Alliant Energy Co. (LNT) Shares Sold by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board lowered its holdings in Alliant Energy Co. (NYSE:LNT) by 65.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,331 shares of the utilities provider’s stock after selling 24,783 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Alliant Energy were worth $568,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. AT Bancorp raised its holdings in shares of Alliant Energy by 9.9% in the 2nd quarter. AT Bancorp now owns 13,321 shares of the utilities provider’s stock valued at $564,000 after buying an additional 1,200 shares during the period. Chicago Capital LLC raised its holdings in shares of Alliant Energy by 5.4% in the 3rd quarter. Chicago Capital LLC now owns 24,848 shares of the utilities provider’s stock valued at $1,058,000 after buying an additional 1,275 shares during the period. UMB Bank N A MO raised its holdings in shares of Alliant Energy by 2.5% in the 3rd quarter. UMB Bank N A MO now owns 56,422 shares of the utilities provider’s stock valued at $2,402,000 after buying an additional 1,400 shares during the period. Commerzbank Aktiengesellschaft FI raised its holdings in shares of Alliant Energy by 26.9% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 6,648 shares of the utilities provider’s stock valued at $281,000 after buying an additional 1,411 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its holdings in shares of Alliant Energy by 1.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 115,081 shares of the utilities provider’s stock valued at $4,899,000 after buying an additional 1,513 shares during the period. Institutional investors own 71.63% of the company’s stock.

Several equities research analysts recently issued reports on LNT shares. UBS Group boosted their price objective on Alliant Energy from $43.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, August 10th. Mizuho reiterated a “hold” rating and issued a $44.50 price objective on shares of Alliant Energy in a report on Thursday. Bank of America cut Alliant Energy from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 21st. Wells Fargo & Co boosted their target price on Alliant Energy from $45.00 to $47.00 and gave the stock a “market perform” rating in a research note on Monday, September 17th. Finally, ValuEngine cut Alliant Energy from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $45.42.

In related news, Director Deborah B. Dunie bought 1,250 shares of the stock in a transaction that occurred on Thursday, September 13th. The stock was purchased at an average cost of $43.80 per share, with a total value of $54,750.00. Following the purchase, the director now directly owns 12,300 shares of the company’s stock, valued at approximately $538,740. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.25% of the company’s stock.

LNT opened at $45.39 on Friday. Alliant Energy Co. has a 12 month low of $36.84 and a 12 month high of $46.05. The firm has a market cap of $10.71 billion, a P/E ratio of 21.31, a P/E/G ratio of 3.54 and a beta of 0.16. The company has a quick ratio of 0.59, a current ratio of 0.73 and a debt-to-equity ratio of 1.15.

Alliant Energy (NYSE:LNT) last released its earnings results on Tuesday, November 6th. The utilities provider reported $0.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.01. Alliant Energy had a return on equity of 11.69% and a net margin of 15.09%. The firm had revenue of $928.60 million during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the previous year, the firm posted $0.75 EPS. Alliant Energy’s revenue for the quarter was up 2.4% on a year-over-year basis. As a group, research analysts forecast that Alliant Energy Co. will post 2.15 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Wednesday, October 31st were paid a dividend of $0.335 per share. The ex-dividend date was Tuesday, October 30th. This represents a $1.34 annualized dividend and a yield of 2.95%. Alliant Energy’s payout ratio is 69.43%.

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Alliant Energy Profile

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the Midwest region of the United States. It operates through three segments: Electric, Gas, and 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.

Further Reading: Are Wall Street analysts’ stock ratings worth following?

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

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