State of New Jersey Common Pension Fund D Has $6.09 Million Stake in Alliant Energy Co. (NASDAQ:LNT)

State of New Jersey Common Pension Fund D lowered its position in Alliant Energy Co. (NASDAQ:LNTFree Report) by 5.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 125,694 shares of the company’s stock after selling 7,231 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Alliant Energy were worth $6,090,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Alliant Energy in the third quarter worth $45,000. HighTower Advisors LLC increased its holdings in shares of Alliant Energy by 3.6% in the third quarter. HighTower Advisors LLC now owns 41,460 shares of the company’s stock worth $2,004,000 after purchasing an additional 1,439 shares during the period. Pathstone Family Office LLC bought a new position in shares of Alliant Energy in the third quarter worth $743,000. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Alliant Energy by 13.9% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 18,044 shares of the company’s stock worth $874,000 after purchasing an additional 2,206 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Alliant Energy by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,055,089 shares of the company’s stock worth $99,569,000 after purchasing an additional 41,291 shares during the period. Institutional investors own 77.52% of the company’s stock.

Alliant Energy Stock Performance

NASDAQ LNT opened at $48.46 on Tuesday. The company has a 50-day simple moving average of $50.28 and a two-hundred day simple moving average of $50.18. The company has a quick ratio of 0.54, a current ratio of 0.71 and a debt-to-equity ratio of 1.25. Alliant Energy Co. has a 12-month low of $45.15 and a 12-month high of $56.26. The firm has a market cap of $12.37 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 2.53 and a beta of 0.56.

Alliant Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.96%. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, January 30th. Alliant Energy’s dividend payout ratio is presently 70.07%.

Analysts Set New Price Targets

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

Read Our Latest Stock Report on Alliant Energy

About Alliant Energy

(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.

Read More

Want to see what other hedge funds are holding LNT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alliant Energy Co. (NASDAQ:LNTFree Report).

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

Receive News & Ratings for Alliant Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliant Energy and related companies with MarketBeat.com's FREE daily email newsletter.