Natixis Advisors LLC Has $11.86 Million Stock Position in Alliant Energy Co. (NASDAQ:LNT)

Natixis Advisors LLC raised its holdings in Alliant Energy Co. (NASDAQ:LNT - Free Report) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 200,617 shares of the company's stock after acquiring an additional 4,299 shares during the quarter. Natixis Advisors LLC owned about 0.08% of Alliant Energy worth $11,864,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Alliant Energy during the third quarter worth $4,742,000. Charles Schwab Investment Management Inc. boosted its position in shares of Alliant Energy by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,216,475 shares of the company's stock worth $134,518,000 after purchasing an additional 14,225 shares in the last quarter. Park Avenue Securities LLC bought a new position in shares of Alliant Energy during the fourth quarter worth $257,000. Daiwa Securities Group Inc. boosted its position in shares of Alliant Energy by 22.3% during the third quarter. Daiwa Securities Group Inc. now owns 53,600 shares of the company's stock worth $3,253,000 after purchasing an additional 9,780 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in shares of Alliant Energy by 23.4% during the third quarter. Cerity Partners LLC now owns 78,245 shares of the company's stock worth $4,749,000 after purchasing an additional 14,827 shares in the last quarter. 79.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

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Alliant Energy Stock Down 0.8 %

LNT stock traded down $0.50 during midday trading on Friday, hitting $63.05. The company's stock had a trading volume of 3,630,645 shares, compared to its average volume of 1,508,901. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72. Alliant Energy Co. has a twelve month low of $47.23 and a twelve month high of $66.54. The company's fifty day moving average price is $61.32 and its 200 day moving average price is $60.53. The stock has a market capitalization of $16.18 billion, a P/E ratio of 23.44, a PEG ratio of 2.83 and a beta of 0.54.

Alliant Energy (NASDAQ:LNT - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.02. The firm had revenue of $976.00 million for the quarter, compared to analyst estimates of $1.14 billion. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. As a group, equities research analysts predict that Alliant Energy Co. will post 3.23 EPS for the current year.

Alliant Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st were paid a dividend of $0.5075 per share. The ex-dividend date was Friday, January 31st. This is a positive change from Alliant Energy's previous quarterly dividend of $0.48. This represents a $2.03 annualized dividend and a dividend yield of 3.22%. Alliant Energy's payout ratio is currently 75.46%.

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.