Mackenzie Financial Corp Trims Holdings in Alliant Energy Co. (NASDAQ:LNT)

Mackenzie Financial Corp cut its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 6.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm 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 SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Adage Capital Partners GP L.L.C. grew its holdings in shares of Alliant Energy by 289.7% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 976,308 shares of the company’s stock worth $47,302,000 after acquiring an additional 725,800 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Alliant Energy by 3,199.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 728,234 shares of the company’s stock valued at $35,283,000 after buying an additional 706,162 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Alliant Energy by 3.3% in the 3rd 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 during the period. Bank of Nova Scotia lifted its position in Alliant Energy by 1,001.0% during the 3rd quarter. Bank of Nova Scotia now owns 239,953 shares of the company’s stock valued at $11,626,000 after acquiring an additional 218,158 shares during the period. Finally, ING Groep NV bought a new stake in Alliant Energy during the third quarter worth about $8,659,000. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Alliant Energy

In related news, CEO Lisa M. Barton purchased 1,100 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was acquired at an average price of $48.56 per share, with a total value of $53,416.00. Following the completion of the acquisition, the chief executive officer now owns 36,444 shares of the company’s stock, valued at approximately $1,769,720.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Alliant Energy Trading Up 0.8 %

NASDAQ:LNT opened at $50.37 on Thursday. The company has a market cap of $12.90 billion, a PE ratio of 18.12, a price-to-earnings-growth ratio of 2.67 and a beta of 0.55. The company has a current ratio of 0.55, a quick ratio of 0.40 and a debt-to-equity ratio of 1.21. The company has a 50 day simple moving average of $48.84 and a two-hundred day simple moving average of $49.53. Alliant Energy Co. has a 12 month low of $45.15 and a 12 month high of $56.26.

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

Alliant Energy Announces Dividend

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

Alliant Energy 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.