Alliant Energy Co. (NASDAQ:LNT) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp lessened its stake in shares of Alliant Energy Co. (NASDAQ:LNT) by 6.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,655 shares of the company’s stock after selling 1,484 shares during the period. Mackenzie Financial Corp’s holdings in Alliant Energy were worth $1,060,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LNT. Victory Capital Management Inc. lifted its stake in shares of Alliant Energy by 3.3% in the third quarter. Victory Capital Management Inc. now owns 8,689,427 shares of the company’s stock worth $421,003,000 after buying an additional 278,406 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Alliant Energy by 4.8% during the third quarter. Bank of New York Mellon Corp now owns 2,325,792 shares of the company’s stock worth $112,685,000 after buying an additional 105,723 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Alliant Energy by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,055,089 shares of the company’s stock worth $99,569,000 after buying an additional 41,291 shares during the last quarter. California Public Employees Retirement System grew its holdings in Alliant Energy by 1.1% in the 3rd quarter. California Public Employees Retirement System now owns 1,600,872 shares of the company’s stock valued at $77,562,000 after buying an additional 17,521 shares in the last quarter. Finally, Johnson Investment Counsel Inc. increased its stake in shares of Alliant Energy by 4.0% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 1,343,631 shares of the company’s stock worth $65,099,000 after acquiring an additional 52,184 shares during the last quarter. 79.90% of the stock is owned by hedge funds and other institutional investors.

Alliant Energy Trading Up 0.8 %

NASDAQ LNT opened at $50.37 on Thursday. Alliant Energy Co. has a one year low of $45.15 and a one year high of $56.26. The firm has a 50 day simple moving average of $48.84 and a 200-day simple moving average of $49.53. The firm has a market cap of $12.90 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 2.67 and a beta of 0.55. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.40 and a current ratio of 0.55.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Friday, February 16th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.07). Alliant Energy had a net margin of 17.46% and a return on equity of 10.85%. The business had revenue of $961.00 million during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the prior year, the business earned $0.46 EPS. Equities research analysts anticipate that Alliant Energy Co. will post 3.07 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend is Monday, April 29th. Alliant Energy’s dividend payout ratio is presently 69.06%.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of brokerages recently issued reports on LNT. Bank of America dropped their price objective on shares of Alliant Energy from $55.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, April 11th. BMO Capital Markets upped their price target on Alliant Energy from $51.00 to $53.00 and gave the company a “market perform” rating in a research note on Monday, April 15th. Barclays restated an “equal weight” rating and issued a $53.00 price objective (up from $50.00) on shares of Alliant Energy in a report on Tuesday, January 2nd. Finally, Scotiabank dropped their price target on shares of Alliant Energy from $57.00 to $53.00 and set a “sector outperform” rating for the company in a research report on Monday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Alliant Energy presently has a consensus rating of “Hold” and a consensus target price of $51.36.

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.