Nisa Investment Advisors LLC Has $11.86 Million Stock Position in Alliant Energy Co. (NASDAQ:LNT)

Nisa Investment Advisors LLC lessened its position in shares of Alliant Energy Co. (NASDAQ:LNT) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 200,545 shares of the company’s stock after selling 2,625 shares during the quarter. Nisa Investment Advisors LLC owned about 0.08% of Alliant Energy worth $11,860,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV boosted its position in shares of 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 purchasing an additional 174 shares during the last quarter. RDA Financial Network boosted its holdings in Alliant Energy by 2.4% during the fourth quarter. RDA Financial Network now owns 7,990 shares of the company’s stock worth $473,000 after buying an additional 184 shares during the last quarter. Empirical Finance LLC increased its stake in shares of Alliant Energy by 2.2% in the 3rd quarter. Empirical Finance LLC now owns 8,637 shares of the company’s stock valued at $524,000 after acquiring an additional 189 shares during the last quarter. Centennial Wealth Advisory LLC raised its position in shares of Alliant Energy by 4.0% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 6,433 shares of the company’s stock valued at $390,000 after acquiring an additional 250 shares during the period. Finally, Bleakley Financial Group LLC boosted its stake in Alliant Energy by 3.0% during the 3rd quarter. Bleakley Financial Group LLC now owns 8,744 shares of the company’s stock worth $531,000 after acquiring an additional 251 shares during the last quarter. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Alliant Energy Stock Down 0.7 %

Alliant Energy stock opened at $58.69 on Friday. 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 company’s 50-day moving average is $60.22 and its 200-day moving average is $58.86. The firm has a market capitalization of $15.06 billion, a PE ratio of 22.75, a P/E/G ratio of 2.86 and a beta of 0.60. Alliant Energy Co. has a fifty-two week low of $46.80 and a fifty-two week high of $64.19.

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

Alliant Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 31st will be given a dividend of $0.5075 per share. This represents a $2.03 dividend on an annualized basis and a yield of 3.46%. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, January 31st. Alliant Energy’s dividend payout ratio (DPR) is currently 74.42%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on LNT shares. Wells Fargo & Company decreased their price target on shares of Alliant Energy from $66.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Scotiabank downgraded Alliant Energy from a “sector outperform” rating to a “sector perform” rating and increased their price target for the stock from $64.00 to $67.00 in a report on Thursday, December 12th. Barclays cut their price objective on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. BMO Capital Markets lowered their target price on Alliant Energy from $65.00 to $61.00 and set a “market perform” rating for the company in a research note on Monday, November 4th. Finally, Mizuho lifted their price target 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. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $63.39.

About Alliant Energy

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.