The Manufacturers Life Insurance Company Lowers Position in Alliant Energy Co. (NASDAQ:LNT)

The Manufacturers Life Insurance Company decreased its stake in Alliant Energy Co. (NASDAQ:LNT) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 474,949 shares of the company’s stock after selling 23,710 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Alliant Energy were worth $28,088,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. SBI Securities Co. Ltd. bought a new position in Alliant Energy in the 4th quarter worth $29,000. ORG Partners LLC boosted its stake in shares of Alliant Energy by 517.0% in the fourth quarter. ORG Partners LLC now owns 617 shares of the company’s stock worth $36,000 after acquiring an additional 517 shares during the period. Larson Financial Group LLC grew its position in shares of Alliant Energy by 67.5% during the fourth quarter. Larson Financial Group LLC now owns 722 shares of the company’s stock worth $43,000 after purchasing an additional 291 shares in the last quarter. WASHINGTON TRUST Co raised its stake in Alliant Energy by 251.2% during the 4th quarter. WASHINGTON TRUST Co now owns 878 shares of the company’s stock valued at $52,000 after purchasing an additional 628 shares during the period. Finally, Newbridge Financial Services Group Inc. purchased a new position in Alliant Energy in the 4th quarter worth approximately $53,000. Institutional investors own 79.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LNT. BMO Capital Markets cut 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 report on Tuesday, April 22nd. Barclays downgraded shares of Alliant Energy from an “equal weight” rating to an “underweight” rating and lifted their price target for the company from $59.00 to $61.00 in a report on Tuesday, April 22nd. UBS Group increased their price objective on shares of Alliant Energy from $65.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Finally, Guggenheim reaffirmed a “neutral” rating and issued a $57.00 target price on shares of Alliant Energy in a report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Alliant Energy presently has a consensus rating of “Hold” and an average target price of $63.55.

Alliant Energy Trading Down 0.8 %

Shares of NASDAQ LNT opened at $60.55 on Friday. Alliant Energy Co. has a 1-year low of $49.05 and a 1-year high of $66.54. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72. The business’s 50 day moving average is $62.22 and its two-hundred day moving average is $60.88. The stock has a market capitalization of $15.55 billion, a P/E ratio of 22.51, a PEG ratio of 2.83 and a beta of 0.52.

Alliant Energy (NASDAQ:LNT) last released its earnings results on Thursday, February 20th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.02. The firm had revenue of $976.00 million for the quarter, compared to the consensus estimate of $1.14 billion. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. As a group, research analysts expect that Alliant Energy Co. will post 3.23 EPS for the current year.

Alliant Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be issued a $0.5075 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $2.03 annualized dividend and a dividend yield of 3.35%. Alliant Energy’s dividend payout ratio (DPR) is presently 75.46%.

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.