HITE Hedge Asset Management LLC Sells 145,167 Shares of Alliant Energy Co. (NASDAQ:LNT)

HITE Hedge Asset Management LLC decreased its stake in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) by 53.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 128,912 shares of the company's stock after selling 145,167 shares during the period. HITE Hedge Asset Management LLC owned 0.05% of Alliant Energy worth $7,824,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in LNT. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Alliant Energy by 7.2% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,605 shares of the company's stock valued at $158,000 after acquiring an additional 174 shares in the last quarter. Empirical Finance LLC raised its stake in shares of Alliant Energy by 2.2% during the third quarter. Empirical Finance LLC now owns 8,637 shares of the company's stock valued at $524,000 after purchasing an additional 189 shares during the period. Oregon Public Employees Retirement Fund lifted its position in shares of Alliant Energy by 0.9% during the second quarter. Oregon Public Employees Retirement Fund now owns 21,979 shares of the company's stock worth $1,119,000 after purchasing an additional 200 shares in the last quarter. Retirement Systems of Alabama boosted its stake in shares of Alliant Energy by 0.4% in the second quarter. Retirement Systems of Alabama now owns 56,557 shares of the company's stock valued at $2,879,000 after purchasing an additional 236 shares during the period. Finally, Arizona State Retirement System grew its holdings in Alliant Energy by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 70,426 shares of the company's stock valued at $3,585,000 after purchasing an additional 239 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company's stock.

Wall Street Analyst Weigh In

LNT has been the subject of a number of recent analyst reports. BMO Capital Markets decreased their price target on shares of Alliant Energy from $65.00 to $61.00 and set a "market perform" rating for the company in a research report on Monday, November 4th. LADENBURG THALM/SH SH raised shares of Alliant Energy from a "neutral" rating to a "buy" rating and increased their price target for the stock from $50.00 to $62.50 in a research report on Tuesday, August 13th. Jefferies Financial Group initiated coverage on Alliant Energy in a research note on Thursday, September 19th. They set a "hold" rating and a $67.00 price objective on the stock. Scotiabank boosted their price objective on shares of Alliant Energy from $58.00 to $64.00 and gave the company a "sector outperform" rating in a research report on Tuesday, August 20th. Finally, Bank of America boosted their price target on shares of Alliant Energy from $62.00 to $63.00 and gave the company a "buy" rating in a report on Thursday, August 29th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $63.06.

Alliant Energy Stock Down 0.7 %

Alliant Energy stock traded down $0.45 during mid-day trading on Tuesday, hitting $61.83. The company's stock had a trading volume of 1,165,652 shares, compared to its average volume of 1,623,734. Alliant Energy Co. has a 52-week low of $46.80 and a 52-week high of $64.19. The company has a market cap of $15.87 billion, a PE ratio of 23.97, a price-to-earnings-growth ratio of 3.08 and a beta of 0.59. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72. The firm's 50 day moving average is $60.69 and its 200 day moving average is $56.70.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.15 EPS 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 analysts' expectations of $1.08 billion. Alliant Energy had a net margin of 16.66% and a return on equity of 10.56%. Alliant Energy's revenue was up .4% on a year-over-year basis. During the same period in the previous year, the company posted $1.05 EPS. On average, analysts anticipate that Alliant Energy Co. will post 3.04 earnings per share for the current year.

Alliant Energy Dividend Announcement

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 dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date was Thursday, October 31st. Alliant Energy's dividend payout ratio is 74.42%.

About Alliant Energy

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.