Landaas & Co. WI ADV lifted its position in Alliant Energy Co. (NYSE:LNT) by 77.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,422 shares of the utilities provider’s stock after purchasing an additional 2,800 shares during the quarter. Landaas & Co. WI ADV’s holdings in Alliant Energy were worth $274,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Field & Main Bank purchased a new position in Alliant Energy during the fourth quarter valued at approximately $169,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Alliant Energy in the third quarter valued at approximately $187,000. Csenge Advisory Group purchased a new stake in shares of Alliant Energy in the third quarter valued at approximately $207,000. Independent Advisor Alliance purchased a new stake in shares of Alliant Energy in the third quarter valued at approximately $211,000. Finally, Keybank National Association OH purchased a new stake in shares of Alliant Energy in the third quarter valued at approximately $213,000. Hedge funds and other institutional investors own 68.97% of the company’s stock.
A number of analysts have recently issued reports on LNT shares. Guggenheim reaffirmed a “hold” rating and issued a $43.00 price target on shares of Alliant Energy in a research note on Wednesday, January 3rd. Wells Fargo & Co lowered Alliant Energy from an “outperform” rating to a “market perform” rating in a research note on Monday, December 18th. Zacks Investment Research lowered Alliant Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. UBS Group started coverage on Alliant Energy in a research note on Friday, February 2nd. They issued a “neutral” rating and a $40.00 price target on the stock. Finally, Bank of America started coverage on Alliant Energy in a research note on Tuesday, October 24th. They set a “neutral” rating and a $45.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $42.80.
Alliant Energy declared that its Board of Directors has approved a stock buyback plan on Monday, January 15th that allows the company to repurchase outstanding shares. This repurchase authorization allows the utilities provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be paid a $0.335 dividend. This represents a $1.34 annualized dividend and a dividend yield of 3.48%. The ex-dividend date is Tuesday, January 30th. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.32. Alliant Energy’s dividend payout ratio is 72.04%.
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About Alliant Energy
Alliant Energy Corporation operates as a regulated investor-owned public utility holding company. The Company’s segments include Utility and Non-regulated, Parent and Other. The Utility segment includes the operations of Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL), which serve retail customers in Iowa and Wisconsin.
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