State Board of Administration of Florida Retirement System Sells 6,020 Shares of Alliant Energy Co. (NASDAQ:LNT)

State Board of Administration of Florida Retirement System reduced its stake in shares of Alliant Energy Co. (NASDAQ:LNTFree Report) by 2.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 287,192 shares of the company’s stock after selling 6,020 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.11% of Alliant Energy worth $13,914,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Alliant Energy by 1.1% during the first quarter. Vanguard Group Inc. now owns 31,030,199 shares of the company’s stock worth $1,938,766,000 after acquiring an additional 342,340 shares during the last quarter. BlackRock Inc. raised its position in shares of Alliant Energy by 3.5% during the first quarter. BlackRock Inc. now owns 23,504,005 shares of the company’s stock worth $1,255,114,000 after acquiring an additional 799,601 shares during the last quarter. State Street Corp raised its position in shares of Alliant Energy by 8.1% during the first quarter. State Street Corp now owns 13,692,321 shares of the company’s stock worth $855,496,000 after acquiring an additional 1,021,148 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Alliant Energy by 3.3% during the third quarter. Victory Capital Management Inc. now owns 8,689,427 shares of the company’s stock worth $421,003,000 after acquiring an additional 278,406 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its position in shares of Alliant Energy by 3.1% during the second quarter. Nuveen Asset Management LLC now owns 6,650,742 shares of the company’s stock worth $349,031,000 after acquiring an additional 199,235 shares during the last quarter. 77.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Barclays reaffirmed an “equal weight” rating and set a $53.00 target price (up previously from $50.00) on shares of Alliant Energy in a research note on Tuesday, January 2nd. BMO Capital Markets cut Alliant Energy from an “outperform” rating to a “market perform” rating and set a $55.00 target price for the company. in a research note on Thursday, January 11th. Finally, Scotiabank raised Alliant Energy from a “sector perform” rating to a “sector outperform” rating and reduced their price objective for the company from $60.00 to $59.00 in a research note on Monday, October 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $54.06.

Read Our Latest Stock Analysis on Alliant Energy

Alliant Energy Stock Performance

Shares of Alliant Energy stock opened at $47.93 on Monday. The business’s fifty day simple moving average is $50.34 and its 200 day simple moving average is $50.22. The firm has a market capitalization of $12.23 billion, a P/E ratio of 17.49, a price-to-earnings-growth ratio of 2.53 and a beta of 0.56. Alliant Energy Co. has a 12 month low of $45.15 and a 12 month high of $56.26. The company has a current ratio of 0.71, a quick ratio of 0.54 and a debt-to-equity ratio of 1.25.

Alliant Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be paid a $0.48 dividend. The ex-dividend date is Tuesday, January 30th. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.45. This represents a $1.92 annualized dividend and a dividend yield of 4.01%. Alliant Energy’s payout ratio is presently 70.07%.

Alliant Energy Profile

(Free Report)

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services. It operates through 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.

See Also

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Institutional Ownership by Quarter for Alliant Energy (NASDAQ:LNT)

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