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

Nissay Asset Management Corp Japan ADV cut its holdings in Alliant Energy Co. (NASDAQ:LNT) by 6.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,337 shares of the company’s stock after selling 2,361 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Alliant Energy were worth $1,985,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in shares of Alliant Energy during the fourth quarter worth about $29,000. Larson Financial Group LLC grew its holdings 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 during the last quarter. WASHINGTON TRUST Co grew its holdings in shares of Alliant Energy by 251.2% during the fourth quarter. WASHINGTON TRUST Co now owns 878 shares of the company’s stock worth $52,000 after purchasing an additional 628 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new position in shares of Alliant Energy during the fourth quarter worth about $53,000. Finally, Optiver Holding B.V. grew its holdings in shares of Alliant Energy by 382.5% during the fourth quarter. Optiver Holding B.V. now owns 912 shares of the company’s stock worth $54,000 after purchasing an additional 723 shares during the last quarter. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Alliant Energy Price Performance

Shares of LNT opened at $62.48 on Friday. Alliant Energy Co. has a twelve month low of $49.05 and a twelve month high of $66.54. The stock’s 50 day moving average is $61.67 and its two-hundred day moving average is $60.87. The firm has a market capitalization of $16.05 billion, a PE ratio of 23.23, a P/E/G ratio of 2.83 and a beta of 0.58. 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 (NASDAQ:LNT) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.83 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the firm earned $0.62 EPS. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. Research analysts anticipate that Alliant Energy Co. will post 3.23 earnings per share for the current year.

Alliant Energy Dividend Announcement

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

Analyst Ratings Changes

A number of research firms recently issued reports on LNT. UBS Group raised their price target on Alliant Energy from $65.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. BMO Capital Markets lowered their price target on Alliant Energy from $66.00 to $64.00 and set a “market perform” rating on the stock in a report on Tuesday, April 22nd. StockNews.com raised Alliant Energy from a “sell” rating to a “hold” rating in a report on Thursday. Barclays lowered Alliant Energy from an “equal weight” rating to an “underweight” rating and raised their price target for the stock from $59.00 to $61.00 in a report on Tuesday, April 22nd. Finally, Guggenheim reissued a “neutral” rating and set a $57.00 price target on shares of Alliant Energy in a report on Monday, February 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Alliant Energy currently has an average rating of “Hold” and an average target price of $63.55.

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.