Dai ichi Life Insurance Company Ltd Has $1.27 Million Holdings in Alliant Energy Co. (NASDAQ:LNT)

Dai ichi Life Insurance Company Ltd cut its holdings in Alliant Energy Co. (NASDAQ:LNT - Free Report) by 46.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,996 shares of the company's stock after selling 18,000 shares during the quarter. Dai ichi Life Insurance Company Ltd's holdings in Alliant Energy were worth $1,274,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Capital Square LLC acquired a new stake in Alliant Energy in the third quarter valued at approximately $209,000. DRW Securities LLC bought a new position in shares of Alliant Energy in the 3rd quarter valued at $743,000. Daiwa Securities Group Inc. boosted its holdings in shares of Alliant Energy by 22.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 53,600 shares of the company's stock valued at $3,253,000 after acquiring an additional 9,780 shares in the last quarter. Larson Financial Group LLC grew its position in Alliant Energy by 7,083.3% during the 3rd quarter. Larson Financial Group LLC now owns 431 shares of the company's stock worth $26,000 after acquiring an additional 425 shares during the last quarter. Finally, Cerity Partners LLC increased its holdings in Alliant Energy by 23.4% in the 3rd quarter. Cerity Partners LLC now owns 78,245 shares of the company's stock worth $4,749,000 after purchasing an additional 14,827 shares in the last quarter. Institutional investors own 79.90% of the company's stock.

Alliant Energy Trading Up 0.4 %

LNT traded up $0.25 during trading on Thursday, reaching $63.59. 1,383,219 shares of the stock traded hands, compared to its average volume of 2,155,976. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. The stock's 50-day moving average is $60.55 and its 200 day moving average is $56.41. Alliant Energy Co. has a 12 month low of $46.80 and a 12 month high of $64.19. The stock has a market capitalization of $16.32 billion, a PE ratio of 24.65, a P/E/G ratio of 3.13 and a beta of 0.58.

Alliant Energy (NASDAQ:LNT - Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.10 by $0.05. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. Alliant Energy had a return on equity of 10.56% and a net margin of 16.66%. The firm's revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.05 EPS. Equities analysts anticipate that Alliant Energy Co. will post 3.04 earnings per share for the current year.

Alliant Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were paid a $0.48 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.92 annualized dividend and a dividend yield of 3.02%. Alliant Energy's dividend payout ratio is currently 74.42%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Bank of America boosted their price target on Alliant Energy from $62.00 to $63.00 and gave the stock a "buy" rating in a report on Thursday, August 29th. BMO Capital Markets decreased their price target on shares of Alliant Energy from $65.00 to $61.00 and set a "market perform" rating for the company in a research report on Monday, November 4th. Wells Fargo & Company cut their price target on shares of Alliant Energy from $66.00 to $65.00 and set an "overweight" rating on the stock in a report on Monday, November 4th. Mizuho increased their price objective on Alliant Energy from $52.00 to $61.00 and gave the company a "neutral" rating in a report on Friday, October 4th. Finally, LADENBURG THALM/SH SH raised Alliant Energy from a "neutral" rating to a "buy" rating and raised their target price for the stock from $50.00 to $62.50 in a research report on Tuesday, August 13th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $63.06.

Alliant Energy 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.