GAMMA Investing LLC Has $945,000 Stock Position in Alliant Energy Co. (NASDAQ:LNT)

GAMMA Investing LLC lifted its stake in Alliant Energy Co. (NASDAQ:LNT) by 8.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,984 shares of the company’s stock after purchasing an additional 1,245 shares during the period. GAMMA Investing LLC’s holdings in Alliant Energy were worth $945,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Janus Henderson Group PLC increased its stake in Alliant Energy by 0.6% in the third quarter. Janus Henderson Group PLC now owns 10,691,172 shares of the company’s stock valued at $648,847,000 after purchasing an additional 65,110 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Alliant Energy by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 6,593,166 shares of the company’s stock valued at $398,880,000 after buying an additional 92,525 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in 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 worth $395,260,000 after buying an additional 512,429 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Alliant Energy by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,216,475 shares of the company’s stock worth $134,518,000 after acquiring an additional 14,225 shares in the last quarter. Finally, Johnson Investment Counsel Inc. grew its stake in Alliant Energy by 1.7% in the second quarter. Johnson Investment Counsel Inc. now owns 1,756,533 shares of the company’s stock valued at $89,408,000 after acquiring an additional 29,358 shares during the period. 79.90% of the stock is owned by institutional investors and hedge funds.

Alliant Energy Trading Down 0.3 %

Shares of NASDAQ:LNT opened at $58.34 on Friday. The company’s 50-day moving average price is $60.27 and its two-hundred day moving average price is $58.15. Alliant Energy Co. has a one year low of $46.80 and a one year high of $64.19. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72. The stock has a market capitalization of $14.97 billion, a PE ratio of 22.61, a price-to-earnings-growth ratio of 2.98 and a beta of 0.59.

Alliant Energy (NASDAQ:LNT) last released its earnings results on Thursday, October 31st. The company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.05. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. Alliant Energy had a return on equity of 10.56% and a net margin of 16.66%. Alliant Energy’s revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.05 earnings per share. On average, equities analysts forecast that Alliant Energy Co. will post 3.04 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a $0.48 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.92 annualized dividend and a dividend yield of 3.29%. Alliant Energy’s dividend payout ratio is presently 74.42%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on LNT shares. BMO Capital Markets dropped their price target on Alliant Energy from $65.00 to $61.00 and set a “market perform” rating on the stock in a research report on Monday, November 4th. Barclays cut 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 note on Wednesday, November 6th. Jefferies Financial Group initiated coverage on shares of Alliant Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $67.00 price objective for the company. Wells Fargo & Company cut their price objective 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. Finally, UBS Group increased their target price on Alliant Energy from $64.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $63.39.

Alliant Energy Company Profile

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.