Independent Advisor Alliance acquired a new position in shares of Alliant Energy Co. (NYSE:LNT) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 13,543 shares of the utilities provider’s stock, valued at approximately $638,000.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. We Are One Seven LLC bought a new position in Alliant Energy in the fourth quarter valued at approximately $25,000. Oregon Public Employees Retirement Fund lifted its stake in Alliant Energy by 4,072.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,049,786 shares of the utilities provider’s stock valued at $25,000 after buying an additional 1,024,625 shares in the last quarter. Sontag Advisory LLC bought a new position in Alliant Energy in the fourth quarter valued at approximately $30,000. Moody National Bank Trust Division bought a new position in Alliant Energy in the first quarter valued at approximately $45,000. Finally, Osborn Williams & Donohoe LLC bought a new position in Alliant Energy in the first quarter valued at approximately $53,000. 71.12% of the stock is currently owned by institutional investors and hedge funds.
NYSE LNT opened at $47.77 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.59 and a current ratio of 0.73. Alliant Energy Co. has a 12-month low of $38.22 and a 12-month high of $47.92. The company has a market capitalization of $11.13 billion, a PE ratio of 24.75, a price-to-earnings-growth ratio of 3.28 and a beta of 0.18.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were issued a $0.355 dividend. The ex-dividend date of this dividend was Monday, April 29th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 2.97%. Alliant Energy’s dividend payout ratio (DPR) is presently 73.58%.
In other news, SVP James H. Gallegos sold 5,000 shares of Alliant Energy stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $47.50, for a total value of $237,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Patricia L. Kampling sold 10,000 shares of Alliant Energy stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $46.98, for a total transaction of $469,800.00. The disclosure for this sale can be found here. 0.25% of the stock is owned by company insiders.
A number of research analysts have weighed in on LNT shares. Zacks Investment Research raised shares of Alliant Energy from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Wednesday, April 17th. Wolfe Research raised shares of Alliant Energy from an “underperform” rating to a “market perform” rating in a research note on Tuesday, January 22nd. Bank of America raised shares of Alliant Energy from an “underperform” rating to a “neutral” rating and set a $44.00 price target on the stock in a research note on Thursday, January 31st. Barclays started coverage on shares of Alliant Energy in a research note on Friday, January 18th. They issued an “equal weight” rating and a $45.00 price target on the stock. Finally, Wells Fargo & Co lifted their price target on shares of Alliant Energy from $47.00 to $49.00 and gave the company an “outperform” rating in a research note on Wednesday, January 30th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $46.94.
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Alliant Energy Company 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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