Gateway Investment Advisers LLC Sells 4,783 Shares of Alliant Energy Co. (NASDAQ:LNT)

Gateway Investment Advisers LLC lowered its stake in Alliant Energy Co. (NASDAQ:LNT - Free Report) by 1.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 289,215 shares of the company's stock after selling 4,783 shares during the quarter. Gateway Investment Advisers LLC owned about 0.11% of Alliant Energy worth $18,611,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in Alliant Energy in the 4th quarter worth approximately $29,000. Larson Financial Group LLC grew its holdings in shares of Alliant Energy by 67.5% in the fourth quarter. Larson Financial Group LLC now owns 722 shares of the company's stock valued at $43,000 after purchasing an additional 291 shares in the last quarter. WASHINGTON TRUST Co increased its position in Alliant Energy by 251.2% in the fourth quarter. WASHINGTON TRUST Co now owns 878 shares of the company's stock worth $52,000 after purchasing an additional 628 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new stake in Alliant Energy in the fourth quarter worth $53,000. Finally, Optiver Holding B.V. raised its stake in Alliant Energy by 382.5% during the fourth quarter. Optiver Holding B.V. now owns 912 shares of the company's stock valued at $54,000 after purchasing an additional 723 shares in the last quarter. Institutional investors own 79.90% of the company's stock.

Analyst Ratings Changes

LNT has been the subject of a number of recent research reports. Guggenheim reissued a "neutral" rating and issued a $57.00 price objective on shares of Alliant Energy in a research note on Monday, February 24th. Jefferies Financial Group set a $71.00 price target on Alliant Energy and gave the stock a "buy" rating in a research report on Tuesday, May 20th. UBS Group boosted their price objective on Alliant Energy from $65.00 to $68.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Wall Street Zen raised Alliant Energy from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Finally, Barclays cut Alliant Energy from an "equal weight" rating to an "underweight" rating and lifted their target price for the stock from $59.00 to $61.00 in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $63.95.

Alliant Energy Trading Up 0.3%

LNT opened at $60.48 on Friday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86. The stock's 50 day moving average price is $61.23 and its 200-day moving average price is $61.12. Alliant Energy Co. has a one year low of $49.25 and a one year high of $66.54. The stock has a market cap of $15.54 billion, a price-to-earnings ratio of 22.48, a P/E/G ratio of 2.83 and a beta of 0.57.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.12. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. The company had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same quarter in the previous year, the business earned $0.62 EPS. Alliant Energy's revenue was up 9.4% compared to the same quarter last year. On average, equities analysts forecast that Alliant Energy Co. will post 3.23 EPS for the current year.

Alliant Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were given a $0.5075 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $2.03 annualized dividend and a yield of 3.36%. Alliant Energy's dividend payout ratio (DPR) is 70.00%.

About Alliant Energy

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.

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