Blue Trust Inc. Boosts Stock Position in Alliant Energy Co. (NASDAQ:LNT)

Blue Trust Inc. grew its holdings in shares of Alliant Energy Co. (NASDAQ:LNTFree Report) by 32.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,578 shares of the company’s stock after buying an additional 873 shares during the quarter. Blue Trust Inc.’s holdings in Alliant Energy were worth $217,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. RDA Financial Network raised its position in shares of Alliant Energy by 2.4% during the 4th quarter. RDA Financial Network now owns 7,990 shares of the company’s stock worth $473,000 after purchasing an additional 184 shares during the period. Empirical Finance LLC increased its position in Alliant Energy by 2.2% in the third quarter. Empirical Finance LLC now owns 8,637 shares of the company’s stock worth $524,000 after buying an additional 189 shares during the period. Centennial Wealth Advisory LLC lifted its stake in Alliant Energy by 4.0% in the third quarter. Centennial Wealth Advisory LLC now owns 6,433 shares of the company’s stock valued at $390,000 after buying an additional 250 shares during the last quarter. Bleakley Financial Group LLC boosted its holdings in shares of Alliant Energy by 3.0% during the third quarter. Bleakley Financial Group LLC now owns 8,744 shares of the company’s stock valued at $531,000 after acquiring an additional 251 shares during the period. Finally, City State Bank grew its position in shares of Alliant Energy by 0.4% during the fourth quarter. City State Bank now owns 71,547 shares of the company’s stock worth $4,231,000 after acquiring an additional 257 shares during the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Scotiabank lowered shares of Alliant Energy from a “sector outperform” rating to a “sector perform” rating and raised their price target for the company from $64.00 to $67.00 in a research note on Thursday, December 12th. Wells Fargo & Company lowered their target price on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Barclays reduced their price target on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 6th. Finally, BMO Capital Markets lowered their price target on 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Alliant Energy currently has an average rating of “Hold” and a consensus target price of $63.39.

Check Out Our Latest Report on Alliant Energy

Alliant Energy Trading Up 0.7 %

Shares of LNT opened at $59.27 on Tuesday. The stock’s 50-day moving average price is $59.82 and its 200 day moving average price is $59.19. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. Alliant Energy Co. has a 12-month low of $46.80 and a 12-month high of $64.19. The firm has a market capitalization of $15.21 billion, a price-to-earnings ratio of 22.97, a P/E/G ratio of 2.70 and a beta of 0.60.

Alliant Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st will be issued a $0.5075 dividend. The ex-dividend date of this dividend is Friday, January 31st. This is a boost from Alliant Energy’s previous quarterly dividend of $0.48. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.43%. Alliant Energy’s dividend payout ratio is presently 78.68%.

Alliant Energy Profile

(Free Report)

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

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