Legacy Financial Group LLC bought a new position in Alliant Energy Co. (NASDAQ:LNT – Free Report) during the fourth quarter, HoldingsChannel reports. The firm bought 3,455 shares of the company’s stock, valued at approximately $204,000.
A number of other large investors also recently modified their holdings of the company. Janus Henderson Group PLC lifted its stake in Alliant Energy by 0.6% during the 3rd quarter. Janus Henderson Group PLC now owns 10,691,172 shares of the company’s stock valued at $648,847,000 after acquiring an additional 65,110 shares in the last quarter. Geode Capital Management LLC lifted its stake in Alliant Energy by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 6,593,166 shares of the company’s stock valued at $398,880,000 after acquiring an additional 92,525 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Alliant Energy by 8.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,512,770 shares of the company’s stock valued at $395,260,000 after acquiring an additional 512,429 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Alliant Energy by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,216,475 shares of the company’s stock valued at $134,518,000 after acquiring an additional 14,225 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its stake in Alliant Energy by 92.7% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,604,272 shares of the company’s stock valued at $97,363,000 after acquiring an additional 771,919 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors.
Alliant Energy Trading Up 0.1 %
Shares of LNT opened at $58.77 on Monday. The business has a 50-day moving average of $60.16 and a 200 day moving average of $58.96. Alliant Energy Co. has a fifty-two week low of $46.80 and a fifty-two week high of $64.19. The firm has a market cap of $15.08 billion, a P/E ratio of 22.78, a price-to-earnings-growth ratio of 2.77 and a beta of 0.60. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86.
Alliant Energy Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st will be issued a dividend of $0.5075 per share. This represents a $2.03 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend is Friday, January 31st. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.48. Alliant Energy’s payout ratio is presently 74.42%.
Analyst Ratings Changes
Several equities analysts have weighed in on the company. Mizuho raised their price objective on Alliant Energy from $52.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, October 4th. Wells Fargo & Company dropped their price objective on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Scotiabank lowered Alliant Energy from a “sector outperform” rating to a “sector perform” rating and raised their target price for the company from $64.00 to $67.00 in a research report on Thursday, December 12th. BMO Capital Markets decreased their target price on Alliant Energy from $65.00 to $61.00 and set a “market perform” rating for the company in a research report on Monday, November 4th. Finally, Barclays decreased their target price on 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. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Alliant Energy currently has an average rating of “Hold” and a consensus target price of $63.39.
View Our Latest Analysis on Alliant Energy
Alliant Energy 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.
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