OMERS ADMINISTRATION Corp Sells 3,892 Shares of Alliant Energy Co. (NASDAQ:LNT)

OMERS ADMINISTRATION Corp cut its position in shares of Alliant Energy Co. (NASDAQ:LNT) by 26.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,668 shares of the company’s stock after selling 3,892 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Alliant Energy were worth $631,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LNT. SBI Securities Co. Ltd. bought a new stake in shares of Alliant Energy in the 4th quarter worth approximately $29,000. Larson Financial Group LLC raised its stake in shares of Alliant Energy by 67.5% in the fourth quarter. Larson Financial Group LLC now owns 722 shares of the company’s stock valued at $43,000 after purchasing an additional 291 shares in the last quarter. WASHINGTON TRUST Co lifted its position in Alliant Energy by 251.2% in the fourth quarter. WASHINGTON TRUST Co now owns 878 shares of the company’s stock worth $52,000 after purchasing an additional 628 shares during the period. Newbridge Financial Services Group Inc. bought a new position in Alliant Energy in the fourth quarter worth $53,000. Finally, Optiver Holding B.V. boosted its stake in Alliant Energy by 382.5% during the fourth quarter. Optiver Holding B.V. now owns 912 shares of the company’s stock worth $54,000 after buying an additional 723 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors.

Alliant Energy Stock Up 1.2%

Shares of LNT opened at $62.48 on Monday. The business’s 50 day simple moving average is $61.67 and its 200-day simple moving average is $60.88. Alliant Energy Co. has a one year low of $49.05 and a one year high of $66.54. The company has a market capitalization of $16.05 billion, a P/E ratio of 23.23, a PEG ratio of 2.83 and a beta of 0.58. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.12. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the firm earned $0.62 earnings per share. The business’s revenue was up 9.4% on a year-over-year basis. As a group, sell-side analysts predict that Alliant Energy Co. will post 3.23 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were given a dividend of $0.5075 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.25%. Alliant Energy’s payout ratio is 70.00%.

Analyst Ratings Changes

LNT has been the subject of a number of recent research reports. UBS Group increased their price objective on shares of Alliant Energy from $65.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Guggenheim reissued a “neutral” rating and issued a $57.00 price target on shares of Alliant Energy in a research report on Monday, February 24th. Barclays downgraded Alliant Energy from an “equal weight” rating to an “underweight” rating and lifted their price objective for the company from $59.00 to $61.00 in a report on Tuesday, April 22nd. BMO Capital Markets dropped their target price on Alliant Energy from $66.00 to $64.00 and set a “market perform” rating for the company in a report on Tuesday, April 22nd. Finally, StockNews.com upgraded Alliant Energy from a “sell” rating to a “hold” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Alliant Energy has an average rating of “Hold” and a consensus price target of $63.55.

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.