Stevens Capital Management LP Lowers Position in Alliant Energy Co. (LNT)

Stevens Capital Management LP lessened its stake in Alliant Energy Co. (NYSE:LNT) by 38.5% during the third quarter, HoldingsChannel.com reports. The firm owned 103,316 shares of the utilities provider’s stock after selling 64,671 shares during the period. Stevens Capital Management LP’s holdings in Alliant Energy were worth $4,398,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Piedmont Investment Advisors LLC bought a new stake in shares of Alliant Energy in the 2nd quarter worth approximately $115,000. Twin Tree Management LP bought a new stake in Alliant Energy during the 3rd quarter valued at $118,000. Cerebellum GP LLC bought a new stake in Alliant Energy during the 3rd quarter valued at $178,000. First Heartland Consultants Inc. bought a new stake in Alliant Energy during the 2nd quarter valued at $200,000. Finally, Iberiabank Corp bought a new stake in Alliant Energy during the 3rd quarter valued at $204,000. 71.63% of the stock is currently owned by institutional investors.

A number of equities research analysts have issued reports on LNT shares. Zacks Investment Research cut shares of Alliant Energy from a “buy” rating to a “hold” rating in a report on Friday, August 10th. UBS Group boosted their target price on shares of Alliant Energy from $43.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, August 10th. Wolfe Research cut shares of Alliant Energy from a “peer perform” rating to an “underperform” rating in a report on Monday, August 13th. Wells Fargo & Co boosted their target price on shares of Alliant Energy from $45.00 to $47.00 and gave the company a “market perform” rating in a report on Monday, September 17th. Finally, Mizuho started coverage on shares of Alliant Energy in a report on Monday, October 8th. They set a “neutral” rating and a $44.00 target price on the stock. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $45.42.

Shares of LNT stock opened at $45.39 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.59 and a debt-to-equity ratio of 1.15. Alliant Energy Co. has a 1 year low of $36.84 and a 1 year high of $46.05. The firm has a market cap of $10.54 billion, a price-to-earnings ratio of 23.52, a price-to-earnings-growth ratio of 3.49 and a beta of 0.16.

Alliant Energy (NYSE:LNT) last issued its earnings results on Tuesday, November 6th. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. The business had revenue of $928.60 million for the quarter, compared to analysts’ expectations of $1.08 billion. Alliant Energy had a net margin of 15.09% and a return on equity of 11.69%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.75 EPS. As a group, sell-side analysts expect that Alliant Energy Co. will post 2.15 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st were given a dividend of $0.335 per share. The ex-dividend date of this dividend was Tuesday, October 30th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 2.95%. Alliant Energy’s dividend payout ratio (DPR) is currently 69.43%.

In other news, Director Deborah B. Dunie purchased 1,250 shares of Alliant Energy stock in a transaction dated Thursday, September 13th. The stock was purchased at an average cost of $43.80 per share, for a total transaction of $54,750.00. Following the transaction, the director now directly owns 12,300 shares of the company’s stock, valued at $538,740. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.25% of the stock is owned by insiders.

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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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Institutional Ownership by Quarter for Alliant Energy (NYSE:LNT)

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