In a recent disclosure to the Securities and Exchange Commission (SEC), Nisa Investment Advisors LLC announced that it reduced its position in Alliant Energy Co. by 5.6% in the fourth quarter. Nisa Investment Advisors LLC sold 12,374 shares in the company, leaving 207,412 shares, according to the disclosure. The move effectively reduced Nisa Investment Advisors LLC’s ownership of Alliant Energy Co. to approximately 0.08%, with the remaining stake reaching a valuation of $11,451,000 at the end of the previous quarter.
Headquartered in Madison, Wisconsin, Alliant Energy Corp. is an investor-owned utility holding company and is regulated under the Public Utility Act. The company provides regulated power and natural gas services to customers in the Midwest through his two utility subsidiaries, Electric and Gas.
Alliant Energy Corp.’s business is divided into four segments: Electricity Business, Gas Business, Other Business, Non-Business and Other. The Electricity Business segment generates and distributes electrical energy and provides transmission services to customers within Alliant Energy Corp.’s service territory.
Similarly, the Gas Operations segment operates regulated natural gas distribution systems that supply natural gas to residential and commercial customers in Iowa and southern Minnesota.
In addition, Alliant Energy Corp.’s Other Utilities segment owns a steam plant located in Dubuque, Iowa.
Finally, the Non-Utility and Other segment engages in other activities such as office space or warehouse leasing activities. Raising money from third-party investors for use in renewable energy projects. Providing IT support services. Maintenance of company-owned real estate. Develop relationships with other energy providers. Sale of surplus equipment.
NASDAQ:LNT opened at $55.03 on Friday with a market cap of $13.83 billion. Over the past year, the stock has experienced volatility with a P/E ratio of 20.16 and a P/E/G ratio of 3.09 while maintaining a beta of 0.55.
The company has a 50-day moving average price of $53.38 and a 200-day moving average price of $53.70. Alliant Energy Co. stock hit a one-year low of $47.19 and a high of $65.26 over the same period.
Alliant Energy Co. has a debt-to-equity ratio of 1.22, a current ratio of 0.53 and a quick ratio of 0.39.
Overall, Nisa Investment Advisors LLC’s decision to cut its stake in Alliant Energy Co. is a reflection of the energy company’s volatility over the past year due to global economic uncertainty and increased competition within the industry. Given , it looks like a calculated movement. It causes fluctuations in stock prices on the world’s stock exchanges. This sale by Nisa Investors Advisors LLC does not mean that Alliant Energy Corp. will significantly reduce or weaken its credibility, but investors will appreciate Alliant Energy, including through cost reduction initiatives and digital transformation strategies. We remain optimistic about Corp.’s future growth prospects. It is geared towards core segment expansion and profitability for viability in both local and regional market scenarios. Established modern practices for robust resilience Enhanced agility for strategic positioning Deep-rooted through superior productivity approaches to weather disruptions without compromising quality of response attributes across key offerings Strategically promote stability. Trust-backed partnerships that ultimately create higher value-added opportunities are essential to the dynamic operating model desired by important energy companies such as Alliant Energy Co.
Institutional Investor Gains New Position at Alliant Energy, Equity Research Analyst Issues Various Ratings
Alliant Energy Corp. is a utility holding company that provides regulated power and natural gas services to customers in the Midwest. Several institutional investors recently changed their stake in the company by acquiring new shares. James Investment Research Inc., Romano Brothers and Company, Accurate Wealth Management LLC, GPS Wealth Strategies Group LLC, and Guardian Wealth Advisors LLC all received valuations between $25,000 and $36,000 in the third and fourth quarters of 2016. I have acquired a new position at Alliant Energy. Overall, the institutional investor now owns his 75.89% of the company’s shares.
Despite these acquisitions by institutional investors, some equity research analysts recently downgraded Alliant Energy’s rating from ‘buy’ to ‘buy’ after the price target was lowered from $64.00 to $55.00 in January 2017. issued a report that it was lowered to neutral. However, analysts at Guggenheim raised the price target from $46.00 to $52.00 and upgraded Alliant Energy’s rating from “sold” to “neutral.”
Alliant Energy reported final results on Feb. 24, posting quarterly EPS of $0.46, lower than expected ($0.01) per share, but compared to estimates of about $875 million. generated more than $1 billion in revenue and increased return on equity. (11.31%) and net profit (16.32%). Analysts expect Alliant Energy Co.’s EPS to be about 2.9 this year.
Finally, Alliant Energy announced that it will pay a quarterly dividend on May 15th. Investors said he received a record payout of $0.04525 per share on April 28, resulting in an annual dividend of over $1.80 per share and an annual yield of up to 3.29%. With a payout ratio of 66.30%, Alliant Energy offers investors solid returns and high yields.