Mutual of America Capital Management LLC Boosts Position in Alliant Energy Co. (NASDAQ:LNT)

Mutual of America Capital Management LLC grew its stake in Alliant Energy Co. (NASDAQ:LNTGet Rating) by 0.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 33,056 shares of the company’s stock after purchasing an additional 222 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Alliant Energy were worth $2,032,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of LNT. Wellington Management Group LLP boosted its holdings in shares of Alliant Energy by 1.2% in the third quarter. Wellington Management Group LLP now owns 1,325,452 shares of the company’s stock valued at $74,198,000 after purchasing an additional 15,548 shares during the period. United Capital Financial Advisers LLC bought a new stake in shares of Alliant Energy in the third quarter valued at about $9,807,000. Robeco Institutional Asset Management B.V. lifted its stake in Alliant Energy by 39.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 52,958 shares of the company’s stock worth $3,256,000 after acquiring an additional 14,932 shares during the last quarter. Stratos Wealth Partners LTD. acquired a new position in shares of Alliant Energy during the fourth quarter worth $215,000. Finally, Sit Investment Associates Inc. increased its holdings in shares of Alliant Energy by 12.4% in the 3rd quarter. Sit Investment Associates Inc. now owns 182,975 shares of the company’s stock valued at $10,243,000 after acquiring an additional 20,133 shares during the last quarter. 74.42% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ LNT opened at $63.12 on Friday. The stock has a fifty day moving average price of $60.88 and a 200 day moving average price of $59.05. Alliant Energy Co. has a 1-year low of $54.46 and a 1-year high of $65.37. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.52 and a quick ratio of 0.40. The company has a market cap of $15.83 billion, a PE ratio of 24.09, a P/E/G ratio of 3.87 and a beta of 0.44.

Alliant Energy (NASDAQ:LNTGet Rating) last released its earnings results on Thursday, February 17th. The company reported $0.35 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. Alliant Energy had a net margin of 18.37% and a return on equity of 11.44%. The company had revenue of $927.00 million during the quarter. During the same quarter last year, the business posted $0.24 EPS. Analysts anticipate that Alliant Energy Co. will post 2.74 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 16th. Stockholders of record on Friday, April 29th will be paid a dividend of $0.428 per share. This represents a $1.71 dividend on an annualized basis and a dividend yield of 2.71%. This is an increase from Alliant Energy’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, April 28th. Alliant Energy’s dividend payout ratio is 65.27%.

A number of research analysts recently issued reports on the company. Bank of America downgraded Alliant Energy from a “neutral” rating to an “underperform” rating and raised their price target for the stock from $57.00 to $60.00 in a research note on Wednesday, January 19th. Wells Fargo & Company lowered their target price on shares of Alliant Energy from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $61.50.

Alliant Energy Profile (Get Rating)

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.

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

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