Teachers Retirement System of The State of Kentucky Sells 1,129 Shares of Alliant Energy Co. (NASDAQ:LNT)

Teachers Retirement System of The State of Kentucky cut its stake in shares of Alliant Energy Co. (NASDAQ:LNT) by 5.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,073 shares of the company’s stock after selling 1,129 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Alliant Energy were worth $1,158,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in LNT. Janus Henderson Group PLC raised its position in Alliant Energy by 0.6% in the third quarter. Janus Henderson Group PLC now owns 10,691,172 shares of the company’s stock valued at $648,847,000 after purchasing an additional 65,110 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Alliant Energy by 1.4% in the third quarter. Geode Capital Management LLC now owns 6,593,166 shares of the company’s stock valued at $398,880,000 after buying an additional 92,525 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in 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 buying an additional 512,429 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Alliant Energy by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,216,475 shares of the company’s stock worth $134,518,000 after buying an additional 14,225 shares during the period. Finally, Johnson Investment Counsel Inc. boosted its position in Alliant Energy by 1.7% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 1,756,533 shares of the company’s stock worth $89,408,000 after buying an additional 29,358 shares during the period. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Alliant Energy Stock Down 2.4 %

Shares of NASDAQ:LNT opened at $58.15 on Thursday. Alliant Energy Co. has a 1 year low of $46.80 and a 1 year high of $64.19. 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 $60.75 and its 200-day moving average is $57.41. The company has a market capitalization of $14.92 billion, a price-to-earnings ratio of 22.54, a P/E/G ratio of 2.98 and a beta of 0.59.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Thursday, October 31st. The company reported $1.15 earnings per share (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 analyst estimates of $1.08 billion. Alliant Energy had a return on equity of 10.56% and a net margin of 16.66%. The company’s revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.05 earnings per share. Equities research analysts predict that Alliant Energy Co. will post 3.04 earnings per share for the current year.

Alliant Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.30%. The ex-dividend date was Thursday, October 31st. Alliant Energy’s dividend payout ratio is presently 74.42%.

Analyst Ratings Changes

Several research firms have recently issued reports on LNT. Scotiabank downgraded shares of Alliant Energy from a “sector outperform” rating to a “sector perform” rating and raised their price target for the company from $64.00 to $67.00 in a research note on Thursday, December 12th. Jefferies Financial Group began coverage on Alliant Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $67.00 target price for the company. Barclays reduced their price target on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. UBS Group increased their price target on Alliant Energy from $64.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Finally, Wells Fargo & Company cut their price objective on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Alliant Energy presently has a consensus rating of “Hold” and a consensus target price of $63.39.

Alliant Energy Company 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.