Nisa Investment Advisors LLC Sells 2,625 Shares of Alliant Energy Co. (NASDAQ:LNT)

Nisa Investment Advisors LLC lowered its stake in Alliant Energy Co. (NASDAQ:LNT) by 1.3% during the fourth quarter, Holdings Channel reports. The firm owned 200,545 shares of the company’s stock after selling 2,625 shares during the period. Nisa Investment Advisors LLC’s holdings in Alliant Energy were worth $11,860,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC boosted its holdings in shares of Alliant Energy by 7,083.3% in the 3rd quarter. Larson Financial Group LLC now owns 431 shares of the company’s stock valued at $26,000 after purchasing an additional 425 shares in the last quarter. Northwest Investment Counselors LLC bought a new position in Alliant Energy in the third quarter valued at about $28,000. Eastern Bank acquired a new position in Alliant Energy during the third quarter worth about $30,000. JNBA Financial Advisors bought a new position in shares of Alliant Energy in the third quarter worth about $31,000. Finally, ORG Partners LLC boosted its stake in shares of Alliant Energy by 517.0% in the 4th quarter. ORG Partners LLC now owns 617 shares of the company’s stock valued at $36,000 after purchasing an additional 517 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on LNT shares. BMO Capital Markets dropped their price objective on shares of 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. Wells Fargo & Company reduced their price objective on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Mizuho lifted their price target on Alliant Energy from $52.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, October 4th. Barclays lowered their price objective 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. Finally, Scotiabank downgraded shares of Alliant Energy from a “sector outperform” rating to a “sector perform” rating and lifted their target price for the stock from $64.00 to $67.00 in a research report on Thursday, December 12th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Alliant Energy currently has a consensus rating of “Hold” and a consensus target price of $63.39.

Alliant Energy Stock Down 0.7 %

Alliant Energy stock opened at $58.69 on Friday. The firm has a 50 day moving average price of $60.22 and a two-hundred day moving average price of $58.86. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86. Alliant Energy Co. has a 52-week low of $46.80 and a 52-week high of $64.19. The firm has a market cap of $15.06 billion, a price-to-earnings ratio of 22.75, a PEG ratio of 2.86 and a beta of 0.60.

Alliant Energy (NASDAQ:LNT) last released its 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. Alliant Energy had a net margin of 16.66% and a return on equity of 10.56%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the business earned $1.05 earnings per share. Alliant Energy’s revenue for the quarter was up .4% on a year-over-year basis. Equities analysts predict that Alliant Energy Co. will post 3.04 EPS for the current year.

Alliant Energy Increases Dividend

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

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.