MetLife Investment Management LLC Has $4.05 Million Holdings in Alliant Energy Co. (NASDAQ:LNT)

MetLife Investment Management LLC decreased its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 2.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 66,688 shares of the company’s stock after selling 1,689 shares during the period. MetLife Investment Management LLC’s holdings in Alliant Energy were worth $4,047,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Point72 Asset Management L.P. bought a new stake in Alliant Energy in the second quarter valued at about $42,367,000. Eagle Ridge Investment Management acquired a new position in shares of Alliant Energy during the 2nd quarter worth about $26,804,000. Massachusetts Financial Services Co. MA increased its stake in shares of Alliant Energy by 8.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,512,770 shares of the company’s stock valued at $395,260,000 after acquiring an additional 512,429 shares during the last quarter. Millennium Management LLC raised its position in shares of Alliant Energy by 2,141.3% in the 2nd quarter. Millennium Management LLC now owns 180,402 shares of the company’s stock valued at $9,182,000 after acquiring an additional 172,353 shares during the period. Finally, Cetera Investment Advisers boosted its stake in Alliant Energy by 200.8% during the 1st quarter. Cetera Investment Advisers now owns 215,821 shares of the company’s stock worth $10,877,000 after acquiring an additional 144,077 shares during the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Stock Performance

Shares of Alliant Energy stock opened at $62.28 on Tuesday. 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 firm has a market cap of $15.98 billion, a price-to-earnings ratio of 24.15, a price-to-earnings-growth ratio of 3.13 and a beta of 0.59. The stock’s 50-day moving average is $60.62 and its 200-day moving average is $56.56. Alliant Energy Co. has a one year low of $46.80 and a one year high of $64.19.

Alliant Energy (NASDAQ:LNT) last released its earnings results on Thursday, October 31st. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.10 by $0.05. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Alliant Energy had a return on equity of 10.56% and a net margin of 16.66%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.05 EPS. Equities analysts predict that Alliant Energy Co. will post 3.04 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date was Thursday, October 31st. Alliant Energy’s dividend payout ratio (DPR) is currently 74.42%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on LNT shares. Mizuho upped their target price on shares of Alliant Energy from $52.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, October 4th. UBS Group upped their price objective on shares of Alliant Energy from $64.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Bank of America lifted their target price on Alliant Energy from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. LADENBURG THALM/SH SH upgraded Alliant Energy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $50.00 to $62.50 in a report on Tuesday, August 13th. Finally, Scotiabank lifted their price objective on Alliant Energy from $58.00 to $64.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Alliant Energy presently has a consensus rating of “Hold” and an average price target of $63.06.

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.