Parkside Financial Bank & Trust Has $26,000 Position in Alliant Energy Co. (NASDAQ:LNT)

Parkside Financial Bank & Trust trimmed its stake in Alliant Energy Co. (NASDAQ:LNT) by 30.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 507 shares of the company’s stock after selling 217 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Alliant Energy were worth $26,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wetzel Investment Advisors Inc. acquired a new stake in shares of Alliant Energy in the 4th quarter valued at about $26,000. Compagnie Lombard Odier SCmA bought a new position in Alliant Energy in the third quarter worth approximately $38,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Alliant Energy in the fourth quarter valued at approximately $38,000. Authentikos Wealth Advisory LLC bought a new stake in shares of Alliant Energy during the third quarter valued at approximately $42,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Alliant Energy during the fourth quarter worth approximately $43,000. 79.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LNT has been the subject of several research reports. Scotiabank reduced their price target on shares of Alliant Energy from $57.00 to $53.00 and set a “sector outperform” rating for the company in a research report on Monday, April 22nd. Bank of America reduced their price objective on shares of Alliant Energy from $55.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, April 11th. Barclays reaffirmed an “equal weight” rating and issued a $53.00 price target (up previously from $50.00) on shares of Alliant Energy in a research report on Tuesday, January 2nd. Finally, BMO Capital Markets boosted their price objective on Alliant Energy from $51.00 to $53.00 and gave the stock a “market perform” rating in a report on Monday, April 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $51.36.

Alliant Energy Stock Performance

Shares of Alliant Energy stock opened at $49.59 on Friday. The business’s fifty day simple moving average is $48.90 and its 200 day simple moving average is $49.55. The company has a current ratio of 0.55, a quick ratio of 0.40 and a debt-to-equity ratio of 1.21. Alliant Energy Co. has a 12 month low of $45.15 and a 12 month high of $56.26. The firm has a market capitalization of $12.70 billion, a P/E ratio of 17.84, a price-to-earnings-growth ratio of 2.65 and a beta of 0.55.

Alliant Energy (NASDAQ:LNT) last released its earnings results on Friday, February 16th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.07). The business had revenue of $961.00 million for the quarter, compared to the consensus estimate of $1.25 billion. Alliant Energy had a return on equity of 10.85% and a net margin of 17.46%. During the same quarter in the previous year, the firm earned $0.46 earnings per share. As a group, analysts anticipate that Alliant Energy Co. will post 3.07 EPS for the current year.

Alliant Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date is Monday, April 29th. Alliant Energy’s dividend payout ratio is currently 69.06%.

Insider Transactions at Alliant Energy

In other news, CEO Lisa M. Barton acquired 1,100 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were acquired at an average price of $48.56 per share, for a total transaction of $53,416.00. Following the completion of the purchase, the chief executive officer now owns 36,444 shares in the company, valued at $1,769,720.64. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.31% of the stock is currently owned by company insiders.

Alliant Energy Company 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.