Natixis Advisors LLC Has $19.66 Million Position in Alliant Energy Corporation (NASDAQ:LNT)

Key Points

• Natixis Advisors LLC increased its stake in Alliant Energy Corporation by 52.3%, acquiring 104,907 additional shares to reach a total of 305,524 shares valued at approximately $19.66 million.
• Alliant Energy reported a quarterly earnings per share of $0.83, exceeding analysts' expectations of $0.71, with a 9.4% year-over-year revenue increase to $1.13 billion.
• The company announced a quarterly dividend of $0.5075 to be paid on August 15th, offering an annualized dividend yield of 3.1%.

Natixis Advisors LLC grew its holdings in Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 52.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 305,524 shares of the company's stock after buying an additional 104,907 shares during the period. Natixis Advisors LLC owned 0.12% of Alliant Energy worth $19,660,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LNT. Utah Retirement Systems boosted its stake in shares of Alliant Energy by 0.5% during the fourth quarter. Utah Retirement Systems now owns 42,394 shares of the company's stock worth $2,507,000 after buying an additional 200 shares during the period. Leavell Investment Management Inc. grew its position in shares of Alliant Energy by 3.4% in the first quarter. Leavell Investment Management Inc. now owns 6,061 shares of the company's stock valued at $390,000 after purchasing an additional 200 shares during the last quarter. Moss Adams Wealth Advisors LLC increased its position in Alliant Energy by 5.9% during the first quarter. Moss Adams Wealth Advisors LLC now owns 3,629 shares of the company's stock worth $234,000 after buying an additional 201 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of Alliant Energy by 28.9% during the first quarter. Larson Financial Group LLC now owns 931 shares of the company's stock worth $60,000 after buying an additional 209 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased its stake in Alliant Energy by 5.0% in the fourth quarter. Integrated Wealth Concepts LLC now owns 4,428 shares of the company's stock valued at $262,000 after purchasing an additional 211 shares during the last quarter. Institutional investors and hedge funds own 79.90% of the company's stock.

Alliant Energy Stock Up 0.5%

Shares of NASDAQ LNT traded up $0.35 during mid-day trading on Thursday, reaching $66.12. The company had a trading volume of 2,270,919 shares, compared to its average volume of 1,977,171. The company has a market capitalization of $16.98 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 3.12 and a beta of 0.53. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.24 and a current ratio of 0.34. The stock has a fifty day moving average of $62.33 and a two-hundred day moving average of $61.82. Alliant Energy Corporation has a 12-month low of $55.17 and a 12-month high of $66.62.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.12. Alliant Energy had a net margin of 18.26% and a return on equity of 12.01%. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the business posted $0.62 earnings per share. Alliant Energy's revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, equities research analysts expect that Alliant Energy Corporation will post 3.23 EPS for the current year.

Alliant Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 31st will be given a $0.5075 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.1%. Alliant Energy's payout ratio is currently 70.00%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LNT. Jefferies Financial Group set a $71.00 target price on shares of Alliant Energy and gave the stock a "buy" rating in a research report on Tuesday, May 20th. UBS Group reiterated a "neutral" rating and issued a $67.00 price target (up from $65.00) on shares of Alliant Energy in a research note on Friday, July 11th. Wall Street Zen raised shares of Alliant Energy from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Barclays lowered shares of Alliant Energy from an "equal weight" rating to an "underweight" rating and upped their price target for the stock from $59.00 to $61.00 in a research report on Tuesday, April 22nd. Finally, BMO Capital Markets reduced their price objective on shares of Alliant Energy from $66.00 to $64.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $64.23.

Alliant Energy 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.