Neuberger Berman Group LLC Sells 47,239 Shares of Alliant Energy Co. (NYSE:LNT)

Neuberger Berman Group LLC lowered its holdings in Alliant Energy Co. (NYSE:LNT) by 5.6% in the first quarter, HoldingsChannel.com reports. The firm owned 794,523 shares of the utilities provider’s stock after selling 47,239 shares during the quarter. Neuberger Berman Group LLC’s holdings in Alliant Energy were worth $37,446,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Synovus Financial Corp lifted its holdings in shares of Alliant Energy by 2.3% during the 4th quarter. Synovus Financial Corp now owns 10,230 shares of the utilities provider’s stock worth $433,000 after acquiring an additional 230 shares during the period. HL Financial Services LLC lifted its holdings in shares of Alliant Energy by 2.8% during the 4th quarter. HL Financial Services LLC now owns 9,383 shares of the utilities provider’s stock worth $396,000 after acquiring an additional 260 shares during the period. BOKF NA lifted its holdings in shares of Alliant Energy by 1.8% during the 4th quarter. BOKF NA now owns 16,182 shares of the utilities provider’s stock worth $684,000 after acquiring an additional 287 shares during the period. Utah Retirement Systems lifted its holdings in shares of Alliant Energy by 0.7% during the 4th quarter. Utah Retirement Systems now owns 43,290 shares of the utilities provider’s stock worth $1,830,000 after acquiring an additional 300 shares during the period. Finally, Amalgamated Bank lifted its holdings in shares of Alliant Energy by 0.7% during the 4th quarter. Amalgamated Bank now owns 47,222 shares of the utilities provider’s stock worth $1,995,000 after acquiring an additional 325 shares during the period. 71.12% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:LNT opened at $49.23 on Friday. The company has a market capitalization of $11.70 billion, a P/E ratio of 25.51, a P/E/G ratio of 3.28 and a beta of 0.18. The company has a quick ratio of 0.59, a current ratio of 0.73 and a debt-to-equity ratio of 1.15. Alliant Energy Co. has a one year low of $39.18 and a one year high of $49.94.

Alliant Energy (NYSE:LNT) last issued its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.02. The business had revenue of $987.20 million during the quarter, compared to the consensus estimate of $903.85 million. Alliant Energy had a net margin of 15.09% and a return on equity of 11.69%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.52 EPS. On average, research analysts forecast that Alliant Energy Co. will post 2.15 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were paid a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend was Monday, April 29th. Alliant Energy’s payout ratio is 73.58%.

In related news, Chairman Patricia L. Kampling sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $46.98, for a total value of $469,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP James H. Gallegos sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $47.50, for a total transaction of $237,500.00. The disclosure for this sale can be found here. In the last three months, insiders sold 25,000 shares of company stock valued at $1,182,800. 0.25% of the stock is owned by insiders.

A number of brokerages have recently weighed in on LNT. Argus reaffirmed a “buy” rating and set a $52.00 price target on shares of Alliant Energy in a report on Wednesday, June 5th. Zacks Investment Research downgraded shares of Alliant Energy from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. Finally, Wells Fargo & Co upped their price target on shares of Alliant Energy from $49.00 to $52.00 and gave the stock an “outperform” rating in a report on Monday, February 25th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $47.31.

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

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