Chevy Chase Trust Holdings LLC Decreases Stock Holdings in Alliant Energy Co. (NASDAQ:LNT)

Chevy Chase Trust Holdings LLC reduced its position in shares of Alliant Energy Co. (NASDAQ:LNT) by 0.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 138,726 shares of the company’s stock after selling 1,267 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Alliant Energy were worth $8,419,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Massmutual Trust Co. FSB ADV lifted its holdings in Alliant Energy by 7.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,605 shares of the company’s stock worth $158,000 after buying an additional 174 shares during the period. Empirical Finance LLC boosted its holdings in Alliant Energy by 2.2% in the third quarter. Empirical Finance LLC now owns 8,637 shares of the company’s stock valued at $524,000 after acquiring an additional 189 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in Alliant Energy by 0.9% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 21,979 shares of the company’s stock valued at $1,119,000 after purchasing an additional 200 shares during the period. Retirement Systems of Alabama raised its holdings in Alliant Energy by 0.4% in the 2nd quarter. Retirement Systems of Alabama now owns 56,557 shares of the company’s stock worth $2,879,000 after purchasing an additional 236 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in shares of Alliant Energy by 0.3% in the 2nd quarter. Arizona State Retirement System now owns 70,426 shares of the company’s stock worth $3,585,000 after purchasing an additional 239 shares during the period. 79.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on LNT shares. Bank of America boosted their price target on shares of Alliant Energy from $62.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Scotiabank raised their target price on Alliant Energy from $58.00 to $64.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. BMO Capital Markets reduced their price target on 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. UBS Group raised their price objective on Alliant Energy from $64.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Finally, LADENBURG THALM/SH SH raised shares of Alliant Energy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $50.00 to $62.50 in a research report on Tuesday, August 13th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $63.06.

Alliant Energy Trading Down 0.4 %

NASDAQ LNT opened at $61.54 on Friday. The stock’s fifty day moving average price is $60.76 and its 200-day moving average price is $56.77. 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 stock has a market cap of $15.79 billion, a P/E ratio of 23.85, a P/E/G ratio of 3.06 and a beta of 0.59. Alliant Energy Co. has a 12 month low of $46.80 and a 12 month high of $64.19.

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

Alliant Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a $0.48 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.92 annualized dividend and a yield of 3.12%. Alliant Energy’s dividend payout ratio (DPR) is presently 74.42%.

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.