Pacer Advisors Inc. Sells 32,279 Shares of Alliant Energy Co. (NASDAQ:LNT)

Pacer Advisors Inc. reduced its position in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) by 38.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,910 shares of the company's stock after selling 32,279 shares during the period. Pacer Advisors Inc.'s holdings in Alliant Energy were worth $3,070,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Massmutual Trust Co. FSB ADV grew its holdings in shares of Alliant Energy by 7.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,605 shares of the company's stock worth $158,000 after acquiring an additional 174 shares during the last quarter. RDA Financial Network boosted its position in shares of Alliant Energy by 2.4% in the 4th quarter. RDA Financial Network now owns 7,990 shares of the company's stock valued at $473,000 after purchasing an additional 184 shares during the period. Empirical Finance LLC increased its stake in Alliant Energy by 2.2% in the 3rd quarter. Empirical Finance LLC now owns 8,637 shares of the company's stock worth $524,000 after purchasing an additional 189 shares in the last quarter. Centennial Wealth Advisory LLC raised its holdings in Alliant Energy by 4.0% during the 3rd quarter. Centennial Wealth Advisory LLC now owns 6,433 shares of the company's stock worth $390,000 after buying an additional 250 shares during the period. Finally, Bleakley Financial Group LLC lifted its stake in Alliant Energy by 3.0% during the third quarter. Bleakley Financial Group LLC now owns 8,744 shares of the company's stock valued at $531,000 after buying an additional 251 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors.

Alliant Energy Stock Down 0.1 %

Shares of NASDAQ LNT traded down $0.03 during trading hours on Tuesday, hitting $59.24. The stock had a trading volume of 1,073,724 shares, compared to its average volume of 1,439,837. The company has a market capitalization of $15.20 billion, a P/E ratio of 22.96, a P/E/G ratio of 2.70 and a beta of 0.60. The firm's 50-day moving average price is $59.73 and its two-hundred day moving average price is $59.22. 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 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. Stockholders of record on Friday, January 31st will be paid a dividend of $0.5075 per share. This is a positive change from Alliant Energy's previous quarterly dividend of $0.48. The ex-dividend date is Friday, January 31st. This represents a $2.03 annualized dividend and a dividend yield of 3.43%. Alliant Energy's dividend payout ratio is 78.68%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on LNT shares. BMO Capital Markets dropped their target price on shares of Alliant Energy from $65.00 to $61.00 and set a "market perform" rating on the stock in a research report on Monday, November 4th. Barclays lowered their price objective on shares of Alliant Energy from $61.00 to $59.00 and set an "equal weight" rating on the stock in a research report on Wednesday, November 6th. Scotiabank lowered Alliant Energy from a "sector outperform" rating to a "sector perform" rating and increased their target price for the company from $64.00 to $67.00 in a report on Thursday, December 12th. Finally, Wells Fargo & Company lowered their price target on Alliant Energy from $66.00 to $65.00 and set an "overweight" rating on the stock in a report on Monday, November 4th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Alliant Energy has a consensus rating of "Hold" and a consensus target price of $63.39.

About Alliant Energy

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.