Westwood Holdings Group Inc. cut its stake in Alliant Energy Co. (NYSE:LNT) by 9.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,081,875 shares of the utilities provider’s stock after selling 113,213 shares during the period. Westwood Holdings Group Inc. owned about 0.47% of Alliant Energy worth $46,099,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of LNT. Boston Partners grew its holdings in shares of Alliant Energy by 24.7% in the fourth quarter. Boston Partners now owns 6,853,230 shares of the utilities provider’s stock worth $292,016,000 after purchasing an additional 1,356,046 shares during the last quarter. BlackRock Inc. grew its holdings in Alliant Energy by 3.3% during the 4th quarter. BlackRock Inc. now owns 18,971,645 shares of the utilities provider’s stock worth $808,383,000 after acquiring an additional 611,677 shares in the last quarter. Schroder Investment Management Group grew its holdings in Alliant Energy by 45.2% during the 4th quarter. Schroder Investment Management Group now owns 1,682,521 shares of the utilities provider’s stock worth $71,692,000 after acquiring an additional 523,476 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Alliant Energy by 42.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,311,800 shares of the utilities provider’s stock worth $55,896,000 after acquiring an additional 392,100 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in Alliant Energy by 19.7% during the 4th quarter. Millennium Management LLC now owns 2,268,709 shares of the utilities provider’s stock worth $96,670,000 after acquiring an additional 372,726 shares in the last quarter. Hedge funds and other institutional investors own 69.92% of the company’s stock.
Several analysts have commented on LNT shares. Wells Fargo lowered shares of Alliant Energy from an “outperform” rating to a “market perform” rating in a research report on Monday, December 18th. Zacks Investment Research lowered shares of Alliant Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, January 24th. UBS started coverage on shares of Alliant Energy in a research report on Friday, February 2nd. They set a “neutral” rating and a $40.00 price target for the company. Finally, Guggenheim reissued a “hold” rating and set a $43.00 price target on shares of Alliant Energy in a research report on Wednesday, January 3rd. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Alliant Energy presently has an average rating of “Hold” and an average target price of $42.83.
In other news, SVP James H. Gallegos sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $39.80, for a total transaction of $199,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.33% of the stock is owned by company insiders.
Alliant Energy Co. (NYSE:LNT) opened at $40.13 on Friday. Alliant Energy Co. has a 1 year low of $36.84 and a 1 year high of $45.55. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.32 and a current ratio of 0.42. The stock has a market cap of $9,175.59, a P/E ratio of 20.17, a price-to-earnings-growth ratio of 3.55 and a beta of 0.37.
Alliant Energy (NYSE:LNT) last posted its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). Alliant Energy had a return on equity of 11.11% and a net margin of 13.82%. The business had revenue of $856.10 million for the quarter, compared to analysts’ expectations of $896.94 million. During the same period in the prior year, the business posted $0.28 earnings per share. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. equities analysts predict that Alliant Energy Co. will post 2.11 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were paid a dividend of $0.335 per share. This is a boost from Alliant Energy’s previous quarterly dividend of $0.32. The ex-dividend date was Tuesday, January 30th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 3.34%. Alliant Energy’s dividend payout ratio (DPR) is presently 67.34%.
Alliant Energy announced that its Board of Directors has approved a share repurchase program on Monday, January 15th that permits the company to buyback outstanding shares. This buyback authorization permits the utilities provider to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.
TRADEMARK VIOLATION NOTICE: “Alliant Energy Co. (LNT) Stake Decreased by Westwood Holdings Group Inc.” was originally posted by Stock Observer and is owned by of Stock Observer. If you are accessing this piece of content on another site, it was copied illegally and republished in violation of United States & international copyright laws. The legal version of this piece of content can be read at https://www.thestockobserver.com/2018/03/17/alliant-energy-co-lnt-stake-decreased-by-westwood-holdings-group-inc.html.
About Alliant Energy
Alliant Energy Corporation operates as a regulated investor-owned public utility holding company. The Company’s segments include Utility and Non-regulated, Parent and Other. The Utility segment includes the operations of Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL), which serve retail customers in Iowa and Wisconsin.
Want to see what other hedge funds are holding LNT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alliant Energy Co. (NYSE:LNT).
Receive News & Ratings for Alliant Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliant Energy and related companies with MarketBeat.com's FREE daily email newsletter.