Alliant Energy Co. (NASDAQ:LNT) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its stake in Alliant Energy Co. (NASDAQ:LNT) by 2.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,582 shares of the company’s stock after selling 748 shares during the period. Mutual of America Capital Management LLC’s holdings in Alliant Energy were worth $1,917,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Johnson Investment Counsel Inc. boosted its holdings in shares of Alliant Energy by 1.7% during the second quarter. Johnson Investment Counsel Inc. now owns 1,756,533 shares of the company’s stock valued at $89,408,000 after acquiring an additional 29,358 shares during the period. Dimensional Fund Advisors LP grew its position in Alliant Energy by 9.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,293,966 shares of the company’s stock worth $65,865,000 after purchasing an additional 116,399 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Alliant Energy by 9.4% in the third quarter. Principal Financial Group Inc. now owns 1,183,765 shares of the company’s stock valued at $71,839,000 after purchasing an additional 101,387 shares during the period. Anchor Capital Advisors LLC raised its holdings in shares of Alliant Energy by 6.0% during the second quarter. Anchor Capital Advisors LLC now owns 964,337 shares of the company’s stock valued at $49,085,000 after buying an additional 54,510 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in shares of Alliant Energy during the second quarter worth approximately $42,367,000. Institutional investors and hedge funds own 79.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LNT. LADENBURG THALM/SH SH upgraded Alliant Energy from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $50.00 to $62.50 in a research report on Tuesday, August 13th. Wells Fargo & Company decreased their target price on shares of Alliant Energy from $66.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Scotiabank upped their price target on shares of Alliant Energy from $58.00 to $64.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. BMO Capital Markets lowered their price objective on shares of Alliant Energy from $65.00 to $61.00 and set a “market perform” rating on the stock in a research note on Monday, November 4th. Finally, Mizuho upped their target price on Alliant Energy from $52.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, October 4th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $63.06.

Alliant Energy Stock Performance

LNT opened at $63.32 on Monday. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. Alliant Energy Co. has a fifty-two week low of $46.80 and a fifty-two week high of $63.63. The firm has a market cap of $16.25 billion, a PE ratio of 24.54, a P/E/G ratio of 3.13 and a beta of 0.58. The business has a fifty day simple moving average of $60.29 and a 200-day simple moving average of $56.14.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.05. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.08 billion. Alliant Energy had a return on equity of 10.56% and a net margin of 16.66%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same period last year, the company posted $1.05 EPS. As a group, equities analysts predict that Alliant Energy Co. will post 3.04 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend was Thursday, October 31st. Alliant Energy’s payout ratio is presently 74.42%.

About Alliant Energy

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.