Intech Investment Management LLC Sells 38,570 Shares of Alliant Energy Co. (NASDAQ:LNT)

Intech Investment Management LLC reduced its stake in Alliant Energy Co. (NASDAQ:LNT - Free Report) by 62.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,203 shares of the company's stock after selling 38,570 shares during the period. Intech Investment Management LLC's holdings in Alliant Energy were worth $1,372,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of LNT. Cibc World Markets Corp increased its position in shares of Alliant Energy by 16.4% during the fourth quarter. Cibc World Markets Corp now owns 40,490 shares of the company's stock valued at $2,395,000 after acquiring an additional 5,698 shares in the last quarter. GWN Securities Inc. bought a new stake in shares of Alliant Energy in the 4th quarter worth $1,195,000. Envestnet Portfolio Solutions Inc. raised its stake in shares of Alliant Energy by 18.0% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 69,130 shares of the company's stock worth $4,088,000 after purchasing an additional 10,570 shares during the last quarter. Natixis Advisors LLC lifted its holdings in shares of Alliant Energy by 2.2% during the fourth quarter. Natixis Advisors LLC now owns 200,617 shares of the company's stock valued at $11,864,000 after purchasing an additional 4,299 shares in the last quarter. Finally, Associated Banc Corp boosted its position in shares of Alliant Energy by 24.0% during the fourth quarter. Associated Banc Corp now owns 10,342 shares of the company's stock valued at $612,000 after buying an additional 2,000 shares during the last quarter. 79.90% of the stock is currently owned by institutional investors.

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Alliant Energy Stock Performance

Shares of LNT stock traded up $0.76 during mid-day trading on Wednesday, reaching $62.86. 2,147,408 shares of the company's stock traded hands, compared to its average volume of 1,513,948. Alliant Energy Co. has a 12 month low of $47.23 and a 12 month high of $66.54. The firm has a 50 day moving average price of $61.52 and a two-hundred day moving average price of $60.60. The firm has a market capitalization of $16.14 billion, a PE ratio of 23.37, a price-to-earnings-growth ratio of 2.83 and a beta of 0.54. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86.

Alliant Energy (NASDAQ:LNT - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.02. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. The business had revenue of $976.00 million during the quarter, compared to analysts' expectations of $1.14 billion. On average, research analysts forecast that Alliant Energy Co. will post 3.23 EPS for the current year.

Alliant Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st were issued a dividend of $0.5075 per share. The ex-dividend date was Friday, January 31st. This represents a $2.03 annualized dividend and a yield of 3.23%. This is an increase from Alliant Energy's previous quarterly dividend of $0.48. Alliant Energy's payout ratio is currently 75.46%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. BMO Capital Markets boosted their target price on Alliant Energy from $60.00 to $66.00 and gave the stock a "market perform" rating in a research report on Monday, February 24th. Scotiabank cut shares of Alliant Energy from a "sector outperform" rating to a "sector perform" rating and boosted their price objective for the company from $64.00 to $67.00 in a report on Thursday, December 12th. Guggenheim restated a "neutral" rating and issued a $57.00 target price on shares of Alliant Energy in a report on Monday, February 24th. Finally, UBS Group lifted their target price on shares of Alliant Energy from $65.00 to $68.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $63.55.

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.