Latitude Advisors LLC Sells 475 Shares of Alliant Energy Co. (NASDAQ:LNT)

Latitude Advisors LLC cut its holdings in Alliant Energy Co. (NASDAQ:LNT) by 11.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,529 shares of the company’s stock after selling 475 shares during the period. Latitude Advisors LLC’s holdings in Alliant Energy were worth $209,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Larson Financial Group LLC increased its holdings in Alliant Energy by 7,083.3% in the third quarter. Larson Financial Group LLC now owns 431 shares of the company’s stock worth $26,000 after purchasing an additional 425 shares in the last quarter. Northwest Investment Counselors LLC bought a new position in shares of Alliant Energy during the 3rd quarter worth approximately $28,000. Eastern Bank acquired a new stake in shares of Alliant Energy during the 3rd quarter worth approximately $30,000. JNBA Financial Advisors bought a new stake in shares of Alliant Energy in the 3rd quarter valued at $31,000. Finally, ORG Partners LLC lifted its position in shares of Alliant Energy by 517.0% during the 4th quarter. ORG Partners LLC now owns 617 shares of the company’s stock valued at $36,000 after acquiring an additional 517 shares during the period. 79.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LNT. Wells Fargo & Company dropped their price objective on shares of Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. BMO Capital Markets dropped their price target on Alliant Energy from $65.00 to $61.00 and set a “market perform” rating on the stock in a research note on Monday, November 4th. Barclays reduced their price objective on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. Finally, Scotiabank lowered Alliant Energy from a “sector outperform” rating to a “sector perform” rating and upped their target price for the stock from $64.00 to $67.00 in a research report on Thursday, December 12th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $63.39.

Alliant Energy Stock Up 0.7 %

LNT stock opened at $60.31 on Wednesday. The firm has a market capitalization of $15.48 billion, a PE ratio of 23.38, a P/E/G ratio of 2.73 and a beta of 0.60. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. Alliant Energy Co. has a twelve month low of $46.80 and a twelve month high of $64.19. The stock’s 50 day moving average is $59.37 and its 200-day moving average is $59.37.

Alliant Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st will be paid a dividend of $0.5075 per share. The ex-dividend date is Friday, January 31st. This is a boost from Alliant Energy’s previous quarterly dividend of $0.48. This represents a $2.03 annualized dividend and a yield of 3.37%. Alliant Energy’s dividend payout ratio (DPR) is 78.68%.

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.