Alliant Energy Co. (NASDAQ:LNT) Shares Sold by Holocene Advisors LP

Holocene Advisors LP lowered its position in Alliant Energy Co. (NASDAQ:LNT - Free Report) by 9.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 150,165 shares of the company's stock after selling 15,721 shares during the period. Holocene Advisors LP owned about 0.06% of Alliant Energy worth $9,114,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of LNT. Cetera Advisors LLC lifted its position in shares of Alliant Energy by 168.5% in the first quarter. Cetera Advisors LLC now owns 51,259 shares of the company's stock valued at $2,583,000 after acquiring an additional 32,166 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of Alliant Energy by 14.7% in the third quarter. Natixis Advisors LLC now owns 196,318 shares of the company's stock worth $11,915,000 after buying an additional 25,161 shares in the last quarter. Seven Eight Capital LP purchased a new stake in shares of Alliant Energy in the second quarter worth about $1,248,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Alliant Energy in the third quarter worth about $4,742,000. Finally, Principal Financial Group Inc. lifted its position in shares of Alliant Energy by 9.4% in the third quarter. Principal Financial Group Inc. now owns 1,183,765 shares of the company's stock worth $71,839,000 after buying an additional 101,387 shares in the last quarter. Institutional investors own 79.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on LNT shares. Bank of America boosted their target price on Alliant Energy from $62.00 to $63.00 and gave the stock a "buy" rating in a research report on Thursday, August 29th. Wells Fargo & Company reduced their price objective on Alliant Energy from $66.00 to $65.00 and set an "overweight" rating on the stock in a research note on Monday, November 4th. BMO Capital Markets reduced their price objective on Alliant Energy from $65.00 to $61.00 and set a "market perform" rating on the stock in a research note on Monday, November 4th. Barclays reduced their price objective on Alliant Energy from $61.00 to $59.00 and set an "equal weight" rating on the stock in a research note on Wednesday, November 6th. Finally, Scotiabank boosted their price objective on Alliant Energy from $58.00 to $64.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, August 20th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $63.06.

Alliant Energy Stock Down 0.1 %

Shares of LNT traded down $0.05 during midday trading on Wednesday, hitting $61.78. 1,488,403 shares of the company's stock traded hands, compared to its average volume of 1,623,155. Alliant Energy Co. has a 1 year low of $46.80 and a 1 year high of $64.19. The firm's fifty day moving average is $60.73 and its 200-day moving average is $56.73. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $15.85 billion, a price-to-earnings ratio of 23.95, a price-to-earnings-growth ratio of 3.08 and a beta of 0.59.

Alliant Energy (NASDAQ:LNT - Get Free Report) last released its earnings results on Thursday, October 31st. The company reported $1.15 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the firm earned $1.05 EPS. The firm's revenue was up .4% on a year-over-year basis. As a group, sell-side analysts anticipate that Alliant Energy Co. will post 3.04 earnings per share for the current year.

Alliant Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend was Thursday, October 31st. Alliant Energy's dividend payout ratio is currently 74.42%.

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.