Nissay Asset Management Corp Japan ADV lessened its position in shares of Alliant Energy Co. (NYSE:LNT) by 10.1% during the first quarter, Holdings Channel reports. The institutional investor owned 53,839 shares of the utilities provider’s stock after selling 6,016 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Alliant Energy were worth $2,537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc lifted its position in shares of Alliant Energy by 3.3% during the 3rd quarter. Vanguard Group Inc now owns 25,799,199 shares of the utilities provider’s stock valued at $1,098,272,000 after buying an additional 833,075 shares during the last quarter. BlackRock Inc. lifted its holdings in Alliant Energy by 5.6% during the 4th quarter. BlackRock Inc. now owns 22,875,576 shares of the utilities provider’s stock worth $966,492,000 after purchasing an additional 1,214,401 shares in the last quarter. FMR LLC lifted its holdings in Alliant Energy by 1.5% during the 4th quarter. FMR LLC now owns 4,578,375 shares of the utilities provider’s stock worth $193,436,000 after purchasing an additional 69,615 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Alliant Energy by 0.4% during the 4th quarter. Victory Capital Management Inc. now owns 4,300,980 shares of the utilities provider’s stock worth $181,716,000 after purchasing an additional 15,177 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Alliant Energy by 14.5% during the 4th quarter. Geode Capital Management LLC now owns 3,424,034 shares of the utilities provider’s stock worth $144,443,000 after purchasing an additional 434,170 shares in the last quarter. 71.12% of the stock is currently owned by hedge funds and other institutional investors.

In other Alliant Energy news, SVP James H. Gallegos sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $47.50, for a total value of $237,500.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Patricia L. Kampling sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $46.98, for a total value of $469,800.00. The disclosure for this sale can be found here. Company insiders own 0.25% of the company’s stock.

A number of analysts recently issued reports on LNT shares. Bank of America raised Alliant Energy from an “underperform” rating to a “neutral” rating and set a $44.00 price objective on the stock in a report on Thursday, January 31st. Zacks Investment Research raised Alliant Energy from a “sell” rating to a “hold” rating in a report on Friday, January 25th. Wells Fargo & Co increased their price objective on Alliant Energy from $49.00 to $52.00 and gave the stock an “outperform” rating in a report on Monday, February 25th. Wolfe Research raised Alliant Energy from an “underperform” rating to a “market perform” rating in a report on Tuesday, January 22nd. Finally, Barclays started coverage on Alliant Energy in a report on Friday, January 18th. They set an “equal weight” rating and a $45.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $46.94.

Shares of LNT opened at $47.35 on Thursday. The stock has a market cap of $11.13 billion, a P/E ratio of 24.53, a P/E/G ratio of 3.28 and a beta of 0.18. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.59 and a current ratio of 0.73. Alliant Energy Co. has a 52-week low of $38.22 and a 52-week high of $47.92.

Alliant Energy (NYSE:LNT) last released its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.02. Alliant Energy had a return on equity of 11.69% and a net margin of 15.09%. The firm had revenue of $987.20 million for the quarter, compared to analysts’ expectations of $903.85 million. During the same quarter last year, the firm posted $0.52 EPS. The company’s revenue was up 7.7% compared to the same quarter last year. As a group, research analysts expect that Alliant Energy Co. will post 2.15 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were issued a $0.355 dividend. The ex-dividend date of this dividend was Monday, April 29th. This represents a $1.42 annualized dividend and a dividend yield of 3.00%. Alliant Energy’s payout ratio is currently 73.58%.

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Alliant Energy Profile

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the Midwest region of the United States. It operates through three segments: Electric, Gas, and 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.

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Institutional Ownership by Quarter for Alliant Energy (NYSE:LNT)

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