Buck Wealth Strategies LLC Boosts Position in Alliant Energy Co. (NASDAQ:LNT)

Buck Wealth Strategies LLC lifted its position in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) by 69.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,584 shares of the company's stock after acquiring an additional 5,552 shares during the quarter. Buck Wealth Strategies LLC's holdings in Alliant Energy were worth $803,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in LNT. Centennial Wealth Advisory LLC boosted its position in shares of Alliant Energy by 10.2% during the 4th quarter. Centennial Wealth Advisory LLC now owns 7,087 shares of the company's stock worth $419,000 after purchasing an additional 654 shares in the last quarter. Money Concepts Capital Corp boosted its holdings in Alliant Energy by 3.2% during the fourth quarter. Money Concepts Capital Corp now owns 63,748 shares of the company's stock worth $3,770,000 after buying an additional 1,974 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Alliant Energy by 37.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,690 shares of the company's stock worth $1,529,000 after buying an additional 6,935 shares during the period. Spirit of America Management Corp NY increased its holdings in Alliant Energy by 15.4% in the fourth quarter. Spirit of America Management Corp NY now owns 5,250 shares of the company's stock valued at $310,000 after buying an additional 700 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its position in shares of Alliant Energy by 1.2% during the 4th quarter. Yousif Capital Management LLC now owns 50,770 shares of the company's stock valued at $3,003,000 after acquiring an additional 588 shares during the period. 79.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on LNT. Barclays lowered their price target on Alliant Energy from $61.00 to $59.00 and set an "equal weight" rating on the stock in a report on Wednesday, November 6th. BMO Capital Markets dropped their price target 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. Wells Fargo & Company decreased their price objective on shares of Alliant Energy from $66.00 to $65.00 and set an "overweight" rating on the stock in a research report on Monday, November 4th. Finally, Scotiabank downgraded shares of 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 report on Thursday, December 12th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Alliant Energy presently has a consensus rating of "Hold" and an average target price of $63.39.

Alliant Energy Trading Up 0.6 %

Shares of NASDAQ LNT traded up $0.36 during midday trading on Monday, reaching $59.83. 659,132 shares of the stock were exchanged, compared to its average volume of 1,374,726. The stock has a 50 day moving average price of $59.42 and a 200-day moving average price of $59.34. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $15.35 billion, a P/E ratio of 23.19, a P/E/G ratio of 2.73 and a beta of 0.60. Alliant Energy Co. has a 52-week low of $46.80 and a 52-week high of $64.19.

Alliant Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st will be issued a $0.5075 dividend. The ex-dividend date of this dividend is Friday, January 31st. This is an increase from Alliant Energy's previous quarterly dividend of $0.48. This represents a $2.03 annualized dividend and a yield of 3.39%. Alliant Energy's payout ratio is 78.68%.

Alliant Energy Company 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.