Alliant Energy Co. (NASDAQ:LNT) Stock Position Reduced by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 7.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 173,042 shares of the company’s stock after selling 14,524 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.07% of Alliant Energy worth $10,125,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. RDA Financial Network boosted its holdings in shares of Alliant Energy by 2.4% in the fourth quarter. RDA Financial Network now owns 7,990 shares of the company’s stock valued at $473,000 after acquiring an additional 184 shares in the last quarter. Empirical Finance LLC raised its holdings in Alliant Energy by 2.2% during the third quarter. Empirical Finance LLC now owns 8,637 shares of the company’s stock worth $524,000 after purchasing an additional 189 shares in the last quarter. Savant Capital LLC lifted its position in Alliant Energy by 1.5% in the fourth quarter. Savant Capital LLC now owns 15,937 shares of the company’s stock worth $942,000 after purchasing an additional 237 shares during the period. Centennial Wealth Advisory LLC boosted its stake in Alliant Energy by 4.0% during the 3rd quarter. Centennial Wealth Advisory LLC now owns 6,433 shares of the company’s stock valued at $390,000 after purchasing an additional 250 shares in the last quarter. Finally, Bleakley Financial Group LLC increased its position in shares of Alliant Energy by 3.0% during the 3rd quarter. Bleakley Financial Group LLC now owns 8,744 shares of the company’s stock valued at $531,000 after purchasing an additional 251 shares during the period. Institutional investors and hedge funds own 79.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on LNT shares. Scotiabank lowered Alliant Energy from a “sector outperform” rating to a “sector perform” rating and increased their price target for the company from $64.00 to $67.00 in a research report on Thursday, December 12th. Barclays dropped their price objective 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. Wells Fargo & Company decreased their target price on shares of Alliant Energy from $66.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Finally, BMO Capital Markets lowered their price target on shares of Alliant Energy from $65.00 to $61.00 and set a “market perform” rating on the stock in a report on Monday, November 4th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $63.39.

Alliant Energy Price Performance

Shares of LNT stock opened at $61.67 on Wednesday. The stock’s fifty day simple moving average is $59.34 and its 200 day simple moving average is $59.57. 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 one year low of $46.80 and a one year high of $64.19. The firm has a market cap of $15.82 billion, a price-to-earnings ratio of 23.90, a P/E/G ratio of 2.73 and a beta of 0.60.

Alliant Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st were given a $0.5075 dividend. This represents a $2.03 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend was Friday, January 31st. This is a boost from Alliant Energy’s previous quarterly dividend of $0.48. Alliant Energy’s dividend payout ratio (DPR) is presently 78.68%.

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.