Alliant Energy Co. (NASDAQ:LNT) Shares Sold by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. decreased its position in shares of Alliant Energy Co. (NASDAQ:LNT – Get Rating) by 1.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 229,487 shares of the company’s stock after selling 2,809 shares during the quarter. Epoch Investment Partners Inc. owned 0.09% of Alliant Energy worth $14,107,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. TAP Consulting LLC acquired a new stake in Alliant Energy in the 4th quarter valued at $28,000. Sargent Bickham Lagudis LLC lifted its holdings in Alliant Energy by 454.5% in the 4th quarter. Sargent Bickham Lagudis LLC now owns 488 shares of the company’s stock valued at $30,000 after purchasing an additional 400 shares in the last quarter. Covestor Ltd purchased a new position in Alliant Energy in the 4th quarter valued at $73,000. Consolidated Planning Corp purchased a new position in Alliant Energy in the 3rd quarter valued at $86,000. Finally, NN Investment Partners Holdings N.V. purchased a new position in Alliant Energy in the 4th quarter valued at $111,000. 75.25% of the stock is currently owned by institutional investors and hedge funds.

Shares of LNT opened at $58.67 on Friday. The stock has a 50 day moving average price of $61.25 and a 200 day moving average price of $59.47. The company has a quick ratio of 0.60, a current ratio of 0.72 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $14.71 billion, a price-to-earnings ratio of 21.65, a price-to-earnings-growth ratio of 3.72 and a beta of 0.45. Alliant Energy Co. has a 52-week low of $54.46 and a 52-week high of $65.37.

Alliant Energy (NASDAQ:LNT – Get Rating) last announced its quarterly earnings results on Thursday, April 28th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.05. Alliant Energy had a return on equity of 11.60% and a net margin of 18.04%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $983.76 million. During the same period in the prior year, the company posted $0.68 earnings per share. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. On average, equities analysts anticipate that Alliant Energy Co. will post 2.75 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 16th. Shareholders of record on Friday, April 29th were paid a $0.428 dividend. The ex-dividend date was Thursday, April 28th. This represents a $1.71 dividend on an annualized basis and a yield of 2.92%. This is a boost from Alliant Energy’s previous quarterly dividend of $0.43. Alliant Energy’s payout ratio is currently 63.10%.

A number of research analysts have weighed in on the company. Bank of America upgraded Alliant Energy from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $57.00 to $60.00 in a report on Tuesday, May 17th. Wolfe Research reduced their price target on Alliant Energy from $67.00 to $65.00 in a report on Monday, May 2nd. Finally, Wells Fargo & Company reduced their price objective on shares of Alliant Energy from $61.00 to $60.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 22nd. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $62.17.

Alliant Energy Company Profile (Get Rating)

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services. It operates through 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.

Read More