Mutual of America Capital Management LLC Sells 1,222 Shares of Alliant Energy Co. (NASDAQ:LNT)

Mutual of America Capital Management LLC cut its stake in shares of Alliant Energy Co. (NASDAQ:LNT) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,136 shares of the company’s stock after selling 1,222 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Alliant Energy were worth $1,751,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in LNT. NBC Securities Inc. acquired a new stake in shares of Alliant Energy during the third quarter worth $2,977,000. Fifth Third Bancorp grew its holdings in Alliant Energy by 9.5% during the 3rd quarter. Fifth Third Bancorp now owns 33,941 shares of the company’s stock worth $1,644,000 after acquiring an additional 2,947 shares during the period. Metis Global Partners LLC grew its holdings in Alliant Energy by 21.4% during the 3rd quarter. Metis Global Partners LLC now owns 9,178 shares of the company’s stock worth $445,000 after acquiring an additional 1,616 shares during the period. HighTower Advisors LLC raised its position in shares of Alliant Energy by 3.6% in the 3rd quarter. HighTower Advisors LLC now owns 41,460 shares of the company’s stock worth $2,004,000 after acquiring an additional 1,439 shares in the last quarter. Finally, Comerica Bank acquired a new position in shares of Alliant Energy in the 3rd quarter valued at about $4,809,000. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Trading Up 2.0 %

LNT opened at $49.82 on Monday. Alliant Energy Co. has a fifty-two week low of $45.15 and a fifty-two week high of $56.26. The firm has a market capitalization of $12.76 billion, a PE ratio of 17.92, a P/E/G ratio of 2.66 and a beta of 0.55. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.55 and a quick ratio of 0.40. The company’s 50-day moving average is $48.71 and its 200 day moving average is $49.50.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings data on Friday, February 16th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.07). The company had revenue of $961.00 million during the quarter, compared to analysts’ expectations of $1.25 billion. Alliant Energy had a return on equity of 10.85% and a net margin of 17.46%. During the same period last year, the company earned $0.46 earnings per share. As a group, research analysts predict that Alliant Energy Co. will post 3.07 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.92 annualized dividend and a dividend yield of 3.85%. Alliant Energy’s payout ratio is 69.06%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on LNT shares. Barclays reiterated an “equal weight” rating and issued a $53.00 target price (up from $50.00) on shares of Alliant Energy in a report on Tuesday, January 2nd. Bank of America dropped their target price on shares of Alliant Energy from $55.00 to $54.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. Finally, BMO Capital Markets increased their target price on shares of Alliant Energy from $51.00 to $53.00 and gave the stock a “market perform” rating in a research note on Monday, April 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $52.21.

Insider Activity

In other news, CEO Lisa M. Barton bought 1,100 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were purchased at an average price of $48.56 per share, with a total value of $53,416.00. Following the transaction, the chief executive officer now directly owns 36,444 shares in the company, valued at $1,769,720.64. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.31% of the stock is currently owned by corporate insiders.

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.