Asset Management One Co. Ltd. Has $9.58 Million Stock Holdings in Alliant Energy Co. (NASDAQ:LNT)

Asset Management One Co. Ltd. raised its holdings in Alliant Energy Co. (NASDAQ:LNT) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 160,848 shares of the company’s stock after purchasing an additional 1,296 shares during the quarter. Asset Management One Co. Ltd. owned 0.06% of Alliant Energy worth $9,577,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. RDA Financial Network boosted its position in 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 buying an additional 184 shares in the last quarter. Empirical Finance LLC increased its holdings 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 in the last quarter. Savant Capital LLC increased its holdings in Alliant Energy by 1.5% in the 4th quarter. Savant Capital LLC now owns 15,937 shares of the company’s stock worth $942,000 after purchasing an additional 237 shares in the last quarter. Centennial Wealth Advisory LLC raised its position 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 purchasing an additional 250 shares during the last quarter. Finally, Bleakley Financial Group LLC boosted its stake 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 purchasing an additional 251 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Trading Up 0.4 %

NASDAQ LNT opened at $61.33 on Tuesday. The company has a market cap of $15.74 billion, a price-to-earnings ratio of 23.77, a P/E/G ratio of 2.73 and a beta of 0.60. The business has a 50 day moving average price of $59.32 and a 200-day moving average price of $59.54. 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 52 week low of $46.80 and a 52 week high of $64.19.

Alliant Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st will be given a dividend of $0.5075 per share. The ex-dividend date of this dividend is Friday, January 31st. This is an increase from Alliant Energy’s previous quarterly dividend of $0.48. This represents a $2.03 annualized dividend and a dividend yield of 3.31%. Alliant Energy’s payout ratio is presently 78.68%.

Analyst Upgrades and Downgrades

Several research firms recently commented on LNT. BMO Capital Markets cut their target price on shares of Alliant Energy from $65.00 to $61.00 and set a “market perform” rating on the stock in a research report on Monday, November 4th. Barclays cut their price target on shares of Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. Scotiabank downgraded 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. Finally, Wells Fargo & Company lowered their target price on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price 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.