Ilmarinen Mutual Pension Insurance Co Buys Shares of 34,000 Alliant Energy Co. (NASDAQ:LNT)

Ilmarinen Mutual Pension Insurance Co purchased a new position in shares of Alliant Energy Co. (NASDAQ:LNT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 34,000 shares of the company’s stock, valued at approximately $2,011,000.

Several other hedge funds and other institutional investors have also modified their holdings of LNT. RDA Financial Network lifted its stake in Alliant Energy by 2.4% during the 4th quarter. RDA Financial Network now owns 7,990 shares of the company’s stock worth $473,000 after acquiring an additional 184 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of Alliant Energy by 8.2% during the fourth quarter. Global Retirement Partners LLC now owns 2,509 shares of the company’s stock worth $148,000 after purchasing an additional 191 shares in the last quarter. Savant Capital LLC boosted its stake in shares of Alliant Energy by 1.5% in the fourth quarter. Savant Capital LLC now owns 15,937 shares of the company’s stock valued at $942,000 after purchasing an additional 237 shares during the period. City State Bank grew its holdings in shares of Alliant Energy by 0.4% in the fourth quarter. City State Bank now owns 71,547 shares of the company’s stock valued at $4,231,000 after purchasing an additional 257 shares in the last quarter. Finally, United Asset Strategies Inc. increased its stake in Alliant Energy by 0.5% during the 4th quarter. United Asset Strategies Inc. now owns 59,752 shares of the company’s stock worth $3,534,000 after buying an additional 280 shares during the period. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the company. BMO Capital Markets boosted their target price on Alliant Energy from $60.00 to $66.00 and gave the stock a “market perform” rating in a research note on Monday, February 24th. UBS Group boosted their price objective on Alliant Energy from $65.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Guggenheim reaffirmed a “neutral” rating and issued a $57.00 target price on shares of Alliant Energy in a report on Monday, February 24th. Finally, Scotiabank cut shares of Alliant Energy from a “sector outperform” rating to a “sector perform” rating and boosted their price target for the stock from $64.00 to $67.00 in a report on Thursday, December 12th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Alliant Energy presently has a consensus rating of “Hold” and an average target price of $63.55.

Alliant Energy Trading Down 5.4 %

NASDAQ LNT opened at $61.36 on Friday. The firm’s fifty day moving average price is $62.16 and its 200 day moving average price is $60.82. Alliant Energy Co. has a 12 month low of $47.23 and a 12 month high of $66.54. 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 has a market capitalization of $15.75 billion, a price-to-earnings ratio of 22.81, a price-to-earnings-growth ratio of 2.83 and a beta of 0.52.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings data 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 return on equity of 11.39% and a net margin of 17.33%. The company had revenue of $976.00 million for the quarter, compared to analyst estimates of $1.14 billion. On average, sell-side analysts expect that Alliant Energy Co. will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be issued a $0.5075 dividend. This represents a $2.03 annualized dividend and a dividend yield of 3.31%. The ex-dividend date is Wednesday, April 30th. Alliant Energy’s payout ratio is currently 75.46%.

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.