Alliant Energy Co. (NASDAQ:LNT) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System reduced its holdings in Alliant Energy Co. (NASDAQ:LNT) by 2.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,500 shares of the company’s stock after selling 400 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Alliant Energy were worth $738,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Gables Capital Management Inc. grew its position in Alliant Energy by 68.4% during the fourth quarter. Gables Capital Management Inc. now owns 522 shares of the company’s stock valued at $27,000 after acquiring an additional 212 shares during the period. Scarborough Advisors LLC purchased a new stake in Alliant Energy during the fourth quarter valued at about $28,000. Christopher J. Hasenberg Inc purchased a new stake in Alliant Energy during the first quarter valued at about $32,000. EverSource Wealth Advisors LLC grew its position in Alliant Energy by 252.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 662 shares of the company’s stock valued at $34,000 after acquiring an additional 474 shares during the period. Finally, McIlrath & Eck LLC grew its position in Alliant Energy by 206.2% during the fourth quarter. McIlrath & Eck LLC now owns 995 shares of the company’s stock valued at $51,000 after acquiring an additional 670 shares during the period. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on LNT. Scotiabank boosted their price target on Alliant Energy from $58.00 to $64.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. BMO Capital Markets upped their target price on Alliant Energy from $58.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 6th. Wells Fargo & Company upped their target price on Alliant Energy from $56.00 to $62.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Bank of America upped their target price on Alliant Energy from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, LADENBURG THALM/SH SH raised Alliant Energy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $50.00 to $62.50 in a research report on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Alliant Energy currently has an average rating of “Hold” and an average price target of $58.50.

Alliant Energy Trading Up 0.3 %

Shares of LNT opened at $57.95 on Friday. The company has a market capitalization of $14.86 billion, a P/E ratio of 21.07, a P/E/G ratio of 2.78 and a beta of 0.56. Alliant Energy Co. has a one year low of $45.15 and a one year high of $58.69. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.48 and a current ratio of 0.65. The stock has a 50-day moving average price of $54.74 and a 200 day moving average price of $51.38.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.07). The business had revenue of $894.00 million during the quarter, compared to analysts’ expectations of $897.03 million. Alliant Energy had a net margin of 15.77% and a return on equity of 10.23%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.64 EPS. Sell-side analysts forecast that Alliant Energy Co. will post 3.07 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.31%. The ex-dividend date was Wednesday, July 31st. Alliant Energy’s payout ratio is currently 69.82%.

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.