Natixis Advisors L.P. Sells 20,251 Shares of Alliant Energy Co. (NASDAQ:LNT)

Natixis Advisors L.P. reduced its position in shares of Alliant Energy Co. (NASDAQ:LNT) by 8.1% in the 4th quarter, HoldingsChannel reports. The firm owned 229,257 shares of the company’s stock after selling 20,251 shares during the period. Natixis Advisors L.P.’s holdings in Alliant Energy were worth $11,760,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LNT. Wetzel Investment Advisors Inc. acquired a new stake in shares of Alliant Energy during the fourth quarter worth approximately $26,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Alliant Energy during the 4th quarter valued at $38,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Alliant Energy in the 4th quarter valued at $43,000. Authentikos Wealth Advisory LLC acquired a new position in Alliant Energy in the third quarter worth $42,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Alliant Energy during the third quarter worth $45,000. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Alliant Energy Stock Up 1.2 %

NASDAQ:LNT opened at $51.13 on Wednesday. The company has a quick ratio of 0.40, a current ratio of 0.56 and a debt-to-equity ratio of 1.25. Alliant Energy Co. has a 12-month low of $45.15 and a 12-month high of $56.26. The stock’s fifty day simple moving average is $49.14 and its 200-day simple moving average is $49.57. The firm has a market capitalization of $13.11 billion, a P/E ratio of 18.59, a P/E/G ratio of 2.69 and a beta of 0.54.

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

Alliant Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be issued a $0.48 dividend. The ex-dividend date is Monday, April 29th. This represents a $1.92 annualized dividend and a yield of 3.76%. Alliant Energy’s dividend payout ratio (DPR) is presently 69.82%.

Insider Activity

In other Alliant Energy news, CEO Lisa M. Barton bought 1,100 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was purchased at an average cost of $48.56 per share, with a total value of $53,416.00. Following the completion of the purchase, the chief executive officer now owns 36,444 shares in the company, valued at $1,769,720.64. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.31% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

LNT has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their price target on Alliant Energy from $55.00 to $56.00 and gave the company an “overweight” rating in a report on Monday. Scotiabank reduced their target price on shares of Alliant Energy from $57.00 to $53.00 and set a “sector outperform” rating on the stock in a research report on Monday, April 22nd. Bank of America lowered their price target on shares of Alliant Energy from $55.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, April 11th. BMO Capital Markets increased their price objective on Alliant Energy from $51.00 to $53.00 and gave the company a “market perform” rating in a research report on Monday, April 15th. Finally, 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 research report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Alliant Energy currently has a consensus rating of “Hold” and a consensus price target of $51.38.

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.