California State Teachers Retirement System Sells 13,857 Shares of Alliant Energy Co. (NASDAQ:LNT)

California State Teachers Retirement System decreased its holdings in Alliant Energy Co. (NASDAQ:LNT - Free Report) by 4.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 304,698 shares of the company's stock after selling 13,857 shares during the quarter. California State Teachers Retirement System owned approximately 0.12% of Alliant Energy worth $18,020,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in Alliant Energy during the 4th quarter worth approximately $29,000. Larson Financial Group LLC lifted its position in Alliant Energy by 67.5% during the 4th quarter. Larson Financial Group LLC now owns 722 shares of the company's stock worth $43,000 after acquiring an additional 291 shares in the last quarter. WASHINGTON TRUST Co lifted its position in Alliant Energy by 251.2% during the 4th quarter. WASHINGTON TRUST Co now owns 878 shares of the company's stock worth $52,000 after acquiring an additional 628 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in Alliant Energy during the 4th quarter worth approximately $53,000. Finally, Optiver Holding B.V. lifted its position in Alliant Energy by 382.5% during the 4th quarter. Optiver Holding B.V. now owns 912 shares of the company's stock worth $54,000 after acquiring an additional 723 shares in the last quarter. Hedge funds and other institutional investors own 79.90% of the company's stock.

Alliant Energy Stock Performance

NASDAQ LNT traded down $0.29 during trading on Monday, hitting $61.94. The company's stock had a trading volume of 1,010,256 shares, compared to its average volume of 1,688,795. 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 firm has a 50 day moving average price of $61.49 and a 200 day moving average price of $61.13. The firm has a market cap of $15.91 billion, a P/E ratio of 23.03, a price-to-earnings-growth ratio of 2.83 and a beta of 0.58. Alliant Energy Co. has a 52 week low of $49.25 and a 52 week high of $66.54.

Alliant Energy (NASDAQ:LNT - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.12. The business had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.09 billion. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. Alliant Energy's quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.62 earnings per share. Equities research analysts forecast that Alliant Energy Co. will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were paid a $0.5075 dividend. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend was Wednesday, April 30th. Alliant Energy's dividend payout ratio (DPR) is currently 70.00%.

Analyst Ratings Changes

A number of equities analysts have issued reports on LNT shares. Barclays lowered Alliant Energy from an "equal weight" rating to an "underweight" rating and upped their target price for the company from $59.00 to $61.00 in a research report on Tuesday, April 22nd. UBS Group upped their target price on Alliant Energy from $65.00 to $68.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. BMO Capital Markets cut their target price on Alliant Energy from $66.00 to $64.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd. Guggenheim reaffirmed a "neutral" rating and issued a $57.00 target price on shares of Alliant Energy in a research report on Monday, February 24th. Finally, Wall Street Zen raised Alliant Energy from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Alliant Energy presently has an average rating of "Hold" and an average target price of $63.95.

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.