Alliant Energy Co. (NASDAQ:LNT) Shares Sold by 1832 Asset Management L.P.

1832 Asset Management L.P. decreased its stake in Alliant Energy Co. (NASDAQ:LNT) by 4.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,579 shares of the company’s stock after selling 1,384 shares during the quarter. 1832 Asset Management L.P.’s holdings in Alliant Energy were worth $1,642,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of LNT. Victory Capital Management Inc. lifted its position in shares of Alliant Energy by 5.8% in the fourth quarter. Victory Capital Management Inc. now owns 9,194,528 shares of the company’s stock valued at $471,679,000 after acquiring an additional 505,101 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Alliant Energy by 68.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,802,777 shares of the company’s stock worth $246,382,000 after purchasing an additional 1,948,485 shares during the last quarter. Cohen & Steers Inc. grew its holdings in shares of Alliant Energy by 6.2% during the fourth quarter. Cohen & Steers Inc. now owns 3,651,565 shares of the company’s stock worth $187,325,000 after buying an additional 213,522 shares in the last quarter. Mairs & Power Inc. raised its position in shares of Alliant Energy by 2.2% in the fourth quarter. Mairs & Power Inc. now owns 3,173,484 shares of the company’s stock valued at $162,800,000 after buying an additional 67,550 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Alliant Energy by 2.3% in the fourth quarter. Northern Trust Corp now owns 2,491,130 shares of the company’s stock worth $127,795,000 after buying an additional 55,131 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Alliant Energy Trading Up 0.3 %

Shares of Alliant Energy stock traded up $0.17 during trading hours on Friday, hitting $56.01. The company’s stock had a trading volume of 1,263,404 shares, compared to its average volume of 1,383,877. The firm has a fifty day moving average of $51.67 and a 200-day moving average of $50.09. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.40 and a current ratio of 0.56. The stock has a market cap of $14.36 billion, a price-to-earnings ratio of 20.37, a P/E/G ratio of 2.66 and a beta of 0.56. Alliant Energy Co. has a twelve month low of $45.15 and a twelve month high of $56.79.

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

Alliant Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be issued a $0.48 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $1.92 annualized dividend and a yield of 3.43%. Alliant Energy’s dividend payout ratio (DPR) is presently 69.82%.

Analysts Set New Price Targets

Several analysts recently issued reports on LNT shares. BMO Capital Markets upped their price objective on shares of Alliant Energy from $51.00 to $53.00 and gave the company a “market perform” rating in a research note on Monday, April 15th. Wells Fargo & Company upped their price target on Alliant Energy from $55.00 to $56.00 and gave the company an “overweight” rating in a research report on Monday, May 6th. Barclays lifted their price objective on Alliant Energy from $52.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 11th. LADENBURG THALM/SH SH dropped their target price on Alliant Energy from $48.50 to $48.00 and set a “neutral” rating for the company in a report on Monday, April 29th. Finally, Bank of America reduced their price target on Alliant Energy from $55.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Alliant Energy presently has a consensus rating of “Hold” and a consensus target price of $51.63.

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.