Alliant Energy Co. (NASDAQ:LNT) Shares Sold by Cozad Asset Management Inc.

Cozad Asset Management Inc. cut its stake in Alliant Energy Co. (NASDAQ:LNT) by 12.1% in the third quarter, Holdings Channel reports. The firm owned 26,882 shares of the company’s stock after selling 3,713 shares during the period. Cozad Asset Management Inc.’s holdings in Alliant Energy were worth $1,631,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of LNT. Weitzel Financial Services Inc. grew its stake in Alliant Energy by 17.9% during the 3rd quarter. Weitzel Financial Services Inc. now owns 8,338 shares of the company’s stock valued at $503,000 after purchasing an additional 1,263 shares during the last quarter. Blake Schutter Theil Wealth Advisors LLC acquired a new stake in shares of Alliant Energy during the third quarter worth about $259,000. JNBA Financial Advisors purchased a new stake in Alliant Energy in the third quarter valued at approximately $31,000. Concurrent Investment Advisors LLC increased its holdings in Alliant Energy by 24.7% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 23,031 shares of the company’s stock worth $1,398,000 after buying an additional 4,568 shares during the period. Finally, Centennial Wealth Advisory LLC raised its position in Alliant Energy by 4.0% during the 3rd quarter. Centennial Wealth Advisory LLC now owns 6,433 shares of the company’s stock worth $390,000 after buying an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Trading Down 1.3 %

Shares of LNT stock opened at $56.24 on Friday. The stock has a 50 day simple moving average of $59.87 and a 200-day simple moving average of $55.24. Alliant Energy Co. has a 1-year low of $46.80 and a 1-year high of $62.49. The company has a market cap of $14.43 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 2.75 and a beta of 0.58. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.48.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings data on Thursday, October 31st. The company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.05. Alliant Energy had a net margin of 16.66% and a return on equity of 10.56%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the prior year, the business posted $1.05 earnings per share. On average, equities research analysts expect that Alliant Energy Co. will post 3.04 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Thursday, October 31st. Alliant Energy’s payout ratio is 74.42%.

Wall Street Analyst Weigh In

LNT has been the topic of several recent research reports. Mizuho upped their price objective on shares of Alliant Energy from $52.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, October 4th. Jefferies Financial Group assumed coverage on Alliant Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $67.00 price target on the stock. Barclays lowered their target price on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating on the stock in a research note on Wednesday. UBS Group boosted their price target on Alliant Energy from $64.00 to $65.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Finally, LADENBURG THALM/SH SH raised shares of Alliant Energy from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $50.00 to $62.50 in a research note on Tuesday, August 13th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $63.06.

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.