Quantitative Investment Management LLC decreased its stake in Alliant Energy Co. (NYSE:LNT) by 39.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 119,400 shares of the utilities provider’s stock after selling 78,500 shares during the period. Quantitative Investment Management LLC owned 0.05% of Alliant Energy worth $5,087,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Field & Main Bank bought a new stake in shares of Alliant Energy in the 4th quarter worth approximately $169,000. Linscomb & Williams Inc. bought a new stake in shares of Alliant Energy in the 4th quarter worth approximately $213,000. Security National Bank bought a new stake in shares of Alliant Energy in the 4th quarter worth approximately $213,000. Independent Advisor Alliance bought a new stake in shares of Alliant Energy in the 3rd quarter worth approximately $211,000. Finally, Keybank National Association OH bought a new stake in shares of Alliant Energy in the 3rd quarter worth approximately $213,000. 69.92% of the stock is currently owned by institutional investors and hedge funds.
Shares of Alliant Energy Co. (LNT) opened at $39.30 on Wednesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.32 and a current ratio of 0.42. The firm has a market capitalization of $9,071.48, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 3.51 and a beta of 0.37. Alliant Energy Co. has a 12 month low of $36.84 and a 12 month high of $45.55.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st were paid a dividend of $0.335 per share. The ex-dividend date was Tuesday, January 30th. This represents a $1.34 annualized dividend and a yield of 3.41%. This is an increase from Alliant Energy’s previous quarterly dividend of $0.32. Alliant Energy’s payout ratio is presently 67.34%.
Alliant Energy announced that its Board of Directors has authorized a stock repurchase plan on Monday, January 15th that allows the company to buyback outstanding shares. This buyback authorization allows the utilities provider to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.
Several analysts recently issued reports on the company. Zacks Investment Research downgraded Alliant Energy from a “hold” rating to a “sell” rating in a report on Wednesday, January 24th. Wells Fargo & Co reissued a “market perform” rating and issued a $43.00 price target (down previously from $47.00) on shares of Alliant Energy in a report on Monday, February 26th. UBS Group assumed coverage on Alliant Energy in a report on Friday, February 2nd. They issued a “neutral” rating and a $40.00 price target on the stock. Finally, Guggenheim reissued a “hold” rating and issued a $43.00 price target on shares of Alliant Energy in a report on Wednesday, January 3rd. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $42.83.
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Alliant Energy Profile
Alliant Energy Corporation operates as a regulated investor-owned public utility holding company. The Company’s segments include Utility and Non-regulated, Parent and Other. The Utility segment includes the operations of Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL), which serve retail customers in Iowa and Wisconsin.
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