MetLife Investment Management LLC Has $4.05 Million Holdings in Alliant Energy Co. (NASDAQ:LNT)

MetLife Investment Management LLC lessened its position in Alliant Energy Co. (NASDAQ:LNT) by 2.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,688 shares of the company’s stock after selling 1,689 shares during the quarter. MetLife Investment Management LLC’s holdings in Alliant Energy were worth $4,047,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tidal Investments LLC lifted its position in shares of Alliant Energy by 132.3% during the 1st quarter. Tidal Investments LLC now owns 11,487 shares of the company’s stock worth $579,000 after purchasing an additional 6,543 shares during the last quarter. Cetera Investment Advisers increased its position in Alliant Energy by 200.8% during the first quarter. Cetera Investment Advisers now owns 215,821 shares of the company’s stock worth $10,877,000 after acquiring an additional 144,077 shares during the period. Cetera Advisors LLC increased its position in Alliant Energy by 168.5% during the first quarter. Cetera Advisors LLC now owns 51,259 shares of the company’s stock worth $2,583,000 after acquiring an additional 32,166 shares during the period. DekaBank Deutsche Girozentrale increased its position in Alliant Energy by 2.8% during the first quarter. DekaBank Deutsche Girozentrale now owns 52,049 shares of the company’s stock worth $2,609,000 after acquiring an additional 1,420 shares during the period. Finally, Massmutual Trust Co. FSB ADV raised its stake in Alliant Energy by 20.6% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 2,431 shares of the company’s stock valued at $124,000 after purchasing an additional 416 shares during the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Stock Performance

Alliant Energy stock opened at $62.28 on Tuesday. The firm has a market capitalization of $15.98 billion, a P/E ratio of 24.15, a P/E/G ratio of 3.13 and a beta of 0.59. The stock has a fifty day moving average price of $60.62 and a two-hundred day moving average price of $56.56. Alliant Energy Co. has a 52-week low of $46.80 and a 52-week high of $64.19. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72.

Alliant Energy (NASDAQ:LNT) last announced its earnings results on Thursday, October 31st. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.05. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Alliant Energy had a net margin of 16.66% and a return on equity of 10.56%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the company posted $1.05 EPS. As a group, analysts anticipate that Alliant Energy Co. will post 3.04 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.92 dividend on an annualized basis and a yield of 3.08%. Alliant Energy’s dividend payout ratio (DPR) is presently 74.42%.

Analyst Ratings Changes

LNT has been the subject of a number of research analyst reports. Wells Fargo & Company cut their price objective on shares of Alliant Energy from $66.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Jefferies Financial Group initiated coverage on Alliant Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $67.00 price objective for the company. Mizuho lifted their price objective on Alliant Energy from $52.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, October 4th. UBS Group upped their target price on Alliant Energy from $64.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Finally, BMO Capital Markets decreased their price target on shares of Alliant Energy from $65.00 to $61.00 and set a “market perform” rating on the stock in a research note on Monday, November 4th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Alliant Energy currently has an average rating of “Hold” and a consensus target price of $63.06.

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.