Vestcor Inc Sells 2,824 Shares of Alliant Energy Co. (NASDAQ:LNT)

Vestcor Inc trimmed its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 25.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,076 shares of the company’s stock after selling 2,824 shares during the quarter. Vestcor Inc’s holdings in Alliant Energy were worth $490,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Janus Henderson Group PLC grew its position in shares of Alliant Energy by 0.6% in the 3rd quarter. Janus Henderson Group PLC now owns 10,691,172 shares of the company’s stock worth $648,847,000 after buying an additional 65,110 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Alliant Energy by 8.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,512,770 shares of the company’s stock worth $395,260,000 after purchasing an additional 512,429 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Alliant Energy by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,216,475 shares of the company’s stock worth $134,518,000 after purchasing an additional 14,225 shares in the last quarter. Johnson Investment Counsel Inc. lifted its holdings in shares of Alliant Energy by 1.7% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 1,756,533 shares of the company’s stock valued at $89,408,000 after purchasing an additional 29,358 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its position in shares of 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 worth $97,363,000 after purchasing an additional 771,919 shares in the last quarter. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Trading Down 0.0 %

Shares of NASDAQ:LNT opened at $60.45 on Friday. The company has a market capitalization of $15.51 billion, a PE ratio of 23.43, a PEG ratio of 2.98 and a beta of 0.59. Alliant Energy Co. has a 12-month low of $46.80 and a 12-month high of $64.19. The business has a 50 day moving average of $60.77 and a two-hundred day moving average of $57.18. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings results on Thursday, October 31st. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.05. Alliant Energy had a net margin of 16.66% and a return on equity of 10.56%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the firm posted $1.05 earnings per share. The firm’s quarterly revenue was up .4% compared to the same quarter last year. As a group, analysts forecast that Alliant Energy Co. will post 3.04 EPS for the current year.

Alliant Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a $0.48 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.92 dividend on an annualized basis and a yield of 3.18%. Alliant Energy’s payout ratio is 74.42%.

Wall Street Analysts Forecast Growth

LNT has been the subject of several recent analyst reports. BMO Capital Markets lowered their price target on Alliant Energy from $65.00 to $61.00 and set a “market perform” rating for the company in a report on Monday, November 4th. Mizuho boosted their target price on shares of Alliant Energy from $52.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, October 4th. Bank of America raised their price target on shares of Alliant Energy from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. UBS Group boosted their price objective on shares of Alliant Energy from $64.00 to $65.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Finally, Jefferies Financial Group started coverage on Alliant Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $67.00 target price for the company. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $63.39.

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.