US Bancorp DE reduced its stake in Alliant Energy Co. (NYSE:LNT) by 6.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 175,397 shares of the utilities provider’s stock after selling 12,584 shares during the period. US Bancorp DE owned 0.08% of Alliant Energy worth $7,167,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. WINTON GROUP Ltd boosted its position in shares of Alliant Energy by 18.9% in the 4th quarter. WINTON GROUP Ltd now owns 8,559 shares of the utilities provider’s stock worth $365,000 after purchasing an additional 1,361 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its position in shares of Alliant Energy by 3.5% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 46,628 shares of the utilities provider’s stock worth $1,987,000 after purchasing an additional 1,581 shares during the last quarter. Global X Management Co. LLC raised its stake in Alliant Energy by 12.0% during the 4th quarter. Global X Management Co. LLC now owns 15,132 shares of the utilities provider’s stock worth $645,000 after buying an additional 1,618 shares during the period. Dubuque Bank & Trust Co. raised its stake in Alliant Energy by 44.5% during the 4th quarter. Dubuque Bank & Trust Co. now owns 5,416 shares of the utilities provider’s stock worth $231,000 after buying an additional 1,668 shares during the period. Finally, GWM Advisors LLC raised its stake in Alliant Energy by 4.3% during the 4th quarter. GWM Advisors LLC now owns 43,878 shares of the utilities provider’s stock worth $1,823,000 after buying an additional 1,796 shares during the period. Institutional investors and hedge funds own 72.40% of the company’s stock.
Shares of Alliant Energy opened at $40.43 on Wednesday, Marketbeat Ratings reports. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.25 and a current ratio of 0.35. Alliant Energy Co. has a 12 month low of $36.84 and a 12 month high of $45.55. The firm has a market cap of $9.32 billion, a P/E ratio of 20.95, a price-to-earnings-growth ratio of 3.41 and a beta of 0.29.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 15th. Shareholders of record on Monday, April 30th were paid a $0.335 dividend. The ex-dividend date of this dividend was Friday, April 27th. This represents a $1.34 annualized dividend and a yield of 3.31%. Alliant Energy’s dividend payout ratio (DPR) is 69.43%.
Several analysts recently commented on the company. Zacks Investment Research downgraded Alliant Energy from a “hold” rating to a “sell” rating in a research note on Friday, April 27th. ValuEngine raised Alliant Energy from a “hold” rating to a “buy” rating in a research note on Friday, April 27th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $43.00 price objective (down previously from $47.00) on shares of Alliant Energy in a research note on Monday, February 26th. Finally, UBS assumed coverage on Alliant Energy in a research note on Friday, February 2nd. They set a “neutral” rating and a $40.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Alliant Energy presently has a consensus rating of “Hold” and a consensus target price of $43.57.
In other Alliant Energy news, SVP James H. Gallegos sold 5,000 shares of the stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $39.80, for a total value of $199,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.25% of the company’s stock.
Alliant Energy Profile
Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the Midwest region of the United States. It operates through three segments: Electric, Gas, and 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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