Alliant Energy Co. (NASDAQ:LNT) Shares Sold by IFM Investors Pty Ltd

IFM Investors Pty Ltd decreased its position in Alliant Energy Co. (NASDAQ:LNT - Free Report) by 16.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 66,691 shares of the company's stock after selling 13,197 shares during the period. IFM Investors Pty Ltd's holdings in Alliant Energy were worth $4,047,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of LNT. Brookstone Capital Management raised its stake in shares of Alliant Energy by 59.3% during the 1st quarter. Brookstone Capital Management now owns 7,096 shares of the company's stock worth $358,000 after buying an additional 2,641 shares during the period. BKM Wealth Management LLC increased its holdings in Alliant Energy by 24.7% in the 1st quarter. BKM Wealth Management LLC now owns 3,002 shares of the company's stock worth $151,000 after acquiring an additional 594 shares in the last quarter. Steele Capital Management Inc. raised its position in Alliant Energy by 8.7% during the first quarter. Steele Capital Management Inc. now owns 6,075 shares of the company's stock worth $306,000 after acquiring an additional 485 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its holdings in Alliant Energy by 29.5% during the first quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 8,488 shares of the company's stock valued at $428,000 after purchasing an additional 1,936 shares in the last quarter. Finally, Accel Wealth Management lifted its holdings in Alliant Energy by 9.9% during the first quarter. Accel Wealth Management now owns 6,083 shares of the company's stock valued at $307,000 after purchasing an additional 547 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company's stock.

Analyst Upgrades and Downgrades

LNT has been the subject of several research analyst reports. BMO Capital Markets upped their price target on shares of Alliant Energy from $58.00 to $60.00 and gave the stock a "market perform" rating in a research report on Tuesday, August 6th. Wells Fargo & Company increased their target price on Alliant Energy from $62.00 to $66.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. Scotiabank lifted their price target 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. Jefferies Financial Group initiated coverage on Alliant Energy in a research report on Thursday, September 19th. They set a "hold" rating and a $67.00 price target for the company. Finally, Barclays raised their price objective on Alliant Energy from $55.00 to $61.00 and gave the company an "equal weight" rating in a report on Monday, October 14th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $63.28.

Alliant Energy Trading Down 1.9 %

NASDAQ LNT traded down $1.17 on Friday, reaching $60.74. 976,384 shares of the company were exchanged, compared to its average volume of 1,581,808. The company has a current ratio of 0.65, a quick ratio of 0.48 and a debt-to-equity ratio of 1.31. The business's fifty day moving average price is $59.71 and its 200 day moving average price is $54.70. The stock has a market capitalization of $15.57 billion, a P/E ratio of 22.09, a price-to-earnings-growth ratio of 2.93 and a beta of 0.58. Alliant Energy Co. has a fifty-two week low of $46.80 and a fifty-two week high of $62.49.

Alliant Energy (NASDAQ:LNT - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.07). Alliant Energy had a net margin of 15.77% and a return on equity of 10.23%. The firm had revenue of $894.00 million for the quarter, compared to analyst estimates of $897.03 million. During the same period in the previous year, the firm posted $0.64 EPS. The company's revenue was down 2.0% compared to the same quarter last year. Analysts forecast that Alliant Energy Co. will post 3.05 earnings per share for the current year.

Alliant Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date is Thursday, October 31st. Alliant Energy's dividend payout ratio is presently 69.82%.

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.