Aviva PLC Decreases Holdings in Alliant Energy Co. (NASDAQ:LNT)

Aviva PLC decreased its position in shares of Alliant Energy Co. (NASDAQ:LNT) by 5.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,932 shares of the company’s stock after selling 4,327 shares during the quarter. Aviva PLC’s holdings in Alliant Energy were worth $4,513,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Compagnie Lombard Odier SCmA purchased a new stake in shares of Alliant Energy during the 2nd quarter worth approximately $25,000. Eagle Bay Advisors LLC purchased a new stake in shares of Alliant Energy during the 2nd quarter worth approximately $28,000. Selective Wealth Management Inc. acquired a new position in shares of Alliant Energy during the 2nd quarter worth approximately $36,000. Parallel Advisors LLC raised its position in shares of Alliant Energy by 51.1% during the 2nd quarter. Parallel Advisors LLC now owns 789 shares of the company’s stock worth $44,000 after purchasing an additional 267 shares during the last quarter. Finally, Institutional & Family Asset Management LLC raised its position in shares of Alliant Energy by 725.0% during the 1st quarter. Institutional & Family Asset Management LLC now owns 825 shares of the company’s stock worth $45,000 after purchasing an additional 725 shares during the last quarter. 75.93% of the stock is currently owned by institutional investors and hedge funds.

LNT has been the subject of several research reports. Guggenheim downgraded Alliant Energy from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 7th. Bank of America downgraded Alliant Energy from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $60.89 to $58.00 in a research report on Thursday, July 8th. Wells Fargo & Company downgraded Alliant Energy from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $61.56 to $66.00 in a research report on Tuesday, August 17th. Argus lifted their price objective on Alliant Energy from $56.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, June 11th. Finally, Barclays lifted their price objective on Alliant Energy from $55.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 25th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $60.00.

Shares of LNT opened at $57.83 on Friday. The stock has a fifty day moving average of $59.85 and a two-hundred day moving average of $56.94. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.42 and a current ratio of 0.55. The company has a market capitalization of $14.47 billion, a PE ratio of 23.22, a price-to-earnings-growth ratio of 3.92 and a beta of 0.35. Alliant Energy Co. has a fifty-two week low of $45.99 and a fifty-two week high of $62.35.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Wednesday, August 4th. The company reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.01. Alliant Energy had a return on equity of 10.72% and a net margin of 18.38%. The company had revenue of $817.00 million during the quarter. During the same quarter last year, the firm posted $0.54 earnings per share. As a group, equities research analysts forecast that Alliant Energy Co. will post 2.59 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 16th. Stockholders of record on Friday, July 30th were paid a dividend of $0.4025 per share. The ex-dividend date of this dividend was Thursday, July 29th. This represents a $1.61 annualized dividend and a dividend yield of 2.78%. Alliant Energy’s dividend payout ratio is presently 66.26%.

About Alliant Energy

Alliant Energy Corp. is a regulated investor-owned public utility holding company that engages in the provision of regulated electricity and natural gas service to natural gas customers in the Midwest through its two public utility subsidiaries. It operates its business through following segments: utility electric operations, utility gas operations; and utility other.

Further Reading: What does it mean to hold a stock in street name?

Want to see what other hedge funds are holding LNT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alliant Energy Co. (NASDAQ:LNT).

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

Receive News & Ratings for Alliant Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliant Energy and related companies with MarketBeat.com's FREE daily email newsletter.