Reaves W H & Co. Inc. Has $46.54 Million Position in Alliant Energy Co. (NASDAQ:LNT)

Reaves W H & Co. Inc. reduced its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 48.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 786,898 shares of the company’s stock after selling 728,099 shares during the period. Reaves W H & Co. Inc. owned about 0.31% of Alliant Energy worth $46,537,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Janus Henderson Group PLC boosted its position in shares of Alliant Energy by 0.6% during the 3rd quarter. Janus Henderson Group PLC now owns 10,691,172 shares of the company’s stock valued at $648,847,000 after acquiring an additional 65,110 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Alliant Energy by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 6,593,166 shares of the company’s stock valued at $398,880,000 after acquiring an additional 92,525 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Alliant Energy by 8.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,512,770 shares of the company’s stock valued at $395,260,000 after acquiring an additional 512,429 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Alliant Energy by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,216,475 shares of the company’s stock valued at $134,518,000 after acquiring an additional 14,225 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its position in shares of Alliant Energy by 92.7% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,604,272 shares of the company’s stock valued at $97,363,000 after acquiring an additional 771,919 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on LNT. BMO Capital Markets boosted their price target on shares of Alliant Energy from $60.00 to $66.00 and gave the company a “market perform” rating in a research report on Monday, February 24th. Guggenheim restated a “neutral” rating and issued a $57.00 price target on shares of Alliant Energy in a research report on Monday, February 24th. Barclays reduced their price target on shares of Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. Scotiabank lowered shares of Alliant Energy from a “sector outperform” rating to a “sector perform” rating and boosted their price target for the company from $64.00 to $67.00 in a research report on Thursday, December 12th. Finally, Wells Fargo & Company reduced their price target on shares of Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $63.25.

Alliant Energy Trading Up 2.3 %

Shares of NASDAQ LNT opened at $66.04 on Tuesday. Alliant Energy Co. has a 1-year low of $47.23 and a 1-year high of $66.15. The company has a market cap of $16.95 billion, a PE ratio of 24.55, a P/E/G ratio of 2.83 and a beta of 0.60. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33. The company has a 50-day moving average of $60.08 and a two-hundred day moving average of $60.05.

Alliant Energy (NASDAQ:LNT) last announced its earnings results on Thursday, February 20th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. The company had revenue of $976.00 million during the quarter, compared to the consensus estimate of $1.14 billion. As a group, equities analysts expect that Alliant Energy Co. will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 31st were paid a dividend of $0.5075 per share. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.07%. This is an increase from Alliant Energy’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, January 31st. Alliant Energy’s payout ratio is 75.46%.

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.