California Public Employees Retirement System Raises Stock Position in Alliant Energy Co. (NASDAQ:LNT)

California Public Employees Retirement System raised its stake in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,174,628 shares of the company's stock after acquiring an additional 7,530 shares during the quarter. California Public Employees Retirement System owned approximately 0.46% of Alliant Energy worth $69,468,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in LNT. Townsquare Capital LLC purchased a new stake in Alliant Energy during the third quarter valued at approximately $274,000. Public Sector Pension Investment Board increased its position in shares of Alliant Energy by 3.0% during the third quarter. Public Sector Pension Investment Board now owns 44,816 shares of the company's stock worth $2,720,000 after purchasing an additional 1,300 shares in the last quarter. PEAK6 Investments LLC purchased a new stake in shares of Alliant Energy during the 3rd quarter valued at $228,000. Captrust Financial Advisors boosted its position in shares of Alliant Energy by 53.5% in the 3rd quarter. Captrust Financial Advisors now owns 12,127 shares of the company's stock worth $736,000 after purchasing an additional 4,226 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in Alliant Energy during the 3rd quarter worth $365,000. 79.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Scotiabank cut Alliant Energy from a "sector outperform" rating to a "sector perform" rating and increased their price target for the company from $64.00 to $67.00 in a research note on Thursday, December 12th. BMO Capital Markets increased their price objective on shares of Alliant Energy from $60.00 to $66.00 and gave the company a "market perform" rating in a research report on Monday, February 24th. Guggenheim reissued a "neutral" rating and set a $57.00 target price on shares of Alliant Energy in a research report on Monday, February 24th. Finally, UBS Group upped their price target on shares of Alliant Energy from $65.00 to $68.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Alliant Energy has a consensus rating of "Hold" and an average price target of $63.55.

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Alliant Energy Stock Performance

Shares of LNT traded down $3.11 during mid-day trading on Friday, reaching $61.75. The company had a trading volume of 1,851,001 shares, compared to its average volume of 1,570,132. The stock has a market capitalization of $15.85 billion, a P/E ratio of 22.84, a PEG ratio of 2.83 and a beta of 0.52. Alliant Energy Co. has a 52-week low of $47.23 and a 52-week high of $66.54. The stock has a 50 day moving average of $62.11 and a two-hundred day moving average of $60.81. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33.

Alliant Energy (NASDAQ:LNT - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.68 by $0.02. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. The business had revenue of $976.00 million for the quarter, compared to analyst estimates of $1.14 billion. On average, analysts expect that Alliant Energy Co. will post 3.23 earnings per share for the current year.

Alliant Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be given a $0.5075 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.29%. Alliant Energy's dividend payout ratio (DPR) is currently 75.46%.

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.