Machina Capital S.A.S. Sells 8,100 Shares of Alliant Energy Co. (NASDAQ:LNT)

Machina Capital S.A.S. reduced its stake in Alliant Energy Co. (NASDAQ:LNT) by 51.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,684 shares of the company’s stock after selling 8,100 shares during the quarter. Machina Capital S.A.S.’s holdings in Alliant Energy were worth $394,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in LNT. Cambridge Investment Research Advisors Inc. lifted its position in Alliant Energy by 1.3% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 96,950 shares of the company’s stock valued at $4,697,000 after acquiring an additional 1,209 shares in the last quarter. Xponance Inc. increased its stake in Alliant Energy by 3.4% in the 3rd quarter. Xponance Inc. now owns 34,671 shares of the company’s stock valued at $1,680,000 after buying an additional 1,130 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Alliant Energy by 5.7% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 64,614 shares of the company’s stock valued at $3,131,000 after buying an additional 3,510 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Alliant Energy by 4.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,325,792 shares of the company’s stock valued at $112,685,000 after buying an additional 105,723 shares during the last quarter. Finally, Bailard Inc. acquired a new stake in Alliant Energy in the 3rd quarter valued at $293,000. 79.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LNT has been the topic of several recent research reports. Wells Fargo & Company lifted their price target on shares of Alliant Energy from $55.00 to $56.00 and gave the company an “overweight” rating in a research note on Monday. BMO Capital Markets boosted their price objective on shares of Alliant Energy from $51.00 to $53.00 and gave the stock a “market perform” rating in a research note on Monday, April 15th. Scotiabank lowered their price objective on shares of Alliant Energy from $57.00 to $53.00 and set a “sector outperform” rating on the stock in a research note on Monday, April 22nd. LADENBURG THALM/SH SH lowered their price objective on shares of Alliant Energy from $48.50 to $48.00 and set a “neutral” rating on the stock in a research note on Monday, April 29th. Finally, Bank of America lowered their price objective on shares of Alliant Energy from $55.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Alliant Energy currently has a consensus rating of “Hold” and a consensus price target of $51.38.

Insider Transactions at Alliant Energy

In other news, CEO Lisa M. Barton purchased 1,100 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was bought at an average price of $48.56 per share, with a total value of $53,416.00. Following the acquisition, the chief executive officer now owns 36,444 shares in the company, valued at approximately $1,769,720.64. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.31% of the stock is currently owned by insiders.

Alliant Energy Stock Performance

Shares of LNT stock traded down $0.35 during midday trading on Monday, hitting $50.50. 1,281,936 shares of the company were exchanged, compared to its average volume of 1,916,357. The firm has a market capitalization of $12.93 billion, a P/E ratio of 18.36, a PEG ratio of 2.71 and a beta of 0.54. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.40 and a current ratio of 0.56. The firm’s 50 day moving average price is $49.07 and its two-hundred day moving average price is $49.56. Alliant Energy Co. has a 52 week low of $45.15 and a 52 week high of $56.26.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings data on Friday, May 3rd. The company reported $0.62 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.62. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.01 billion. Alliant Energy had a net margin of 17.53% and a return on equity of 10.57%. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 EPS. As a group, equities research analysts anticipate that Alliant Energy Co. will post 3.08 earnings per share for the current year.

Alliant Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date is Monday, April 29th. Alliant Energy’s dividend payout ratio (DPR) is presently 69.82%.

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.