Retirement Systems of Alabama Has $27.40 Million Stake in Alliant Energy Co. (NASDAQ:LNT)

Retirement Systems of Alabama increased its position in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) by 698.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 451,477 shares of the company's stock after acquiring an additional 394,920 shares during the period. Retirement Systems of Alabama owned about 0.18% of Alliant Energy worth $27,400,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of LNT. Janus Henderson Group PLC grew its position in Alliant Energy by 0.6% in the third quarter. Janus Henderson Group PLC now owns 10,691,172 shares of the company's stock worth $648,847,000 after acquiring an additional 65,110 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Alliant Energy by 1.4% in the third quarter. Geode Capital Management LLC now owns 6,593,166 shares of the company's stock worth $398,880,000 after purchasing an additional 92,525 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Alliant Energy by 8.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,512,770 shares of the company's stock worth $395,260,000 after buying an additional 512,429 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Alliant Energy by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,216,475 shares of the company's stock valued at $134,518,000 after buying an additional 14,225 shares in the last quarter. Finally, Johnson Investment Counsel Inc. lifted its position in shares of Alliant Energy by 1.7% in the second quarter. Johnson Investment Counsel Inc. now owns 1,756,533 shares of the company's stock worth $89,408,000 after buying an additional 29,358 shares during the last quarter. Institutional investors and hedge funds own 79.90% of the company's stock.

Alliant Energy Stock Performance

Shares of NASDAQ:LNT traded down $0.02 on Friday, hitting $60.45. 855,918 shares of the company were exchanged, compared to its average volume of 1,411,042. The company's 50 day moving average price is $60.77 and its two-hundred day moving average price is $57.18. The firm has a market capitalization of $15.51 billion, a price-to-earnings ratio of 23.43, a PEG ratio of 2.98 and a beta of 0.59. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86. Alliant Energy Co. has a one year low of $46.80 and a one year high of $64.19.

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

Alliant Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend was Thursday, October 31st. Alliant Energy's dividend payout ratio (DPR) is presently 74.42%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Barclays lowered their price objective on Alliant Energy from $61.00 to $59.00 and set an "equal weight" rating on the stock in a report on Wednesday, November 6th. Wells Fargo & Company dropped their price target on shares of Alliant Energy from $66.00 to $65.00 and set an "overweight" rating on the stock in a research report on Monday, November 4th. Bank of America upped their price objective on shares of 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 dropped their target price on shares of Alliant Energy from $65.00 to $61.00 and set a "market perform" rating on the stock in a report on Monday, November 4th. Finally, UBS Group upped their price target on shares of Alliant Energy from $64.00 to $65.00 and gave the company a "neutral" rating in a report on Friday, September 20th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $63.39.

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.