Dai ichi Life Insurance Company Ltd Sells 18,000 Shares of Alliant Energy Co. (NASDAQ:LNT)

Dai ichi Life Insurance Company Ltd lowered its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 46.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,996 shares of the company’s stock after selling 18,000 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Alliant Energy were worth $1,274,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its stake in Alliant Energy by 2.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 339,408 shares of the company’s stock valued at $17,107,000 after acquiring an additional 7,100 shares during the period. Bayesian Capital Management LP bought a new stake in shares of Alliant Energy in the 1st quarter valued at approximately $289,000. Tidal Investments LLC raised its holdings in shares of Alliant Energy by 132.3% in the 1st quarter. Tidal Investments LLC now owns 11,487 shares of the company’s stock worth $579,000 after buying an additional 6,543 shares in the last quarter. Atria Investments Inc bought a new position in shares of Alliant Energy during the 1st quarter worth approximately $2,761,000. Finally, Cetera Investment Advisers lifted its position in shares of Alliant Energy by 200.8% during the 1st quarter. Cetera Investment Advisers now owns 215,821 shares of the company’s stock worth $10,877,000 after buying an additional 144,077 shares during the period. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Price Performance

LNT opened at $63.59 on Thursday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72. The stock has a market capitalization of $16.32 billion, a P/E ratio of 24.65, a price-to-earnings-growth ratio of 3.13 and a beta of 0.58. The company’s 50 day simple moving average is $60.47 and its 200-day simple moving average is $56.36. Alliant Energy Co. has a one year low of $46.80 and a one year high of $64.19.

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

Alliant Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders 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 3.02%. Alliant Energy’s payout ratio is presently 74.42%.

Wall Street Analyst Weigh In

LNT has been the subject of several recent analyst reports. Wells Fargo & Company dropped their price objective on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Barclays dropped their target price on shares of Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 6th. Scotiabank boosted their price target on shares of Alliant Energy from $58.00 to $64.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Bank of America raised their price objective on shares of Alliant Energy from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Finally, LADENBURG THALM/SH SH raised Alliant Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $50.00 to $62.50 in a report on Tuesday, August 13th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Alliant Energy currently has a consensus rating of “Hold” and a consensus price target 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.