Teachers Retirement System of The State of Kentucky Sells 577 Shares of Alliant Energy Co. (NASDAQ:LNT)

Teachers Retirement System of The State of Kentucky decreased its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 2.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,202 shares of the company’s stock after selling 577 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Alliant Energy were worth $1,028,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Scarborough Advisors LLC acquired a new position in shares of Alliant Energy during the 4th quarter worth approximately $28,000. Kimelman & Baird LLC bought a new position in shares of Alliant Energy in the second quarter valued at $41,000. Ashton Thomas Private Wealth LLC acquired a new position in Alliant Energy during the second quarter worth $43,000. MRP Capital Investments LLC acquired a new stake in Alliant Energy in the second quarter valued at $56,000. Finally, Creekmur Asset Management LLC bought a new position in shares of Alliant Energy in the 4th quarter valued at about $65,000. Institutional investors own 79.90% of the company’s stock.

Analyst Ratings Changes

LNT has been the subject of several recent analyst reports. Mizuho raised their target price on shares of Alliant Energy from $52.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday. BMO Capital Markets raised their price objective on Alliant Energy from $58.00 to $60.00 and gave the company a “market perform” rating in a research report on Tuesday, August 6th. Bank of America boosted their target price on Alliant Energy from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Barclays increased their price target on Alliant Energy from $52.00 to $55.00 and gave the company an “equal weight” rating in a research note on Thursday, July 11th. Finally, Scotiabank lifted their price objective on shares of Alliant Energy from $58.00 to $64.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Alliant Energy has an average rating of “Hold” and an average price target of $60.25.

Alliant Energy Stock Down 0.6 %

LNT opened at $60.19 on Friday. 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 fifty day moving average of $58.33 and a 200-day moving average of $53.42. Alliant Energy Co. has a fifty-two week low of $46.73 and a fifty-two week high of $61.09. The company has a market capitalization of $15.43 billion, a P/E ratio of 21.89, a P/E/G ratio of 2.90 and a beta of 0.58.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.07). Alliant Energy had a net margin of 15.77% and a return on equity of 10.23%. The business had revenue of $894.00 million during the quarter, compared to the consensus estimate of $897.03 million. During the same period in the prior year, the firm earned $0.64 EPS. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, equities analysts expect that Alliant Energy Co. will post 3.05 EPS for the current year.

Alliant Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were issued a $0.48 dividend. The ex-dividend date was Wednesday, July 31st. This represents a $1.92 annualized dividend and a yield of 3.19%. Alliant Energy’s dividend payout ratio is presently 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.