Alaska Permanent Fund Corp Sells 491 Shares of Alliant Energy Co. (NASDAQ:LNT)

Alaska Permanent Fund Corp trimmed its position in Alliant Energy Co. (NASDAQ:LNT) by 8.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,027 shares of the company’s stock after selling 491 shares during the quarter. Alaska Permanent Fund Corp’s holdings in Alliant Energy were worth $258,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. NBC Securities Inc. acquired a new position in shares of Alliant Energy in the 3rd quarter worth approximately $2,977,000. Fifth Third Bancorp raised its stake in Alliant Energy by 9.5% during the third quarter. Fifth Third Bancorp now owns 33,941 shares of the company’s stock worth $1,644,000 after acquiring an additional 2,947 shares in the last quarter. Duality Advisers LP bought a new position in shares of Alliant Energy during the fourth quarter valued at $2,656,000. Everence Capital Management Inc. boosted its stake in shares of Alliant Energy by 239.1% in the 4th quarter. Everence Capital Management Inc. now owns 25,260 shares of the company’s stock valued at $1,296,000 after purchasing an additional 17,810 shares in the last quarter. Finally, Metis Global Partners LLC boosted its stake in shares of Alliant Energy by 21.4% in the 3rd quarter. Metis Global Partners LLC now owns 9,178 shares of the company’s stock valued at $445,000 after purchasing an additional 1,616 shares in the last quarter. 79.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LNT has been the subject of several analyst reports. Barclays reissued an “equal weight” rating and set a $53.00 price target (up from $50.00) on shares of Alliant Energy in a report on Tuesday, January 2nd. Scotiabank decreased their price target on Alliant Energy from $57.00 to $53.00 and set a “sector outperform” rating on the stock in a research report on Monday, April 22nd. BMO Capital Markets raised their price target on Alliant Energy from $51.00 to $53.00 and gave the company a “market perform” rating in a report on Monday, April 15th. Finally, Bank of America reduced their price objective on Alliant Energy from $55.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $51.36.

Alliant Energy Stock Down 1.3 %

Shares of LNT opened at $49.59 on Friday. The business’s fifty day moving average price is $48.90 and its two-hundred day moving average price is $49.54. The firm has a market capitalization of $12.70 billion, a price-to-earnings ratio of 17.84, a PEG ratio of 2.68 and a beta of 0.55. Alliant Energy Co. has a 52 week low of $45.15 and a 52 week high of $56.26. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.40 and a current ratio of 0.55.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings results on Friday, February 16th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.07). Alliant Energy had a net margin of 17.46% and a return on equity of 10.85%. The firm had revenue of $961.00 million during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the business earned $0.46 EPS. On average, analysts predict that Alliant Energy Co. will post 3.07 earnings per share for the current year.

Alliant Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a $0.48 dividend. The ex-dividend date is Monday, April 29th. This represents a $1.92 annualized dividend and a yield of 3.87%. Alliant Energy’s dividend payout ratio is currently 69.06%.

Insider Buying and Selling at Alliant Energy

In related news, CEO Lisa M. Barton acquired 1,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was acquired at an average cost of $48.56 per share, with a total value of $53,416.00. Following the completion of the purchase, the chief executive officer now directly owns 36,444 shares in the company, valued at $1,769,720.64. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.31% of the company’s stock.

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.