Illinois Municipal Retirement Fund Has $4.56 Million Stake in Alliant Energy Co. (NASDAQ:LNT)

Illinois Municipal Retirement Fund reduced its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 42.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 77,050 shares of the company’s stock after selling 57,478 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Alliant Energy were worth $4,557,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Janus Henderson Group PLC boosted its position in Alliant Energy by 0.6% during the third quarter. Janus Henderson Group PLC now owns 10,691,172 shares of the company’s stock worth $648,847,000 after purchasing an additional 65,110 shares during the period. Geode Capital Management LLC raised its position 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 purchasing an additional 92,525 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Alliant Energy by 8.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,512,770 shares of the company’s stock worth $395,260,000 after buying an additional 512,429 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of 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, Point72 Asset Management L.P. grew its stake in Alliant Energy by 92.7% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,604,272 shares of the company’s stock valued at $97,363,000 after buying an additional 771,919 shares during the last quarter. 79.90% of the stock is owned by institutional investors and hedge funds.

Alliant Energy Trading Up 0.4 %

Shares of Alliant Energy stock opened at $63.98 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. Alliant Energy Co. has a 12-month low of $46.80 and a 12-month high of $64.19. The company has a market capitalization of $16.42 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 2.83 and a beta of 0.60. The firm’s 50-day moving average price is $59.72 and its two-hundred day moving average price is $59.85.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.02. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. The business had revenue of $976.00 million for the quarter, compared to analyst estimates of $1.14 billion. On average, analysts forecast that Alliant Energy Co. will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st were paid a $0.5075 dividend. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, January 31st. This represents a $2.03 annualized dividend and a dividend yield of 3.17%. Alliant Energy’s dividend payout ratio (DPR) is presently 75.46%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Guggenheim restated a “neutral” rating and set a $57.00 price objective on shares of Alliant Energy in a research report on Monday. Wells Fargo & Company dropped their price target on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Barclays reduced their price target on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. Scotiabank cut Alliant Energy from a “sector outperform” rating to a “sector perform” rating and increased their price objective for the stock from $64.00 to $67.00 in a research report on Thursday, December 12th. Finally, BMO Capital Markets boosted their target price on shares of Alliant Energy from $60.00 to $66.00 and gave the company a “market perform” rating in a research report on Monday. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Alliant Energy presently has an average rating of “Hold” and a consensus price target of $63.25.

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.