Strategic Financial Concepts LLC Makes New Investment in Alliant Energy Co. (NASDAQ:LNT)

Strategic Financial Concepts LLC acquired a new stake in shares of Alliant Energy Co. (NASDAQ:LNT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,604 shares of the company’s stock, valued at approximately $213,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Larson Financial Group LLC lifted its holdings in shares of Alliant Energy by 7,083.3% in the 3rd quarter. Larson Financial Group LLC now owns 431 shares of the company’s stock worth $26,000 after purchasing an additional 425 shares in the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of Alliant Energy during the third quarter valued at about $28,000. Eastern Bank acquired a new position in shares of Alliant Energy during the third quarter valued at about $30,000. JNBA Financial Advisors bought a new stake in shares of Alliant Energy during the third quarter worth about $31,000. Finally, ORG Partners LLC raised its holdings in shares of Alliant Energy by 517.0% in the 4th quarter. ORG Partners LLC now owns 617 shares of the company’s stock worth $36,000 after acquiring an additional 517 shares during the last quarter. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Trading Up 0.5 %

NASDAQ LNT opened at $60.63 on Thursday. The stock has a market capitalization of $15.56 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 2.73 and a beta of 0.60. The business’s fifty day moving average is $59.34 and its 200-day moving average is $59.40. 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.

Alliant Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st will be paid a $0.5075 dividend. This represents a $2.03 dividend on an annualized basis and a yield of 3.35%. This is a boost from Alliant Energy’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, January 31st. Alliant Energy’s payout ratio is presently 78.68%.

Analysts Set New Price Targets

A number of analysts have commented on the company. Scotiabank lowered Alliant Energy from a “sector outperform” rating to a “sector perform” rating and boosted their price objective for the stock from $64.00 to $67.00 in a report on Thursday, December 12th. Barclays decreased their price target on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. Wells Fargo & Company dropped their price objective on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Finally, BMO Capital Markets reduced their target price on shares of Alliant Energy from $65.00 to $61.00 and set a “market perform” rating for the company in a research note 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 company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $63.39.

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.