Ffcm LLC increased its position in Alliant Energy Co. (NYSE:LNT) by 23.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,517 shares of the utilities provider’s stock after purchasing an additional 2,178 shares during the period. Ffcm LLC’s holdings in Alliant Energy were worth $491,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. DekaBank Deutsche Girozentrale lifted its holdings in shares of Alliant Energy by 4.1% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 29,594 shares of the utilities provider’s stock worth $1,295,000 after purchasing an additional 1,176 shares in the last quarter. First Midwest Bank Trust Division lifted its holdings in shares of Alliant Energy by 4.6% in the 3rd quarter. First Midwest Bank Trust Division now owns 27,187 shares of the utilities provider’s stock worth $1,130,000 after purchasing an additional 1,190 shares in the last quarter. FDx Advisors Inc. lifted its holdings in shares of Alliant Energy by 13.8% in the 3rd quarter. FDx Advisors Inc. now owns 10,692 shares of the utilities provider’s stock worth $444,000 after purchasing an additional 1,299 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Alliant Energy by 3.1% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 45,460 shares of the utilities provider’s stock valued at $1,890,000 after buying an additional 1,346 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado raised its position in 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 valued at $1,987,000 after buying an additional 1,581 shares during the last quarter. Institutional investors own 68.97% of the company’s stock.
LNT has been the subject of a number of analyst reports. Bank of America initiated coverage on Alliant Energy in a research report on Tuesday, October 24th. They issued a “neutral” rating and a $45.00 price target for the company. Zacks Investment Research lowered Alliant Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. Wells Fargo & Co lowered Alliant Energy from an “outperform” rating to a “market perform” rating in a research report on Monday, December 18th. Guggenheim reissued a “hold” rating and issued a $43.00 price target on shares of Alliant Energy in a research report on Wednesday, January 3rd. Finally, UBS Group initiated coverage on Alliant Energy in a research report on Friday, February 2nd. They issued a “neutral” rating and a $40.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $42.80.
Shares of Alliant Energy Co. (LNT) opened at $38.63 on Wednesday. Alliant Energy Co. has a 12-month low of $36.84 and a 12-month high of $45.55. The company has a market capitalization of $8,896.75, a price-to-earnings ratio of 20.77, a P/E/G ratio of 3.38 and a beta of 0.35. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.51 and a quick ratio of 0.36.
Alliant Energy announced that its Board of Directors has initiated a stock repurchase plan on Monday, January 15th that allows the company to buyback shares. This buyback authorization allows the utilities provider to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be given a dividend of $0.335 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.32. This represents a $1.34 annualized dividend and a dividend yield of 3.47%. Alliant Energy’s dividend payout ratio (DPR) is currently 72.04%.
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Alliant Energy Profile
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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