Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Alliant Energy Co. (NASDAQ:LNT – Free Report) by 5.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,357 shares of the company’s stock after buying an additional 1,495 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Alliant Energy were worth $1,677,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Massmutual Trust Co. FSB ADV grew its position in Alliant Energy by 7.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,605 shares of the company’s stock worth $158,000 after purchasing an additional 174 shares during the last quarter. Empirical Finance LLC grew its position in Alliant Energy by 2.2% in the 3rd quarter. Empirical Finance LLC now owns 8,637 shares of the company’s stock worth $524,000 after purchasing an additional 189 shares during the last quarter. Centennial Wealth Advisory LLC grew its position in Alliant Energy by 4.0% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 6,433 shares of the company’s stock worth $390,000 after purchasing an additional 250 shares during the last quarter. Bleakley Financial Group LLC grew its position in Alliant Energy by 3.0% in the 3rd quarter. Bleakley Financial Group LLC now owns 8,744 shares of the company’s stock worth $531,000 after purchasing an additional 251 shares during the last quarter. Finally, City State Bank grew its position in Alliant Energy by 0.4% in the 4th quarter. City State Bank now owns 71,547 shares of the company’s stock worth $4,231,000 after purchasing an additional 257 shares during the last quarter. Institutional investors own 79.90% of the company’s stock.
Alliant Energy Stock Up 0.8 %
LNT stock opened at $60.55 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72. The firm has a market cap of $15.54 billion, a PE ratio of 23.47, a P/E/G ratio of 2.65 and a beta of 0.60. Alliant Energy Co. has a 12 month low of $46.80 and a 12 month high of $64.19. The firm has a 50 day simple moving average of $60.21 and a 200 day simple moving average of $58.62.
Alliant Energy Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 31st will be given a $0.5075 dividend. This represents a $2.03 annualized dividend and a dividend yield of 3.35%. This is an increase from Alliant Energy’s previous quarterly dividend of $0.48. Alliant Energy’s dividend payout ratio is 74.42%.
Analysts Set New Price Targets
LNT has been the subject of several recent analyst reports. Wells Fargo & Company decreased their price objective on shares of Alliant Energy from $66.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Barclays decreased their price objective on shares of Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. BMO Capital Markets decreased their price objective on shares of Alliant Energy from $65.00 to $61.00 and set a “market perform” rating for the company in a report on Monday, November 4th. Mizuho increased their price objective on shares of Alliant Energy from $52.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, October 4th. Finally, Scotiabank cut shares of Alliant Energy from a “sector outperform” rating to a “sector perform” rating and increased their price objective for the company from $64.00 to $67.00 in a report on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $63.39.
Read Our Latest Report on Alliant Energy
Alliant Energy 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.
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