Alliant Energy Co. (NASDAQ:LNT) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. decreased its stake in Alliant Energy Co. (NASDAQ:LNT - Free Report) by 0.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,675,299 shares of the company's stock after selling 21,371 shares during the quarter. Franklin Resources Inc. owned about 1.43% of Alliant Energy worth $221,915,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Natixis Advisors LLC lifted its stake in shares of Alliant Energy by 14.7% during the 3rd quarter. Natixis Advisors LLC now owns 196,318 shares of the company's stock worth $11,915,000 after acquiring an additional 25,161 shares during the last quarter. Seven Eight Capital LP bought a new stake in shares of Alliant Energy during the 2nd quarter worth approximately $1,248,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Alliant Energy during the 3rd quarter worth approximately $4,742,000. Principal Financial Group Inc. lifted its stake in shares of Alliant Energy by 9.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,183,765 shares of the company's stock worth $71,839,000 after acquiring an additional 101,387 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Alliant Energy by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,216,475 shares of the company's stock worth $134,518,000 after acquiring an additional 14,225 shares during the last quarter. Hedge funds and other institutional investors own 79.90% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Barclays decreased their target price on Alliant Energy from $61.00 to $59.00 and set an "equal weight" rating for the company in a research report on Wednesday, November 6th. Wells Fargo & Company decreased their target price 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. Scotiabank lowered Alliant Energy from a "sector outperform" rating to a "sector perform" rating and lifted their target price for the company from $64.00 to $67.00 in a research report on Thursday. Mizuho lifted their target price on Alliant Energy from $52.00 to $61.00 and gave the company a "neutral" rating in a research report on Friday, October 4th. Finally, Bank of America lifted their target price on Alliant Energy from $62.00 to $63.00 and gave the company a "buy" rating in a research report on Thursday, August 29th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $63.39.

Alliant Energy Stock Down 0.0 %

LNT stock traded down $0.02 on Friday, hitting $60.45. 855,918 shares of the company's stock were exchanged, compared to its average volume of 1,411,042. Alliant Energy Co. has a 12-month low of $46.80 and a 12-month high of $64.19. The firm has a 50 day moving average price of $60.77 and a two-hundred day moving average price of $57.23. 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 stock has a market cap of $15.51 billion, a P/E ratio of 23.43, a price-to-earnings-growth ratio of 2.98 and a beta of 0.59.

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

Alliant Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued a $0.48 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.92 annualized dividend and a dividend yield of 3.18%. Alliant Energy's dividend payout ratio (DPR) is presently 74.42%.

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.