Wealthfront Advisers LLC increased its stake in shares of Alliant Energy Corporation (NASDAQ:LNT – Free Report) by 8.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 102,161 shares of the company’s stock after purchasing an additional 7,836 shares during the period. Wealthfront Advisers LLC’s holdings in Alliant Energy were worth $7,331,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Alliant Energy by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 33,785,294 shares of the company’s stock worth $2,196,382,000 after buying an additional 383,612 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Alliant Energy by 2.1% in the fourth quarter. Janus Henderson Group PLC now owns 11,134,938 shares of the company’s stock valued at $723,882,000 after acquiring an additional 223,793 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Alliant Energy by 799.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,393,496 shares of the company’s stock worth $545,662,000 after acquiring an additional 7,460,117 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Alliant Energy by 2.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,173,906 shares of the company’s stock worth $466,376,000 after purchasing an additional 167,581 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Alliant Energy by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 7,071,908 shares of the company’s stock worth $458,071,000 after purchasing an additional 128,998 shares in the last quarter. 79.90% of the stock is owned by hedge funds and other institutional investors.
Alliant Energy Stock Performance
Shares of Alliant Energy stock opened at $74.82 on Friday. The business’s 50 day moving average price is $73.96 and its 200 day moving average price is $71.26. The company has a market cap of $19.32 billion, a price-to-earnings ratio of 23.45, a PEG ratio of 3.05 and a beta of 0.55. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.53 and a current ratio of 0.69. Alliant Energy Corporation has a one year low of $63.28 and a one year high of $78.81.
Alliant Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 31st will be issued a $0.535 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $2.14 dividend on an annualized basis and a dividend yield of 2.9%. Alliant Energy’s dividend payout ratio is currently 67.08%.
Analyst Ratings Changes
A number of research analysts have weighed in on the company. Barclays set a $74.00 price objective on Alliant Energy and gave the company an “equal weight” rating in a report on Wednesday, April 15th. TD Cowen assumed coverage on shares of Alliant Energy in a report on Tuesday, July 7th. They set a “hold” rating and a $83.00 target price for the company. Mizuho set a $76.00 target price on shares of Alliant Energy in a research report on Monday, May 4th. Wall Street Zen lowered shares of Alliant Energy from a “sell” rating to a “strong sell” rating in a research report on Saturday. Finally, Scotiabank reaffirmed a “sector perform” rating and set a $74.00 price objective (up from $72.00) on shares of Alliant Energy in a research note on Monday, May 4th. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.36.
Check Out Our Latest Stock Report on Alliant Energy
Alliant Energy Company Profile
Alliant Energy Corporation (NASDAQ: LNT) is a publicly traded energy holding company headquartered in Madison, Wisconsin, that provides regulated electric and natural gas utility services in the American Midwest. The company serves customers primarily in Wisconsin and Iowa through its regulated utility subsidiaries and operates as an integrated provider responsible for generation, transmission and distribution of energy to residential, commercial and industrial customers.
Alliant Energy’s core activities include operating and maintaining electric generation assets, managing the regional transmission and distribution network, and delivering natural gas service to its franchise territories.
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