Cwm LLC Has $716,000 Stock Holdings in Alliant Energy Co. (NASDAQ:LNT)

Posted by on Apr 22nd, 2023

Cwm LLC grew its position in Alliant Energy Co. (NASDAQ:LNT – Get Rating) by 101.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,965 shares of the company’s stock after purchasing an additional 6,520 shares during the period. Cwm LLC’s holdings in Alliant Energy were worth $716,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Utah Retirement Systems boosted its stake in shares of Alliant Energy by 0.4% in the 3rd quarter. Utah Retirement Systems now owns 44,794 shares of the company’s stock valued at $2,374,000 after purchasing an additional 200 shares in the last quarter. Czech National Bank raised its holdings in shares of Alliant Energy by 0.7% in the fourth quarter. Czech National Bank now owns 29,377 shares of the company’s stock valued at $1,622,000 after buying an additional 216 shares during the last quarter. City State Bank raised its holdings in shares of Alliant Energy by 0.3% in the fourth quarter. City State Bank now owns 69,662 shares of the company’s stock valued at $3,846,000 after buying an additional 242 shares during the last quarter. Westpac Banking Corp raised its holdings in shares of Alliant Energy by 0.5% in the third quarter. Westpac Banking Corp now owns 47,028 shares of the company’s stock valued at $2,492,000 after buying an additional 254 shares during the last quarter. Finally, Truist Financial Corp raised its holdings in shares of Alliant Energy by 0.8% in the third quarter. Truist Financial Corp now owns 38,282 shares of the company’s stock valued at $2,028,000 after buying an additional 286 shares during the last quarter. Institutional investors and hedge funds own 75.89% of the company’s stock.

Alliant Energy Stock Performance

Shares of LNT stock opened at $55.29 on Friday. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.53 and a quick ratio of 0.39. The stock has a market cap of $13.90 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 3.12 and a beta of 0.55. The stock has a 50-day moving average of $53.43 and a 200-day moving average of $53.71. Alliant Energy Co. has a one year low of $47.19 and a one year high of $64.62.

Alliant Energy (NASDAQ:LNT – Get Rating) last announced its quarterly earnings results on Friday, February 24th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). Alliant Energy had a net margin of 16.32% and a return on equity of 11.31%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $875.67 million. During the same period last year, the company earned $0.35 earnings per share. The business’s revenue was up 14.1% compared to the same quarter last year. As a group, sell-side analysts expect that Alliant Energy Co. will post 2.9 earnings per share for the current year.

Alliant Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 15th. Investors of record on Friday, April 28th will be paid a dividend of $0.4525 per share. The ex-dividend date is Thursday, April 27th. This represents a $1.81 dividend on an annualized basis and a yield of 3.27%. Alliant Energy’s payout ratio is 66.30%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LNT. Wells Fargo & Company raised Alliant Energy from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $58.00 to $61.00 in a report on Wednesday. StockNews.com began coverage on Alliant Energy in a report on Thursday, March 16th. They issued a “sell” rating for the company. Mizuho cut Alliant Energy from a “buy” rating to a “neutral” rating and cut their price target for the company from $64.00 to $55.00 in a report on Monday, January 9th. BMO Capital Markets dropped their price objective on Alliant Energy from $59.00 to $58.00 and set a “market perform” rating for the company in a report on Monday, February 27th. Finally, Guggenheim raised Alliant Energy from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $46.00 to $52.00 in a report on Tuesday, February 21st. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Alliant Energy presently has an average rating of “Hold” and an average target price of $59.30.

Alliant Energy Company Profile

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Alliant Energy Corp. is a regulated investor-owned public utility holding company, which engages in the provision of regulated electricity and natural gas service to natural gas customers in the Midwest through its two public utility subsidiaries. It operates through following segments: Electric Utility, Gas Utility, Other Utility, and Non-Utility and Other.

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Institutional Ownership by Quarter for Alliant Energy (NASDAQ:LNT)

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