New York State Teachers Retirement System Reduces Stock Position in Alliant Energy Co. (NASDAQ:LNT)

New York State Teachers Retirement System decreased its stake in Alliant Energy Co. (NASDAQ:LNT - Free Report) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 273,558 shares of the company's stock after selling 6,208 shares during the quarter. New York State Teachers Retirement System owned about 0.11% of Alliant Energy worth $16,178,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of LNT. Larson Financial Group LLC boosted its holdings in shares of Alliant Energy by 7,083.3% in the 3rd quarter. Larson Financial Group LLC now owns 431 shares of the company's stock worth $26,000 after purchasing an additional 425 shares during the period. Northwest Investment Counselors LLC bought a new stake in shares of Alliant Energy during the 3rd quarter worth approximately $28,000. Eastern Bank bought a new stake in shares of Alliant Energy during the 3rd quarter worth approximately $30,000. JNBA Financial Advisors bought a new stake in shares of Alliant Energy during the 3rd quarter worth approximately $31,000. Finally, ORG Partners LLC lifted its stake in shares of Alliant Energy by 517.0% during the 4th quarter. ORG Partners LLC now owns 617 shares of the company's stock worth $36,000 after acquiring an additional 517 shares during the last quarter. Hedge funds and other institutional investors own 79.90% of the company's stock.

Alliant Energy Stock Down 0.0 %

LNT stock traded down $0.03 on Thursday, hitting $61.62. 3,246,987 shares of the company's stock were exchanged, compared to its average volume of 1,561,981. Alliant Energy Co. has a 12-month low of $46.80 and a 12-month high of $64.19. The firm has a 50 day moving average price of $59.37 and a two-hundred day moving average price of $59.59. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86. The stock has a market cap of $15.81 billion, a P/E ratio of 23.88, a price-to-earnings-growth ratio of 2.83 and a beta of 0.60.

Alliant Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 31st were paid a dividend of $0.5075 per share. This represents a $2.03 annualized dividend and a yield of 3.29%. This is an increase from Alliant Energy's previous quarterly dividend of $0.48. The ex-dividend date was Friday, January 31st. Alliant Energy's payout ratio is 78.68%.

Analyst Ratings Changes

A number of brokerages recently issued reports on LNT. BMO Capital Markets decreased their price target on Alliant Energy from $65.00 to $61.00 and set a "market perform" rating for the company in a research note on Monday, November 4th. Wells Fargo & Company decreased their price target on Alliant Energy from $66.00 to $65.00 and set an "overweight" rating for the company in a research note on Monday, November 4th. Barclays decreased their price target on Alliant Energy from $61.00 to $59.00 and set an "equal weight" rating for the company in a research note on Wednesday, November 6th. Finally, Scotiabank lowered Alliant Energy from a "sector outperform" rating to a "sector perform" rating and lifted their target price for the company from $64.00 to $67.00 in a research report on Thursday, December 12th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus 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.