Van ECK Associates Corp Purchases 64,314 Shares of Alliant Energy Co. (NASDAQ:LNT)

Van ECK Associates Corp increased its holdings in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) by 87.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 137,813 shares of the company's stock after purchasing an additional 64,314 shares during the period. Van ECK Associates Corp owned 0.05% of Alliant Energy worth $8,150,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. boosted its position in Alliant Energy by 92.7% in the 3rd 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 during the last quarter. Jennison Associates LLC acquired a new stake in Alliant Energy during the fourth quarter worth about $32,225,000. Massachusetts Financial Services Co. MA raised its stake in 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 worth $395,260,000 after acquiring an additional 512,429 shares during the period. Retirement Systems of Alabama raised its stake in Alliant Energy by 698.3% during the third quarter. Retirement Systems of Alabama now owns 451,477 shares of the company's stock worth $27,400,000 after acquiring an additional 394,920 shares during the period. Finally, Weiss Asset Management LP acquired a new stake in Alliant Energy during the third quarter worth about $10,705,000. 79.90% of the stock is owned by hedge funds and other institutional investors.

Alliant Energy Trading Down 0.0 %

Alliant Energy stock traded down $0.03 during midday trading on Thursday, reaching $61.62. The stock had a trading volume of 3,246,987 shares, compared to its average volume of 1,561,981. The firm's fifty day simple moving average is $59.37 and its two-hundred day simple moving average is $59.59. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72. Alliant Energy Co. has a twelve month low of $46.80 and a twelve month high of $64.19. The firm has a market cap of $15.81 billion, a price-to-earnings ratio of 23.88, a PEG ratio of 2.83 and a beta of 0.60.

Alliant Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 31st were issued a $0.5075 dividend. This is a positive change from Alliant Energy's previous quarterly dividend of $0.48. This represents a $2.03 annualized dividend and a yield of 3.29%. The ex-dividend date was Friday, January 31st. Alliant Energy's payout ratio is 78.68%.

Wall Street Analyst Weigh In

LNT has been the topic of several research reports. BMO Capital Markets dropped their price objective on shares of 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. Scotiabank lowered shares of Alliant Energy from a "sector outperform" rating to a "sector perform" rating and increased their price objective for the stock from $64.00 to $67.00 in a research note on Thursday, December 12th. Wells Fargo & Company dropped their price target on shares of 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, Barclays dropped 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 research note on Wednesday, November 6th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $63.39.

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.