Everence Capital Management Inc. Raises Holdings in Alliant Energy Co. (NASDAQ:LNT)

Everence Capital Management Inc. lifted its position in Alliant Energy Co. (NASDAQ:LNT) by 239.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,260 shares of the company’s stock after buying an additional 17,810 shares during the period. Everence Capital Management Inc.’s holdings in Alliant Energy were worth $1,296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. CTC Alternative Strategies Ltd. bought a new position in Alliant Energy in the 4th quarter worth $1,211,000. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Alliant Energy by 1.0% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 634,559 shares of the company’s stock worth $32,553,000 after purchasing an additional 5,983 shares during the period. Louisiana State Employees Retirement System bought a new position in Alliant Energy in the 4th quarter worth $790,000. Koshinski Asset Management Inc. raised its holdings in Alliant Energy by 9.8% in the 4th quarter. Koshinski Asset Management Inc. now owns 19,349 shares of the company’s stock worth $993,000 after purchasing an additional 1,734 shares during the period. Finally, Vaughan David Investments LLC IL raised its holdings in Alliant Energy by 5.2% in the 4th quarter. Vaughan David Investments LLC IL now owns 732,805 shares of the company’s stock worth $37,593,000 after purchasing an additional 36,279 shares during the period. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Alliant Energy Trading Down 1.3 %

Shares of LNT stock opened at $47.40 on Wednesday. Alliant Energy Co. has a 12-month low of $45.15 and a 12-month high of $56.26. The company has a current ratio of 0.55, a quick ratio of 0.40 and a debt-to-equity ratio of 1.21. The stock’s 50-day moving average price is $48.63 and its 200-day moving average price is $49.45. The stock has a market capitalization of $12.14 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 2.56 and a beta of 0.55.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results 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 quarter in the prior year, the business posted $0.46 EPS. Equities research analysts predict that Alliant Energy Co. will post 3.07 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a $0.48 dividend. The ex-dividend date is Monday, April 29th. This represents a $1.92 annualized dividend and a yield of 4.05%. Alliant Energy’s dividend payout ratio is currently 69.06%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Bank of America decreased their target price on Alliant Energy from $55.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. Barclays reissued an “equal weight” rating and set a $53.00 price target (up from $50.00) on shares of Alliant Energy in a report on Tuesday, January 2nd. Finally, BMO Capital Markets raised their price target on Alliant Energy from $51.00 to $53.00 and gave the company a “market perform” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $53.31.

Insider Buying and Selling at Alliant Energy

In other Alliant Energy news, CEO Lisa M. Barton bought 1,100 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was acquired at an average price of $48.56 per share, for a total transaction of $53,416.00. Following the completion of the transaction, the chief executive officer now directly owns 36,444 shares of the company’s stock, valued at $1,769,720.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.31% of the company’s stock.

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.