Duff & Phelps Investment Management Co. Sells 143,253 Shares of Alliant Energy Co. (NASDAQ:LNT)

Duff & Phelps Investment Management Co. reduced its position in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) by 7.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,887,047 shares of the company's stock after selling 143,253 shares during the period. Alliant Energy makes up 1.3% of Duff & Phelps Investment Management Co.'s portfolio, making the stock its 25th biggest holding. Duff & Phelps Investment Management Co. owned about 0.74% of Alliant Energy worth $114,525,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Point72 Asset Management L.P. bought a new stake in Alliant Energy during the 2nd quarter valued at approximately $42,367,000. Eagle Ridge Investment Management bought a new stake in Alliant Energy in the 2nd quarter worth about $26,804,000. Massachusetts Financial Services Co. MA lifted its position in Alliant Energy by 8.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,512,770 shares of the company's stock valued at $395,260,000 after purchasing an additional 512,429 shares during the period. Weiss Asset Management LP bought a new position in shares of Alliant Energy during the 3rd quarter valued at $10,705,000. Finally, Millennium Management LLC grew its stake in shares of Alliant Energy by 2,141.3% during the 2nd quarter. Millennium Management LLC now owns 180,402 shares of the company's stock valued at $9,182,000 after purchasing an additional 172,353 shares during the period. Institutional investors own 79.90% of the company's stock.

Alliant Energy Stock Down 0.2 %

Shares of NASDAQ:LNT traded down $0.15 during mid-day trading on Monday, hitting $60.91. 1,387,042 shares of the company traded hands, compared to its average volume of 1,621,144. The firm's 50 day simple moving average is $60.77 and its 200 day simple moving average is $56.90. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86. The firm has a market cap of $15.63 billion, a P/E ratio of 23.67, a PEG ratio of 3.02 and a beta of 0.59. Alliant Energy Co. has a 52-week low of $46.80 and a 52-week high of $64.19.

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

Alliant Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a $0.48 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.92 annualized dividend and a yield of 3.15%. Alliant Energy's dividend payout ratio (DPR) is 74.42%.

Analysts Set New Price Targets

LNT has been the topic of a number of research analyst reports. LADENBURG THALM/SH SH raised Alliant Energy from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $50.00 to $62.50 in a report on Tuesday, August 13th. Wells Fargo & Company lowered their price target on Alliant Energy from $66.00 to $65.00 and set an "overweight" rating for the company in a research report on Monday, November 4th. Mizuho upped their price objective on Alliant Energy from $52.00 to $61.00 and gave the company a "neutral" rating in a research report on Friday, October 4th. UBS Group lifted their price target on shares of Alliant Energy from $64.00 to $65.00 and gave the company a "neutral" rating in a research note on Friday, September 20th. Finally, Jefferies Financial Group started coverage on shares of Alliant Energy in a research note on Thursday, September 19th. They issued a "hold" rating and a $67.00 price objective for the company. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus 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.