State of Alaska Department of Revenue trimmed its holdings in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) by 20.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,263 shares of the company's stock after selling 7,644 shares during the period. State of Alaska Department of Revenue's holdings in Alliant Energy were worth $1,730,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LNT. Larson Financial Group LLC grew its holdings in Alliant Energy by 7,083.3% during the 3rd quarter. Larson Financial Group LLC now owns 431 shares of the company's stock worth $26,000 after acquiring an additional 425 shares in the last quarter. Northwest Investment Counselors LLC bought a new stake in shares of Alliant Energy in the 3rd quarter valued at about $28,000. Eastern Bank bought a new stake in shares of Alliant Energy in the 3rd quarter valued at about $30,000. JNBA Financial Advisors bought a new stake in shares of Alliant Energy in the 3rd quarter valued at about $31,000. Finally, ORG Partners LLC boosted its holdings in shares of Alliant Energy by 517.0% in the 4th quarter. ORG Partners LLC now owns 617 shares of the company's stock valued at $36,000 after buying an additional 517 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors.
Alliant Energy Stock Performance
Shares of Alliant Energy stock traded up $0.23 during midday trading on Friday, hitting $61.33. The company had a trading volume of 2,146,163 shares, compared to its average volume of 1,362,455. Alliant Energy Co. has a 12-month low of $46.80 and a 12-month high of $64.19. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. The stock has a market cap of $15.74 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 2.73 and a beta of 0.60. The company has a fifty day simple moving average of $59.32 and a 200 day simple moving average of $59.46.
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 given a dividend of $0.5075 per share. The ex-dividend date is Friday, January 31st. This is a positive change from Alliant Energy's previous quarterly dividend of $0.48. This represents a $2.03 dividend on an annualized basis and a yield of 3.31%. Alliant Energy's dividend payout ratio (DPR) is currently 78.68%.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. BMO Capital Markets lowered their price target on shares of Alliant Energy from $65.00 to $61.00 and set a "market perform" rating on the stock in a report on Monday, November 4th. Barclays lowered their price target on shares of Alliant Energy from $61.00 to $59.00 and set an "equal weight" rating on the stock in a report on Wednesday, November 6th. Wells Fargo & Company lowered their price target on shares of Alliant Energy from $66.00 to $65.00 and set an "overweight" rating on the stock in a report on Monday, November 4th. Finally, Scotiabank lowered shares of Alliant Energy from a "sector outperform" rating to a "sector perform" rating and increased their price objective for the company from $64.00 to $67.00 in a research report on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Alliant Energy has a consensus rating of "Hold" and a consensus target price of $63.39.
Check Out Our Latest Research Report on LNT
Alliant Energy Company Profile
(
Free Report)
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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