Gulf International Bank UK Ltd lowered its holdings in Alliant Energy Co. (NYSE:LNT) by 16.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,425 shares of the utilities provider’s stock after selling 11,478 shares during the period. Gulf International Bank UK Ltd’s holdings in Alliant Energy were worth $2,426,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its position in shares of Alliant Energy by 1.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 616,033 shares of the utilities provider’s stock valued at $26,071,000 after acquiring an additional 6,778 shares during the period. FMR LLC grew its position in shares of Alliant Energy by 0.3% in the 2nd quarter. FMR LLC now owns 4,488,080 shares of the utilities provider’s stock valued at $189,935,000 after acquiring an additional 13,288 shares during the period. Korea Investment CORP grew its position in shares of Alliant Energy by 331.6% in the 2nd quarter. Korea Investment CORP now owns 45,815 shares of the utilities provider’s stock valued at $1,939,000 after acquiring an additional 35,200 shares during the period. Raymond James & Associates grew its position in shares of Alliant Energy by 16.3% in the 2nd quarter. Raymond James & Associates now owns 404,597 shares of the utilities provider’s stock valued at $17,123,000 after acquiring an additional 56,607 shares during the period. Finally, First Republic Investment Management Inc. bought a new position in shares of Alliant Energy in the 2nd quarter valued at about $219,000. 71.12% of the stock is owned by institutional investors and hedge funds.
NYSE LNT opened at $41.96 on Monday. The company has a quick ratio of 0.59, a current ratio of 0.73 and a debt-to-equity ratio of 1.15. The stock has a market cap of $9.93 billion, a PE ratio of 21.74, a P/E/G ratio of 3.28 and a beta of 0.18. Alliant Energy Co. has a 52-week low of $36.84 and a 52-week high of $46.58.
Alliant Energy (NYSE:LNT) last posted its earnings results on Tuesday, November 6th. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. The company had revenue of $928.60 million during 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%. Alliant Energy’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.75 EPS. As a group, equities research analysts expect that Alliant Energy Co. will post 2.15 earnings per share for the current year.
LNT has been the subject of a number of analyst reports. Argus lifted their price objective on shares of Alliant Energy from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Tuesday, December 18th. Wells Fargo & Co raised their target price on shares of Alliant Energy from $45.00 to $47.00 and gave the stock a “market perform” rating in a research note on Monday, September 17th. Mizuho started coverage on shares of Alliant Energy in a research note on Monday, October 8th. They set a “neutral” rating and a $44.00 target price for the company. Bank of America cut shares of Alliant Energy from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 21st. Finally, ValuEngine cut shares of Alliant Energy from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $46.42.
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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.
Further Reading: Systematic Risk
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