Cbre Clarion Securities LLC boosted its position in Alliant Energy Co. (NASDAQ:LNT) by 41.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 665,055 shares of the company’s stock after acquiring an additional 194,525 shares during the quarter. Cbre Clarion Securities LLC owned 0.27% of Alliant Energy worth $36,019,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of LNT. Fort Washington Investment Advisors Inc. OH raised its holdings in Alliant Energy by 65.9% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 6,800 shares of the company’s stock valued at $350,000 after acquiring an additional 2,700 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in Alliant Energy by 200.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 37,945 shares of the company’s stock valued at $1,955,000 after acquiring an additional 25,304 shares in the last quarter. Sigma Investment Counselors Inc. acquired a new stake in Alliant Energy in the fourth quarter valued at approximately $202,000. McIlrath & Eck LLC raised its holdings in Alliant Energy by 63.0% in the fourth quarter. McIlrath & Eck LLC now owns 706 shares of the company’s stock valued at $36,000 after acquiring an additional 273 shares in the last quarter. Finally, Alpha Omega Wealth Management LLC raised its holdings in Alliant Energy by 2.3% during the fourth quarter. Alpha Omega Wealth Management LLC now owns 70,792 shares of the company’s stock worth $3,648,000 after purchasing an additional 1,571 shares in the last quarter. 75.41% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:LNT traded down $0.15 during midday trading on Friday, reaching $58.39. The stock had a trading volume of 18,304 shares, compared to its average volume of 1,453,503. The business’s fifty day simple moving average is $56.52. Alliant Energy Co. has a 12-month low of $45.99 and a 12-month high of $58.66. The company has a current ratio of 0.54, a quick ratio of 0.39 and a debt-to-equity ratio of 1.12. The stock has a market cap of $14.61 billion, a PE ratio of 23.80, a P/E/G ratio of 4.08 and a beta of 0.35.
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 17th. Investors of record on Friday, April 30th were given a $0.4025 dividend. The ex-dividend date was Thursday, April 29th. This represents a $1.61 dividend on an annualized basis and a yield of 2.76%. Alliant Energy’s dividend payout ratio (DPR) is 66.26%.
LNT has been the topic of a number of research analyst reports. TheStreet raised shares of Alliant Energy from a “c+” rating to a “b” rating in a report on Monday, April 26th. Wells Fargo & Company cut their price objective on shares of Alliant Energy from $60.00 to $54.00 and set an “overweight” rating on the stock in a report on Monday, February 22nd. Barclays raised their price objective on shares of Alliant Energy from $55.00 to $61.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 25th. Mizuho raised shares of Alliant Energy from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $50.00 to $61.00 in a report on Tuesday, May 18th. Finally, Argus raised their target price on shares of Alliant Energy from $56.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $58.13.
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 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.
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