Sumitomo Mitsui Trust Group Inc. Has $36.40 Million Stock Position in Alliant Energy Co. (NASDAQ:LNT)

Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) by 4.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 615,474 shares of the company's stock after buying an additional 26,730 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.24% of Alliant Energy worth $36,399,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Janus Henderson Group PLC grew its holdings in shares of Alliant Energy by 0.6% during the third quarter. Janus Henderson Group PLC now owns 10,691,172 shares of the company's stock valued at $648,847,000 after buying an additional 65,110 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Alliant Energy by 1.4% during the third quarter. Geode Capital Management LLC now owns 6,593,166 shares of the company's stock valued at $398,880,000 after buying an additional 92,525 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Alliant Energy by 8.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,512,770 shares of the company's stock valued at $395,260,000 after buying an additional 512,429 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Alliant Energy by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,216,475 shares of the company's stock valued at $134,518,000 after buying an additional 14,225 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its holdings in shares of Alliant Energy by 92.7% during the third quarter. Point72 Asset Management L.P. now owns 1,604,272 shares of the company's stock valued at $97,363,000 after buying an additional 771,919 shares in the last quarter. Hedge funds and other institutional investors own 79.90% of the company's stock.

Alliant Energy Stock Up 0.4 %

Shares of NASDAQ:LNT traded up $0.23 on Friday, reaching $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 twelve month low of $46.80 and a twelve month high of $64.19. The stock has a 50-day moving average price of $59.32 and a 200 day moving average price of $59.46. The stock has a market capitalization of $15.74 billion, a P/E ratio of 23.77, a P/E/G ratio of 2.73 and a beta of 0.60. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33.

Alliant Energy Increases Dividend

The business 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 $0.5075 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.31%. This is a boost from Alliant Energy's previous quarterly dividend of $0.48. Alliant Energy's payout ratio is currently 78.68%.

Analysts Set New Price Targets

A number of brokerages have commented on LNT. Barclays lowered their target price on Alliant Energy from $61.00 to $59.00 and set an "equal weight" rating on the stock in a research note on Wednesday, November 6th. Scotiabank downgraded Alliant Energy from a "sector outperform" rating to a "sector perform" rating and boosted their target price for the company from $64.00 to $67.00 in a research note on Thursday, December 12th. Wells Fargo & Company lowered their target price 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. Finally, BMO Capital Markets lowered their target price on Alliant Energy from $65.00 to $61.00 and set a "market perform" rating on the stock in a research note on Monday, November 4th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Alliant Energy presently has an average rating of "Hold" and an average price target 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.