Gateway Investment Advisers LLC Reduces Holdings in Alliant Energy Co. (NASDAQ:LNT)

Gateway Investment Advisers LLC lowered its stake in Alliant Energy Co. (NASDAQ:LNT) by 0.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 293,998 shares of the company’s stock after selling 1,844 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Alliant Energy were worth $17,387,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of LNT. Larson Financial Group LLC raised its holdings in shares of Alliant Energy by 7,083.3% in the third quarter. Larson Financial Group LLC now owns 431 shares of the company’s stock worth $26,000 after acquiring an additional 425 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in Alliant Energy in the 3rd quarter valued at about $28,000. Eastern Bank purchased a new position in Alliant Energy in the 3rd quarter valued at about $30,000. JNBA Financial Advisors acquired a new stake in shares of Alliant Energy during the 3rd quarter worth about $31,000. Finally, ORG Partners LLC grew its holdings in shares of Alliant Energy by 517.0% during the fourth quarter. ORG Partners LLC now owns 617 shares of the company’s stock worth $36,000 after buying an additional 517 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LNT shares. Wells Fargo & Company reduced 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 note on Monday, November 4th. Scotiabank lowered Alliant Energy from a “sector outperform” rating to a “sector perform” rating and increased their price target for the stock from $64.00 to $67.00 in a research note on Thursday, December 12th. UBS Group raised their price objective on Alliant Energy from $64.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. BMO Capital Markets dropped their target price on Alliant Energy from $65.00 to $61.00 and set a “market perform” rating for the company in a research note on Monday, November 4th. Finally, Barclays reduced their target price on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Alliant Energy has an average rating of “Hold” and an average target price of $63.39.

Alliant Energy Trading Up 2.7 %

LNT stock opened at $60.07 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. The company has a market cap of $15.41 billion, a price-to-earnings ratio of 23.28, a PEG ratio of 2.65 and a beta of 0.60. The business has a fifty day simple moving average of $60.08 and a 200-day simple moving average of $58.54. Alliant Energy Co. has a 52 week low of $46.80 and a 52 week high of $64.19.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings results on Thursday, October 31st. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.10 by $0.05. The company had revenue of $1.08 billion during 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%. The firm’s revenue was up .4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.05 earnings per share. On average, equities research analysts expect that Alliant Energy Co. will post 3.04 EPS for the current year.

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.