Coastline Trust Co decreased its position in Alliant Energy Co. (NYSE:LNT) by 2.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,370 shares of the utilities provider’s stock after selling 815 shares during the quarter. Coastline Trust Co’s holdings in Alliant Energy were worth $1,775,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp grew its stake in shares of Alliant Energy by 3.7% in the 1st quarter. State Street Corp now owns 13,543,688 shares of the utilities provider’s stock worth $654,025,000 after acquiring an additional 477,735 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Alliant Energy by 5.2% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,747,845 shares of the utilities provider’s stock worth $179,297,000 after acquiring an additional 184,310 shares in the last quarter. Zimmer Partners LP grew its stake in shares of Alliant Energy by 7.4% in the 1st quarter. Zimmer Partners LP now owns 3,221,100 shares of the utilities provider’s stock worth $155,547,000 after acquiring an additional 221,100 shares in the last quarter. Jennison Associates LLC grew its stake in shares of Alliant Energy by 6.6% in the 2nd quarter. Jennison Associates LLC now owns 2,110,672 shares of the utilities provider’s stock worth $100,975,000 after acquiring an additional 130,801 shares in the last quarter. Finally, California Public Employees Retirement System grew its position in Alliant Energy by 5.8% during the second quarter. California Public Employees Retirement System now owns 2,058,027 shares of the utilities provider’s stock valued at $98,456,000 after buying an additional 113,695 shares during the period. Hedge funds and other institutional investors own 71.12% of the company’s stock.

Several equities analysts recently weighed in on the stock. Barclays lowered shares of Alliant Energy from an “overweight” rating to an “equal weight” rating and set a $56.00 price target for the company. in a research report on Monday, September 21st. Mizuho increased their price target on shares of Alliant Energy from $51.00 to $53.00 and gave the company a “neutral” rating in a research report on Monday, October 12th. Wells Fargo & Company increased their price target on shares of Alliant Energy from $55.00 to $62.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Finally, UBS Group increased their price target on shares of Alliant Energy from $52.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $57.20.

Shares of NYSE:LNT opened at $54.89 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.73 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $13.70 billion, a PE ratio of 28.44, a P/E/G ratio of 3.28 and a beta of 0.18. Alliant Energy Co. has a twelve month low of $37.66 and a twelve month high of $60.28. The company has a 50-day moving average price of $52.84 and a two-hundred day moving average price of $50.72.

Alliant Energy (NYSE:LNT) last issued its earnings results on Thursday, August 6th. The utilities provider reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.08. The firm had revenue of $763.10 million during the quarter, compared to analyst estimates of $806.48 million. Alliant Energy had a net margin of 15.09% and a return on equity of 11.69%. The company’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the business earned $0.40 earnings per share. Analysts anticipate that Alliant Energy Co. will post 2.15 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 30th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Thursday, October 29th. Alliant Energy’s payout ratio is 78.76%.

Alliant Energy Profile

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the Midwest region of the United States. It operates through 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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Institutional Ownership by Quarter for Alliant Energy (NYSE:LNT)

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