Alaska Permanent Fund Corp Sells 491 Shares of Alliant Energy Co. (NASDAQ:LNT)

Alaska Permanent Fund Corp trimmed its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 8.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,027 shares of the company’s stock after selling 491 shares during the quarter. Alaska Permanent Fund Corp’s holdings in Alliant Energy were worth $258,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Wetzel Investment Advisors Inc. acquired a new position in shares of Alliant Energy during the fourth quarter worth $26,000. Compagnie Lombard Odier SCmA acquired a new position in shares of Alliant Energy in the third quarter worth approximately $38,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Alliant Energy during the 4th quarter valued at approximately $38,000. Authentikos Wealth Advisory LLC bought a new position in Alliant Energy during the 3rd quarter worth approximately $42,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in Alliant Energy during the 4th quarter worth approximately $43,000. 79.90% of the stock is owned by institutional investors.

Alliant Energy Trading Down 1.3 %

NASDAQ:LNT opened at $49.59 on Friday. Alliant Energy Co. has a one year low of $45.15 and a one year high of $56.26. The company has a market cap of $12.70 billion, a PE ratio of 17.84, a PEG ratio of 2.68 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 firm has a 50-day moving average of $48.90 and a 200-day moving average of $49.54.

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

Alliant Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend is Monday, April 29th. Alliant Energy’s dividend payout ratio is presently 69.06%.

Insider Buying and Selling

In related news, CEO Lisa M. Barton bought 1,100 shares of the business’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 purchase, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.31% of the stock is owned by insiders.

Wall Street Analyst Weigh In

LNT has been the topic of a number of analyst reports. Scotiabank reduced their price objective on shares of Alliant Energy from $57.00 to $53.00 and set a “sector outperform” rating on the stock in a research note on Monday, April 22nd. Bank of America cut their price target 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. Barclays reissued an “equal weight” rating and issued a $53.00 price objective (up from $50.00) on shares of Alliant Energy in a research report on Tuesday, January 2nd. Finally, BMO Capital Markets upped their target price on Alliant Energy from $51.00 to $53.00 and gave the company a “market perform” rating in a research report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $51.36.

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.