AE Wealth Management LLC lifted its holdings in Alliant Energy Co. (NASDAQ:LNT – Free Report) by 3.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 301,352 shares of the company’s stock after acquiring an additional 10,438 shares during the period. AE Wealth Management LLC owned 0.12% of Alliant Energy worth $15,815,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Alliant Energy by 20.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,533 shares of the company’s stock worth $2,111,000 after acquiring an additional 6,782 shares during the period. Dividend Assets Capital LLC lifted its position in shares of Alliant Energy by 100.0% in the fourth quarter. Dividend Assets Capital LLC now owns 1,520 shares of the company’s stock worth $84,000 after buying an additional 760 shares in the last quarter. Roundview Capital LLC purchased a new stake in shares of Alliant Energy in the first quarter worth about $252,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Alliant Energy by 1.4% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,679 shares of the company’s stock worth $1,158,000 after buying an additional 290 shares in the last quarter. Finally, Avestar Capital LLC lifted its position in shares of Alliant Energy by 43.0% in the first quarter. Avestar Capital LLC now owns 6,896 shares of the company’s stock worth $368,000 after buying an additional 2,075 shares in the last quarter. Institutional investors own 77.52% of the company’s stock.
Alliant Energy Trading Down 0.6 %
Shares of LNT stock opened at $51.78 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.60 and a quick ratio of 0.44. The stock’s 50 day simple moving average is $51.97 and its two-hundred day simple moving average is $52.96. Alliant Energy Co. has a 1 year low of $47.19 and a 1 year high of $62.05. The company has a market cap of $13.09 billion, a PE ratio of 19.76, a price-to-earnings-growth ratio of 2.81 and a beta of 0.57.
Alliant Energy Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st were issued a $0.4525 dividend. The ex-dividend date of this dividend was Friday, July 28th. This represents a $1.81 annualized dividend and a dividend yield of 3.50%. Alliant Energy’s payout ratio is 69.08%.
Wall Street Analysts Forecast Growth
LNT has been the topic of a number of research analyst reports. BMO Capital Markets decreased their target price on Alliant Energy from $58.00 to $54.00 and set an “outperform” rating on the stock in a research report on Thursday, September 7th. StockNews.com initiated coverage on Alliant Energy in a research report on Wednesday, August 23rd. They issued a “sell” rating on the stock. 888 reiterated an “upgrade” rating on shares of Alliant Energy in a research report on Monday, June 26th. Bank of America upgraded Alliant Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $55.00 to $58.00 in a research report on Monday, June 26th. Finally, Guggenheim decreased their target price on Alliant Energy from $52.00 to $49.00 in a research report on Friday, July 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Alliant Energy has an average rating of “Hold” and an average price target of $54.31.
Alliant Energy Company Profile
Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services. It operates through 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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