US Bancorp DE Sells 15,181 Shares of Alliant Energy Corporation (NASDAQ:LNT)

US Bancorp DE reduced its holdings in Alliant Energy Corporation (NASDAQ:LNT) by 12.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 104,207 shares of the company’s stock after selling 15,181 shares during the period. US Bancorp DE’s holdings in Alliant Energy were worth $6,706,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas bought a new position in Alliant Energy in the 1st quarter worth approximately $2,414,000. Sowell Financial Services LLC bought a new position in Alliant Energy in the 1st quarter worth approximately $316,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Alliant Energy by 1.9% during the first 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 during the period. State of Alaska Department of Revenue increased its position in shares of Alliant Energy by 2.7% during the first 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. Finally, Farther Finance Advisors LLC raised its stake in shares of Alliant Energy by 112.9% in the first 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 in the last quarter. 79.90% of the stock is owned by institutional investors.

Alliant Energy Stock Performance

Alliant Energy stock opened at $66.34 on Tuesday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.34 and a quick ratio of 0.24. The stock has a fifty day moving average price of $62.17 and a two-hundred day moving average price of $61.76. Alliant Energy Corporation has a 52-week low of $55.17 and a 52-week high of $66.62. The firm has a market capitalization of $17.04 billion, a P/E ratio of 22.88, a P/E/G ratio of 3.09 and a beta of 0.53.

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

Alliant Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 31st will be issued a dividend of $0.5075 per share. This represents a $2.03 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Thursday, July 31st. Alliant Energy’s dividend payout ratio is presently 70.00%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on LNT shares. Wall Street Zen upgraded Alliant Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 15th. UBS Group restated a “neutral” rating and issued a $67.00 target price (up from $65.00) on shares of Alliant Energy in a research note on Friday, July 11th. Jefferies Financial Group set a $71.00 target price on Alliant Energy and gave the company a “buy” rating in a research note on Tuesday, May 20th. Wolfe Research upgraded Alliant Energy from a “peer perform” rating to an “outperform” rating and set a $68.00 target price for the company in a research note on Monday, July 7th. Finally, BMO Capital Markets cut their target price on Alliant Energy from $66.00 to $64.00 and set a “market perform” rating for the company in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $64.23.

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.