Neuburgh Advisers LLC cut its stake in shares of Alliant Energy Co. (NYSE:LNT) by 49.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,354 shares of the utilities provider’s stock after selling 15,776 shares during the period. Neuburgh Advisers LLC’s holdings in Alliant Energy were worth $668,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in LNT. Thompson Siegel & Walmsley LLC increased its position in shares of Alliant Energy by 82.3% during the first quarter. Thompson Siegel & Walmsley LLC now owns 3,618,496 shares of the utilities provider’s stock valued at $147,852,000 after acquiring an additional 1,633,558 shares during the last quarter. Boston Partners increased its position in shares of Alliant Energy by 24.7% during the fourth quarter. Boston Partners now owns 6,853,230 shares of the utilities provider’s stock valued at $292,016,000 after acquiring an additional 1,356,046 shares during the last quarter. BlackRock Inc. increased its position in shares of Alliant Energy by 3.3% during the fourth quarter. BlackRock Inc. now owns 18,971,645 shares of the utilities provider’s stock valued at $808,383,000 after acquiring an additional 611,677 shares during the last quarter. Schroder Investment Management Group increased its position in shares of Alliant Energy by 45.2% during the fourth quarter. Schroder Investment Management Group now owns 1,682,521 shares of the utilities provider’s stock valued at $71,692,000 after acquiring an additional 523,476 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Alliant Energy by 42.6% during the fourth quarter. Renaissance Technologies LLC now owns 1,311,800 shares of the utilities provider’s stock valued at $55,896,000 after acquiring an additional 392,100 shares during the last quarter. Institutional investors and hedge funds own 72.40% of the company’s stock.
Shares of Alliant Energy opened at $40.57 on Monday, Marketbeat reports. The company has a quick ratio of 0.25, a current ratio of 0.35 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $9.39 billion, a P/E ratio of 21.02, a price-to-earnings-growth ratio of 3.43 and a beta of 0.29. Alliant Energy Co. has a fifty-two week low of $36.84 and a fifty-two week high of $45.55.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 15th. Investors of record on Monday, April 30th were issued a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend was Friday, April 27th. Alliant Energy’s dividend payout ratio (DPR) is currently 69.43%.
A number of equities research analysts have weighed in on LNT shares. Zacks Investment Research upgraded shares of Alliant Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 28th. 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. ValuEngine upgraded shares of Alliant Energy from a “hold” rating to a “buy” rating in a research report on Friday, April 27th. Finally, Wells Fargo reiterated a “market perform” rating and set a $43.00 price target (down from $47.00) on shares of Alliant Energy in a research report on Monday, February 26th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $43.57.
In related news, SVP James H. Gallegos sold 5,000 shares of Alliant Energy stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $39.80, for a total value of $199,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.25% of the company’s stock.
About Alliant Energy
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: Electric, Gas, and 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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