Daiwa Securities Group Inc. boosted its stake in shares of Alliant Energy Co. (NYSE:LNT) by 5.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,912 shares of the utilities provider’s stock after buying an additional 500 shares during the period. Daiwa Securities Group Inc.’s holdings in Alliant Energy were worth $377,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of LNT. Citadel Advisors LLC boosted its stake in Alliant Energy by 101.1% during the 3rd quarter. Citadel Advisors LLC now owns 2,598,627 shares of the utilities provider’s stock valued at $110,624,000 after purchasing an additional 1,306,418 shares during the last quarter. Vanguard Group Inc boosted its stake in Alliant Energy by 3.3% during the 3rd quarter. Vanguard Group Inc now owns 25,799,199 shares of the utilities provider’s stock valued at $1,098,272,000 after purchasing an additional 833,075 shares during the last quarter. Federated Investors Inc. PA purchased a new stake in Alliant Energy during the 3rd quarter valued at $34,335,000. Renaissance Technologies LLC boosted its stake in Alliant Energy by 66.4% during the 3rd quarter. Renaissance Technologies LLC now owns 1,769,113 shares of the utilities provider’s stock valued at $75,311,000 after purchasing an additional 706,113 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Alliant Energy by 41.8% in the 3rd quarter. Deutsche Bank AG now owns 1,154,951 shares of the utilities provider’s stock worth $49,162,000 after buying an additional 340,460 shares during the last quarter. Institutional investors and hedge funds own 71.12% of the company’s stock.
A number of research firms have recently issued reports on LNT. Wells Fargo & Co raised their price target on Alliant Energy from $47.00 to $49.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 30th. Barclays began coverage on Alliant Energy in a research note on Friday, January 18th. They issued an “equal weight” rating and a $45.00 price target on the stock. Bank of America downgraded Alliant Energy from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 21st. ValuEngine upgraded Alliant Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, November 21st. Finally, Zacks Investment Research upgraded Alliant Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, January 16th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Alliant Energy currently has a consensus rating of “Hold” and an average target price of $46.06.
Shares of Alliant Energy stock opened at $45.17 on Thursday. Alliant Energy Co. has a one year low of $37.85 and a one year high of $46.58. The firm has a market capitalization of $10.61 billion, a P/E ratio of 23.40, a P/E/G ratio of 3.28 and a beta of 0.18. The company has a current ratio of 0.73, a quick ratio of 0.59 and a debt-to-equity ratio of 1.15.
The business also recently announced a quarterly dividend, which was paid on Friday, February 15th. Investors of record on Thursday, January 31st were issued a $0.355 dividend. This is a boost from Alliant Energy’s previous quarterly dividend of $0.34. This represents a $1.42 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date was Wednesday, January 30th. Alliant Energy’s dividend payout ratio (DPR) is currently 73.58%.
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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.
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