Atria Wealth Solutions Inc. Buys 3,663 Shares of Alliant Energy Co. (NASDAQ:LNT)

Atria Wealth Solutions Inc. grew its stake in shares of Alliant Energy Co. (NASDAQ:LNTFree Report) by 15.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,830 shares of the company’s stock after acquiring an additional 3,663 shares during the period. Atria Wealth Solutions Inc.’s holdings in Alliant Energy were worth $1,348,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in LNT. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Alliant Energy by 40.5% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,358,345 shares of the company’s stock worth $281,206,000 after purchasing an additional 1,543,577 shares in the last quarter. State Street Corp lifted its holdings in shares of Alliant Energy by 8.1% in the first quarter. State Street Corp now owns 13,692,321 shares of the company’s stock worth $855,496,000 after buying an additional 1,021,148 shares in the last quarter. BlackRock Inc. boosted its position in shares of Alliant Energy by 3.5% in the first quarter. BlackRock Inc. now owns 23,504,005 shares of the company’s stock valued at $1,255,114,000 after acquiring an additional 799,601 shares during the period. Assenagon Asset Management S.A. grew its stake in Alliant Energy by 3,199.4% during the third quarter. Assenagon Asset Management S.A. now owns 728,234 shares of the company’s stock valued at $35,283,000 after acquiring an additional 706,162 shares in the last quarter. Finally, Morgan Stanley increased its holdings in Alliant Energy by 38.5% during the 4th quarter. Morgan Stanley now owns 2,505,898 shares of the company’s stock worth $138,351,000 after acquiring an additional 696,101 shares during the period. 77.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on LNT. Barclays restated an “equal weight” rating and set a $53.00 price target (up from $50.00) on shares of Alliant Energy in a research report on Tuesday, January 2nd. BMO Capital Markets cut Alliant Energy from an “outperform” rating to a “market perform” rating and set a $55.00 target price for the company. in a research report on Thursday, January 11th. Finally, Scotiabank raised Alliant Energy from a “sector perform” rating to a “sector outperform” rating and lowered their price target for the company from $60.00 to $59.00 in a report on Monday, October 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $54.06.

Check Out Our Latest Research Report on LNT

Alliant Energy Price Performance

LNT opened at $47.93 on Monday. The company has a current ratio of 0.71, a quick ratio of 0.54 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $12.23 billion, a P/E ratio of 17.49, a PEG ratio of 2.53 and a beta of 0.56. The stock has a 50-day moving average price of $50.34 and a 200-day moving average price of $50.22. Alliant Energy Co. has a 12-month low of $45.15 and a 12-month high of $56.26.

Alliant Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be paid a $0.48 dividend. The ex-dividend date is Tuesday, January 30th. This represents a $1.92 annualized dividend and a yield of 4.01%. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.45. Alliant Energy’s dividend payout ratio is currently 70.07%.

Alliant Energy Profile

(Free Report)

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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Institutional Ownership by Quarter for Alliant Energy (NASDAQ:LNT)

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