Bahl & Gaynor Inc. Raises Position in Alliant Energy Co. (NASDAQ:LNT)

Bahl & Gaynor Inc. lifted its stake in Alliant Energy Co. (NASDAQ:LNT) by 8.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 325,871 shares of the company’s stock after purchasing an additional 26,337 shares during the quarter. Bahl & Gaynor Inc. owned about 0.13% of Alliant Energy worth $16,424,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of LNT. Duality Advisers LP bought a new position in Alliant Energy during the fourth quarter valued at $2,656,000. BNP Paribas Financial Markets raised its position in Alliant Energy by 224.2% in the 4th quarter. BNP Paribas Financial Markets now owns 468,855 shares of the company’s stock worth $24,052,000 after purchasing an additional 324,252 shares during the period. Everence Capital Management Inc. boosted its position in shares of Alliant Energy by 239.1% during the fourth quarter. Everence Capital Management Inc. now owns 25,260 shares of the company’s stock valued at $1,296,000 after buying an additional 17,810 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Alliant Energy by 24.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 103,499 shares of the company’s stock valued at $5,309,000 after buying an additional 20,371 shares during the last quarter. Finally, Louisiana State Employees Retirement System purchased a new stake in shares of Alliant Energy in the fourth quarter worth approximately $790,000. Institutional investors own 79.90% of the company’s stock.

Analyst Upgrades and Downgrades

LNT has been the subject of a number of recent analyst reports. Wells Fargo & Company boosted their price objective on Alliant Energy from $55.00 to $56.00 and gave the company an “overweight” rating in a report on Monday, May 6th. BMO Capital Markets upped their price target on shares of Alliant Energy from $51.00 to $53.00 and gave the stock a “market perform” rating in a report on Monday, April 15th. LADENBURG THALM/SH SH decreased their price objective on shares of Alliant Energy from $48.50 to $48.00 and set a “neutral” rating for the company in a report on Monday, April 29th. Scotiabank dropped their target price on shares of Alliant Energy from $57.00 to $53.00 and set a “sector outperform” rating on the stock in a research note on Monday, April 22nd. Finally, Barclays boosted their price target on Alliant Energy from $52.00 to $55.00 and gave the company an “equal weight” rating in a report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $51.63.

Alliant Energy Stock Down 0.0 %

LNT stock traded down $0.01 during trading on Tuesday, hitting $54.99. 489,637 shares of the company’s stock traded hands, compared to its average volume of 1,731,794. Alliant Energy Co. has a 1 year low of $45.15 and a 1 year high of $56.30. The business has a fifty day simple moving average of $51.37 and a two-hundred day simple moving average of $49.98. The firm has a market capitalization of $14.10 billion, a P/E ratio of 20.00, a PEG ratio of 2.60 and a beta of 0.56. The company has a quick ratio of 0.40, a current ratio of 0.56 and a debt-to-equity ratio of 1.25.

Alliant Energy (NASDAQ:LNT) last posted its earnings results on Friday, May 3rd. The company reported $0.62 EPS for the quarter, meeting analysts’ consensus estimates of $0.62. Alliant Energy had a net margin of 17.53% and a return on equity of 10.57%. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the company posted $0.65 earnings per share. Alliant Energy’s revenue for the quarter was down 4.3% compared to the same quarter last year. Sell-side analysts anticipate that Alliant Energy Co. will post 3.08 EPS for the current year.

Alliant Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be given a dividend of $0.48 per share. The ex-dividend date is Wednesday, July 31st. This represents a $1.92 dividend on an annualized basis and a yield of 3.49%. Alliant Energy’s dividend payout ratio is presently 69.82%.

Alliant Energy Company 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.