Gateway Investment Advisers LLC Has $15.03 Million Stake in Alliant Energy Co. (NASDAQ:LNT)

Gateway Investment Advisers LLC lowered its position in Alliant Energy Co. (NASDAQ:LNT) by 17.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 295,330 shares of the company’s stock after selling 62,249 shares during the period. Gateway Investment Advisers LLC’s holdings in Alliant Energy were worth $15,032,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Janus Henderson Group PLC lifted its position in shares of Alliant Energy by 10.3% during the 1st quarter. Janus Henderson Group PLC now owns 10,579,475 shares of the company’s stock valued at $533,205,000 after acquiring an additional 984,963 shares during the period. Victory Capital Management Inc. lifted its position in shares of Alliant Energy by 5.8% during the 4th 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 during the period. Massachusetts Financial Services Co. MA lifted its position in shares of 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 valued at $246,382,000 after acquiring an additional 1,948,485 shares during the period. Cohen & Steers Inc. lifted its position in shares of Alliant Energy by 6.2% during the 4th quarter. Cohen & Steers Inc. now owns 3,651,565 shares of the company’s stock valued at $187,325,000 after acquiring an additional 213,522 shares during the period. Finally, Mairs & Power Inc. lifted its position in shares of Alliant Energy by 2.2% during the 4th quarter. Mairs & Power Inc. now owns 3,173,484 shares of the company’s stock valued at $162,800,000 after acquiring an additional 67,550 shares during the period. Institutional investors and hedge funds own 79.90% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on LNT. LADENBURG THALM/SH SH decreased their price target on shares of Alliant Energy from $48.50 to $48.00 and set a “neutral” rating for the company in a research note on Monday, April 29th. Barclays boosted their price target on shares of Alliant Energy from $52.00 to $55.00 and gave the company an “equal weight” rating in a research note on Thursday, July 11th. Wells Fargo & Company boosted their price target on shares of Alliant Energy from $56.00 to $62.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Scotiabank boosted their price target on shares of Alliant Energy from $53.00 to $58.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 6th. Finally, BMO Capital Markets boosted their price target on shares of Alliant Energy from $58.00 to $60.00 and gave the company a “market perform” rating in a research note on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $53.88.

Alliant Energy Stock Performance

Shares of NASDAQ:LNT traded up $0.17 during midday trading on Friday, reaching $56.07. The company had a trading volume of 1,243,045 shares, compared to its average volume of 1,725,434. The company’s 50 day moving average price is $52.76 and its 200 day moving average price is $50.52. The company has a current ratio of 0.65, a quick ratio of 0.40 and a debt-to-equity ratio of 1.31. The stock has a market cap of $14.38 billion, a P/E ratio of 20.39, a P/E/G ratio of 2.66 and a beta of 0.56. Alliant Energy Co. has a 52-week low of $45.15 and a 52-week high of $58.69.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.07). The company had revenue of $894.00 million during the quarter, compared to analysts’ expectations of $897.03 million. Alliant Energy had a return on equity of 10.23% and a net margin of 15.77%. Alliant Energy’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period last year, the firm posted $0.64 earnings per share. As a group, sell-side analysts anticipate that Alliant Energy Co. will post 3.07 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The business also recently declared 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. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date is Wednesday, July 31st. Alliant Energy’s dividend payout ratio (DPR) is currently 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.