Mutual of America Capital Management LLC Decreases Stock Holdings in Alliant Energy Co. (NASDAQ:LNT)

Mutual of America Capital Management LLC lowered its position in shares of Alliant Energy Co. (NASDAQ:LNT) by 3.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 34,136 shares of the company’s stock after selling 1,222 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Alliant Energy were worth $1,751,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Great West Life Assurance Co. Can increased its stake in shares of Alliant Energy by 3.0% during the first quarter. Great West Life Assurance Co. Can now owns 117,612 shares of the company’s stock valued at $7,714,000 after buying an additional 3,451 shares during the period. Prudential PLC purchased a new position in Alliant Energy during the 1st quarter valued at $427,000. National Pension Service raised its holdings in Alliant Energy by 11,488.8% in the 1st quarter. National Pension Service now owns 371,883 shares of the company’s stock worth $23,235,000 after purchasing an additional 368,674 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Alliant Energy by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 31,030,199 shares of the company’s stock worth $1,938,766,000 after purchasing an additional 342,340 shares during the period. Finally, Covestor Ltd boosted its stake in shares of Alliant Energy by 67.2% during the 1st quarter. Covestor Ltd now owns 1,988 shares of the company’s stock valued at $124,000 after purchasing an additional 799 shares in the last quarter. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Performance

Shares of LNT opened at $49.82 on Monday. The company has a quick ratio of 0.40, a current ratio of 0.55 and a debt-to-equity ratio of 1.21. The stock has a market cap of $12.76 billion, a P/E ratio of 17.92, a P/E/G ratio of 2.66 and a beta of 0.55. The business’s 50 day moving average price is $48.71 and its 200-day moving average price is $49.50. Alliant Energy Co. has a 52 week low of $45.15 and a 52 week high of $56.26.

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

Alliant Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend is Monday, April 29th. Alliant Energy’s dividend payout ratio (DPR) is 69.06%.

Insider Buying and Selling at Alliant Energy

In other news, CEO Lisa M. Barton bought 1,100 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were purchased at an average price of $48.56 per share, for a total transaction of $53,416.00. Following the completion of the purchase, the chief executive officer now owns 36,444 shares in the company, valued at approximately $1,769,720.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.31% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LNT. Barclays reissued an “equal weight” rating and issued a $53.00 price target (up from $50.00) on shares of Alliant Energy in a research note on Tuesday, January 2nd. BMO Capital Markets raised their target price on Alliant Energy from $51.00 to $53.00 and gave the company a “market perform” rating in a research note on Monday, April 15th. Finally, Bank of America reduced their price target on Alliant Energy from $55.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $52.21.

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.