New York Life Investment Management LLC Has $1.90 Million Stock Position in Alliant Energy Co. (NASDAQ:LNT)

New York Life Investment Management LLC cut its position in shares of Alliant Energy Co. (NASDAQ:LNT) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,052 shares of the company’s stock after selling 546 shares during the period. New York Life Investment Management LLC’s holdings in Alliant Energy were worth $1,901,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wetzel Investment Advisors Inc. bought a new stake in shares of Alliant Energy in the 4th quarter valued at approximately $26,000. McGlone Suttner Wealth Management Inc. acquired a new position in Alliant Energy during the fourth quarter worth $38,000. Authentikos Wealth Advisory LLC bought a new position in shares of Alliant Energy during the third quarter valued at $42,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Alliant Energy in the 4th quarter valued at $43,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Alliant Energy in the 3rd quarter worth about $45,000. 79.90% of the stock is owned by institutional investors.

Insider Buying and Selling

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

Alliant Energy Price Performance

Alliant Energy stock opened at $50.50 on Tuesday. The firm has a market capitalization of $12.93 billion, a P/E ratio of 18.36, a PEG ratio of 2.71 and a beta of 0.54. The business has a 50-day moving average of $49.07 and a 200-day moving average of $49.56. The company has a current ratio of 0.56, a quick ratio of 0.40 and a debt-to-equity ratio of 1.25. Alliant Energy Co. has a 1 year low of $45.15 and a 1 year high of $56.26.

Alliant Energy (NASDAQ:LNT) last posted its earnings results on Friday, May 3rd. The company reported $0.62 earnings per share for the quarter, hitting the consensus estimate of $0.62. Alliant Energy had a net margin of 17.53% and a return on equity of 10.57%. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the business posted $0.65 earnings per share. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. On average, equities analysts anticipate that Alliant Energy Co. will post 3.08 EPS for the current year.

Alliant Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Monday, April 29th. Alliant Energy’s dividend payout ratio (DPR) is presently 69.82%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on LNT shares. BMO Capital Markets boosted their price target on shares of Alliant Energy from $51.00 to $53.00 and gave the company a “market perform” rating in a research report on Monday, April 15th. LADENBURG THALM/SH SH cut their price objective on Alliant Energy from $48.50 to $48.00 and set a “neutral” rating for the company in a research report on Monday, April 29th. Bank of America lowered their target price on Alliant Energy from $55.00 to $54.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. Scotiabank decreased 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 report on Monday, April 22nd. Finally, Wells Fargo & Company upped their target price on shares of Alliant Energy from $55.00 to $56.00 and gave the stock an “overweight” rating in a research report on Monday. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $51.38.

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.