report on Monday. Bank of America lowered their price objective on shares of Alliant Energy from $55.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. Finally, Barclays reaffirmed an “equal weight” rating and set a $53.00 price objective (up previously from $50.00) on shares of Alliant Energy in a research report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $53.31.

Alliant Energy Stock Performance

Shares of LNT stock opened at $48.84 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.55 and a debt-to-equity ratio of 1.21. Alliant Energy Co. has a 52 week low of $45.15 and a 52 week high of $56.26. The stock has a market capitalization of $12.51 billion, a PE ratio of 17.57, a P/E/G ratio of 2.58 and a beta of 0.55. The firm has a 50 day moving average of $48.67 and a two-hundred day moving average of $49.44.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Friday, February 16th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.07). Alliant Energy had a net margin of 17.46% and a return on equity of 10.85%. The business had revenue of $961.00 million during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the prior year, the business earned $0.46 EPS. On average, research analysts predict that Alliant Energy Co. will post 3.07 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.93%. Alliant Energy’s payout ratio is 69.06%.

About Alliant Energy

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.