Madison Asset Management LLC Trims Stake in Alliant Energy Co. (NASDAQ:LNT)

Madison Asset Management LLC lowered its holdings in Alliant Energy Co. (NASDAQ:LNT) by 7.5% during the first quarter, Holdings Channel.com reports. The firm owned 6,953 shares of the company’s stock after selling 560 shares during the period. Madison Asset Management LLC’s holdings in Alliant Energy were worth $377,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of LNT. Janus Henderson Group PLC raised its holdings in shares of Alliant Energy by 43.8% in the 4th quarter. Janus Henderson Group PLC now owns 8,473,743 shares of the company’s stock valued at $436,651,000 after buying an additional 2,581,492 shares during the period. AE Wealth Management LLC raised its holdings in shares of Alliant Energy by 45.5% in the 1st quarter. AE Wealth Management LLC now owns 35,715 shares of the company’s stock valued at $1,934,000 after buying an additional 11,164 shares during the period. Ellsworth Advisors LLC raised its holdings in shares of Alliant Energy by 24.0% in the 1st quarter. Ellsworth Advisors LLC now owns 25,959 shares of the company’s stock valued at $1,406,000 after buying an additional 5,023 shares during the period. Blair William & Co. IL raised its holdings in shares of Alliant Energy by 12.5% in the 4th quarter. Blair William & Co. IL now owns 21,178 shares of the company’s stock valued at $1,091,000 after buying an additional 2,345 shares during the period. Finally, Magellan Asset Management Ltd raised its holdings in shares of Alliant Energy by 3.9% in the 4th quarter. Magellan Asset Management Ltd now owns 2,394,381 shares of the company’s stock valued at $123,383,000 after buying an additional 89,814 shares during the period. Institutional investors own 75.41% of the company’s stock.

Several equities research analysts recently issued reports on LNT shares. Wells Fargo & Company cut their price objective on Alliant Energy from $60.00 to $54.00 and set an “overweight” rating on the stock in a report on Monday, February 22nd. Barclays upped their price target on Alliant Energy from $55.00 to $61.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 25th. TheStreet upgraded Alliant Energy from a “c+” rating to a “b” rating in a report on Monday, April 26th. Finally, Mizuho upgraded Alliant Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $50.00 to $61.00 in a report on Tuesday, May 18th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Alliant Energy presently has a consensus rating of “Hold” and a consensus target price of $57.29.

NASDAQ:LNT opened at $58.54 on Friday. The business’s 50-day simple moving average is $56.52. The firm has a market cap of $14.64 billion, a PE ratio of 23.80, a P/E/G ratio of 4.08 and a beta of 0.35. Alliant Energy Co. has a 1 year low of $45.99 and a 1 year high of $58.66. The company has a current ratio of 0.54, a quick ratio of 0.39 and a debt-to-equity ratio of 1.12.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings data on Wednesday, May 5th. The company reported $0.68 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.68. The business had revenue of $901.00 million during the quarter, compared to analysts’ expectations of $946.43 million. Alliant Energy had a return on equity of 10.69% and a net margin of 18.40%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.72 EPS. As a group, research analysts forecast that Alliant Energy Co. will post 2.58 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 17th. Stockholders of record on Friday, April 30th were given a dividend of $0.4025 per share. The ex-dividend date was Thursday, April 29th. This represents a $1.61 annualized dividend and a dividend yield of 2.75%. Alliant Energy’s dividend payout ratio is currently 66.26%.

About Alliant Energy

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the Midwest region of 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.

Further Reading: Net Margin

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Institutional Ownership by Quarter for Alliant Energy (NASDAQ:LNT)

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