Gotham Asset Management LLC Sells 5,927 Shares of Alliant Energy Co. (NASDAQ:LNT)

Gotham Asset Management LLC decreased its holdings in Alliant Energy Co. (NASDAQ:LNT - Free Report) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 143,731 shares of the company's stock after selling 5,927 shares during the quarter. Gotham Asset Management LLC owned 0.06% of Alliant Energy worth $8,500,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Park Avenue Securities LLC bought a new stake in shares of Alliant Energy during the 4th quarter valued at about $257,000. SBI Securities Co. Ltd. bought a new stake in shares of Alliant Energy during the 4th quarter valued at about $29,000. Strategic Financial Concepts LLC bought a new stake in shares of Alliant Energy during the 4th quarter valued at about $213,000. Korea Investment CORP grew its stake in shares of Alliant Energy by 62.1% during the 4th quarter. Korea Investment CORP now owns 190,875 shares of the company's stock valued at $11,288,000 after purchasing an additional 73,101 shares during the period. Finally, Sound Income Strategies LLC grew its stake in shares of Alliant Energy by 2,024.4% during the 4th quarter. Sound Income Strategies LLC now owns 4,525 shares of the company's stock valued at $268,000 after purchasing an additional 4,312 shares during the period. Hedge funds and other institutional investors own 79.90% of the company's stock.

Alliant Energy Price Performance

LNT traded up $1.24 during trading on Thursday, reaching $61.71. 2,766,861 shares of the company traded hands, compared to its average volume of 1,659,716. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86. Alliant Energy Co. has a 12-month low of $49.05 and a 12-month high of $66.54. The firm has a fifty day simple moving average of $61.67 and a 200 day simple moving average of $60.84. The company has a market cap of $15.85 billion, a P/E ratio of 22.94, a PEG ratio of 2.83 and a beta of 0.58.

Alliant Energy (NASDAQ:LNT - Get Free Report) last announced 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 net margin of 17.33% and a return on equity of 11.39%. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the firm posted $0.62 EPS. The company's revenue was up 9.4% on a year-over-year basis. On average, equities analysts forecast that Alliant Energy Co. will post 3.23 EPS for the current year.

Alliant Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.5075 per share. The ex-dividend date is Wednesday, April 30th. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.29%. Alliant Energy's dividend payout ratio is currently 70.00%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on LNT shares. BMO Capital Markets cut their price objective on Alliant Energy from $66.00 to $64.00 and set a "market perform" rating for the company in a research note on Tuesday, April 22nd. Barclays lowered shares of Alliant Energy from an "equal weight" rating to an "underweight" rating and increased their target price for the stock from $59.00 to $61.00 in a report on Tuesday, April 22nd. Guggenheim reissued a "neutral" rating and issued a $57.00 target price on shares of Alliant Energy in a report on Monday, February 24th. StockNews.com raised shares of Alliant Energy from a "sell" rating to a "hold" rating in a report on Thursday. Finally, UBS Group increased their target price on shares of Alliant Energy from $65.00 to $68.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Alliant Energy has an average rating of "Hold" and an average price target of $63.55.

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.