Alliant Energy Co. (NASDAQ:LNT) Shares Sold by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV reduced its stake in shares of Alliant Energy Co. (NASDAQ:LNT) by 6.6% in the 4th quarter, HoldingsChannel reports. The firm owned 33,337 shares of the company’s stock after selling 2,361 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Alliant Energy were worth $1,985,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in Alliant Energy in the 4th quarter valued at $29,000. Larson Financial Group LLC raised its holdings in Alliant Energy by 67.5% in the 4th quarter. Larson Financial Group LLC now owns 722 shares of the company’s stock valued at $43,000 after acquiring an additional 291 shares during the last quarter. WASHINGTON TRUST Co raised its holdings in Alliant Energy by 251.2% in the 4th quarter. WASHINGTON TRUST Co now owns 878 shares of the company’s stock valued at $52,000 after acquiring an additional 628 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new position in Alliant Energy in the 4th quarter valued at $53,000. Finally, Optiver Holding B.V. raised its holdings in Alliant Energy by 382.5% in the 4th quarter. Optiver Holding B.V. now owns 912 shares of the company’s stock valued at $54,000 after acquiring an additional 723 shares during the last quarter. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Alliant Energy Stock Up 1.2%

Shares of Alliant Energy stock opened at $62.48 on Friday. The company has a fifty day moving average price of $61.67 and a 200 day moving average price of $60.87. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33. Alliant Energy Co. has a twelve month low of $49.05 and a twelve month high of $66.54. The stock has a market cap of $16.05 billion, a price-to-earnings ratio of 23.23, a price-to-earnings-growth ratio of 2.83 and a beta of 0.58.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.12. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the company earned $0.62 EPS. The firm’s revenue was up 9.4% on a year-over-year basis. Equities research analysts forecast that Alliant Energy Co. will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were given a dividend of $0.5075 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $2.03 dividend on an annualized basis and a yield of 3.25%. Alliant Energy’s dividend payout ratio (DPR) is 70.00%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. UBS Group boosted their price target on Alliant Energy from $65.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, March 21st. BMO Capital Markets lowered their price objective on shares of Alliant Energy from $66.00 to $64.00 and set a “market perform” rating for the company in a research note on Tuesday, April 22nd. Barclays cut shares of Alliant Energy from an “equal weight” rating to an “underweight” rating and boosted their price objective for the company from $59.00 to $61.00 in a research note on Tuesday, April 22nd. StockNews.com raised shares of Alliant Energy from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Guggenheim reissued a “neutral” rating and set a $57.00 price objective on shares of Alliant Energy in a research note on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Alliant Energy has a consensus rating of “Hold” and a consensus price target of $63.55.

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.