Intech Investment Management LLC decreased its position in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) by 22.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,773 shares of the company's stock after selling 18,298 shares during the period. Intech Investment Management LLC's holdings in Alliant Energy were worth $3,749,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also made changes to their positions in the company. Moors & Cabot Inc. boosted its position in Alliant Energy by 17.7% in the third quarter. Moors & Cabot Inc. now owns 5,975 shares of the company's stock valued at $363,000 after buying an additional 898 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Alliant Energy by 8.7% in the third quarter. PNC Financial Services Group Inc. now owns 54,786 shares of the company's stock valued at $3,325,000 after buying an additional 4,405 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Alliant Energy in the third quarter valued at approximately $4,742,000. Chesapeake Wealth Management acquired a new stake in Alliant Energy in the third quarter valued at approximately $213,000. Finally, New England Asset Management Inc. boosted its position in Alliant Energy by 0.8% in the third quarter. New England Asset Management Inc. now owns 133,980 shares of the company's stock valued at $8,131,000 after buying an additional 1,070 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company's stock.
Analyst Ratings Changes
Several brokerages recently commented on LNT. UBS Group upped their target price on Alliant Energy from $64.00 to $65.00 and gave the company a "neutral" rating in a report on Friday, September 20th. Scotiabank lifted their target price on shares of Alliant Energy from $58.00 to $64.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, August 20th. Barclays dropped their target price on shares of Alliant Energy from $61.00 to $59.00 and set an "equal weight" rating on the stock in a report on Wednesday, November 6th. BMO Capital Markets lowered their price objective on 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. Finally, Bank of America lifted their price objective on Alliant Energy from $62.00 to $63.00 and gave the stock a "buy" rating in a research 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 data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $63.06.
Check Out Our Latest Stock Report on Alliant Energy
Alliant Energy Stock Performance
Alliant Energy stock traded up $0.12 during trading on Friday, hitting $63.32. The stock had a trading volume of 1,461,840 shares, compared to its average volume of 2,078,916. The stock's 50 day moving average is $60.29 and its two-hundred day moving average is $56.14. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. Alliant Energy Co. has a 1 year low of $46.80 and a 1 year high of $63.63. The stock has a market cap of $16.25 billion, a price-to-earnings ratio of 24.54, a price-to-earnings-growth ratio of 3.13 and a beta of 0.58.
Alliant Energy (NASDAQ:LNT - Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. The business's revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.05 EPS. As a group, analysts predict that Alliant Energy Co. will post 3.04 EPS for the current year.
Alliant Energy Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a $0.48 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.92 dividend on an annualized basis and a yield of 3.03%. Alliant Energy's dividend payout ratio is presently 74.42%.
Alliant Energy Profile
(
Free Report)
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.
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