7,495 Alliant Energy Corporation $LNT Shares Sold by Welch & Forbes LLC

Welch & Forbes LLC lessened its holdings in shares of Alliant Energy Corporation (NASDAQ:LNT) by 14.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 42,769 shares of the company’s stock after selling 7,495 shares during the quarter. Welch & Forbes LLC’s holdings in Alliant Energy were worth $2,707,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of LNT. Janus Henderson Group PLC increased its holdings in shares of Alliant Energy by 1.2% during the first quarter. Janus Henderson Group PLC now owns 11,273,621 shares of the company’s stock valued at $808,996,000 after purchasing an additional 138,683 shares during the period. Jupiter Topco LLC bought a new stake in shares of Alliant Energy during the second quarter valued at about $837,468,000. Pictet Asset Management Holding SA raised its stake in shares of Alliant Energy by 8.2% during the third quarter. Pictet Asset Management Holding SA now owns 3,608,498 shares of the company’s stock valued at $228,418,000 after purchasing an additional 273,392 shares in the last quarter. Magellan Asset Management Ltd bought a new stake in shares of Alliant Energy during the second quarter valued at about $151,629,000. Finally, Legal & General Group Plc acquired a new stake in Alliant Energy in the second quarter worth about $143,968,000. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Performance

Shares of NASDAQ LNT opened at $73.24 on Wednesday. Alliant Energy Corporation has a 1 year low of $62.54 and a 1 year high of $78.81. The firm has a market cap of $19.00 billion, a P/E ratio of 20.40, a PEG ratio of 3.09 and a beta of 0.51. The stock has a fifty day moving average price of $67.64 and a two-hundred day moving average price of $70.69. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.38 and a current ratio of 0.51.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings data on Thursday, October 29th. The company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.21. Alliant Energy had a return on equity of 12.43% and a net margin of 20.74%. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the business earned $1.12 EPS. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. Research analysts forecast that Alliant Energy Corporation will post 3.43 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Friday, October 30th will be paid a dividend of $0.5350 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $2.14 annualized dividend and a yield of 2.9%. Alliant Energy’s dividend payout ratio (DPR) is currently 59.61%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Barclays set a $68.00 target price on shares of Alliant Energy and gave the company an “equal weight” rating in a research report on Tuesday, October 13th. Wells Fargo & Company raised their target price on shares of Alliant Energy from $81.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, November 2nd. Jefferies Financial Group restated a “buy” rating and set a $75.00 price target on shares of Alliant Energy in a research report on Monday, October 12th. HSBC started coverage on shares of Alliant Energy in a research note on Thursday, October 22nd. They issued a “hold” rating and a $69.50 price target for the company. Finally, Royal Bank Of Canada set a $75.00 price objective on shares of Alliant Energy in a report on Wednesday, October 14th. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Alliant Energy presently has a consensus rating of “Moderate Buy” and an average price target of $75.23.

Alliant Energy Company Profile

Alliant Energy Corporation is a regulated utility holding company that provides electric and natural gas services through its subsidiaries, Interstate Power and Light Company and Wisconsin Power and Light Company. Its service territory includes communities across Iowa and Wisconsin. The company’s operations include generating, transmitting and distributing electricity, as well as distributing natural gas. Its energy portfolio includes a mix of resources, including wind and solar power, natural gas and other generation sources.