Epoch Investment Partners Inc. Sells 19,134 Shares of Alliant Energy Co. (LNT)
Epoch Investment Partners Inc. decreased its holdings in Alliant Energy Co. (NYSE:LNT) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 297,483 shares of the utilities provider’s stock after selling 19,134 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Alliant Energy were worth $12,569,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc grew its holdings in shares of Alliant Energy by 3.3% in the 3rd quarter. Vanguard Group Inc now owns 25,799,199 shares of the utilities provider’s stock worth $1,098,272,000 after purchasing an additional 833,075 shares during the last quarter. Standard Life Aberdeen plc grew its holdings in shares of Alliant Energy by 9.1% in the 3rd quarter. Standard Life Aberdeen plc now owns 88,593 shares of the utilities provider’s stock worth $3,772,000 after purchasing an additional 7,365 shares during the last quarter. WEALTHFRONT Corp grew its holdings in shares of Alliant Energy by 7.9% in the 3rd quarter. WEALTHFRONT Corp now owns 19,785 shares of the utilities provider’s stock worth $842,000 after purchasing an additional 1,452 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in Alliant Energy during the 3rd quarter worth about $8,889,000. Finally, Verition Fund Management LLC bought a new stake in Alliant Energy during the 3rd quarter worth about $3,458,000. Institutional investors own 71.12% of the company’s stock.
A number of brokerages have commented on LNT. Wells Fargo & Co increased their price objective on shares of Alliant Energy from $47.00 to $49.00 and gave the stock an “outperform” rating in a report on Wednesday, January 30th. Barclays began coverage on shares of Alliant Energy in a report on Friday, January 18th. They set an “equal weight” rating and a $45.00 price objective on the stock. Bank of America lowered shares of Alliant Energy from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 21st. ValuEngine raised shares of Alliant Energy from a “hold” rating to a “buy” rating in a report on Wednesday, November 21st. Finally, Zacks Investment Research raised shares of Alliant Energy from a “sell” rating to a “hold” rating in a report on Wednesday, January 16th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $46.44.
Alliant Energy (NYSE:LNT) last issued its quarterly earnings data on Thursday, February 21st. The utilities provider reported $0.36 EPS for the quarter, hitting analysts’ consensus estimates of $0.36. Alliant Energy had a net margin of 15.09% and a return on equity of 11.69%. The firm had revenue of $873.50 million for the quarter. During the same period in the prior year, the company earned $0.33 EPS. Analysts expect that Alliant Energy Co. will post 2.15 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 15th. Stockholders of record on Thursday, January 31st were paid a $0.355 dividend. This represents a $1.42 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend was Wednesday, January 30th. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.34. Alliant Energy’s dividend payout ratio (DPR) is 73.58%.
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Alliant Energy Profile
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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