Teachers Retirement System of The State of Kentucky Has $1.11 Million Stock Position in Alliant Energy Co. (NASDAQ:LNT)

Teachers Retirement System of The State of Kentucky lessened its position in shares of Alliant Energy Co. (NASDAQ:LNT) by 3.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,697 shares of the company’s stock after selling 892 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Alliant Energy were worth $1,113,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of LNT. Wetzel Investment Advisors Inc. acquired a new stake in Alliant Energy during the fourth quarter worth $26,000. Gables Capital Management Inc. lifted its holdings in shares of Alliant Energy by 68.4% during the 4th quarter. Gables Capital Management Inc. now owns 522 shares of the company’s stock worth $27,000 after acquiring an additional 212 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Alliant Energy by 252.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 662 shares of the company’s stock valued at $34,000 after acquiring an additional 474 shares in the last quarter. McGlone Suttner Wealth Management Inc. bought a new stake in Alliant Energy in the fourth quarter valued at about $38,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Alliant Energy in the fourth quarter worth about $43,000. 79.90% of the stock is currently owned by institutional investors.

Alliant Energy Stock Down 0.1 %

Shares of NASDAQ:LNT opened at $50.95 on Monday. The company has a quick ratio of 0.40, a current ratio of 0.56 and a debt-to-equity ratio of 1.25. The firm has a market cap of $13.06 billion, a P/E ratio of 18.53, a P/E/G ratio of 2.72 and a beta of 0.57. Alliant Energy Co. has a 12 month low of $45.15 and a 12 month high of $56.26. The company’s 50-day moving average price is $50.40 and its two-hundred day moving average price is $49.84.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Friday, May 3rd. The company reported $0.62 EPS for the quarter, meeting the consensus estimate of $0.62. Alliant Energy had a net margin of 17.53% and a return on equity of 10.57%. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the firm earned $0.65 earnings per share. Alliant Energy’s revenue was down 4.3% compared to the same quarter last year. As a group, research analysts forecast that Alliant Energy Co. will post 3.08 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend was Monday, April 29th. Alliant Energy’s dividend payout ratio (DPR) is presently 69.82%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on LNT shares. LADENBURG THALM/SH SH lowered their price objective on Alliant Energy from $48.50 to $48.00 and set a “neutral” rating on the stock in a research note on Monday, April 29th. Wells Fargo & Company increased their price objective on Alliant Energy from $55.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, May 6th. BMO Capital Markets boosted their target price on shares of Alliant Energy from $51.00 to $53.00 and gave the company a “market perform” rating in a research note on Monday, April 15th. Bank of America lowered their target price on shares of Alliant Energy from $55.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. Finally, Scotiabank cut their price target on shares of Alliant Energy from $57.00 to $53.00 and set a “sector outperform” rating for the company in a report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $51.38.

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.