Louisiana State Employees Retirement System Sells 600 Shares of Alliant Energy Co. (NASDAQ:LNT)

Louisiana State Employees Retirement System decreased its position in Alliant Energy Co. (NASDAQ:LNT) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,800 shares of the company’s stock after selling 600 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Alliant Energy were worth $816,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Janus Henderson Group PLC lifted its holdings in Alliant Energy by 0.6% in the 3rd quarter. Janus Henderson Group PLC now owns 10,691,172 shares of the company’s stock worth $648,847,000 after purchasing an additional 65,110 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Alliant Energy by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 6,593,166 shares of the company’s stock worth $398,880,000 after purchasing an additional 92,525 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Alliant Energy by 8.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,512,770 shares of the company’s stock worth $395,260,000 after purchasing an additional 512,429 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Alliant Energy by 0.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,216,475 shares of the company’s stock worth $134,518,000 after purchasing an additional 14,225 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in Alliant Energy by 92.7% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,604,272 shares of the company’s stock worth $97,363,000 after purchasing an additional 771,919 shares during the last quarter. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Performance

Shares of NASDAQ LNT opened at $61.67 on Wednesday. The business has a fifty day simple moving average of $59.34 and a 200 day simple moving average of $59.57. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $15.82 billion, a price-to-earnings ratio of 23.90, a PEG ratio of 2.73 and a beta of 0.60. Alliant Energy Co. has a one year low of $46.80 and a one year high of $64.19.

Alliant Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 31st were paid a $0.5075 dividend. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.29%. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.48. The ex-dividend date was Friday, January 31st. Alliant Energy’s dividend payout ratio is presently 78.68%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Scotiabank lowered Alliant Energy from a “sector outperform” rating to a “sector perform” rating and boosted their target price for the stock from $64.00 to $67.00 in a report on Thursday, December 12th. Barclays cut their price target on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. BMO Capital Markets cut their price target on Alliant Energy from $65.00 to $61.00 and set a “market perform” rating for the company in a report on Monday, November 4th. Finally, Wells Fargo & Company cut their price target on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $63.39.

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.