Asset Management One Co. Ltd. Buys 1,296 Shares of Alliant Energy Co. (NASDAQ:LNT)

Asset Management One Co. Ltd. grew its stake in shares of Alliant Energy Co. (NASDAQ:LNT) by 0.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 160,848 shares of the company’s stock after acquiring an additional 1,296 shares during the period. Asset Management One Co. Ltd.’s holdings in Alliant Energy were worth $9,577,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of LNT. RDA Financial Network grew its holdings in Alliant Energy by 2.4% during the fourth quarter. RDA Financial Network now owns 7,990 shares of the company’s stock valued at $473,000 after purchasing an additional 184 shares during the period. 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 acquiring an additional 189 shares during 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 acquiring an additional 237 shares during the last quarter. Centennial Wealth Advisory LLC raised its stake in Alliant Energy by 4.0% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 6,433 shares of the company’s stock valued at $390,000 after acquiring an additional 250 shares during the period. Finally, Bleakley Financial Group LLC lifted its holdings in 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 during the last quarter. 79.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the stock. BMO Capital Markets dropped their price target on shares of Alliant Energy from $65.00 to $61.00 and set a “market perform” rating on the stock in a research note on Monday, November 4th. Wells Fargo & Company dropped their target price on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Scotiabank cut Alliant Energy from a “sector outperform” rating to a “sector perform” rating and lifted their price target for the company from $64.00 to $67.00 in a research report on Thursday, December 12th. Finally, Barclays decreased their price objective on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 6th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $63.39.

Alliant Energy Stock Performance

NASDAQ LNT opened at $61.33 on Tuesday. Alliant Energy Co. has a 52-week low of $46.80 and a 52-week high of $64.19. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86. The company has a market capitalization of $15.74 billion, a P/E ratio of 23.77, a P/E/G ratio of 2.73 and a beta of 0.60. The company has a fifty day moving average of $59.32 and a 200-day moving average of $59.54.

Alliant Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st will be paid a dividend of $0.5075 per share. The ex-dividend date is Friday, January 31st. This represents a $2.03 annualized dividend and a yield of 3.31%. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.48. Alliant Energy’s payout ratio is 78.68%.

Alliant Energy Company 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.