Fulcrum Asset Management LLP trimmed its holdings in Alliant Energy Corporation (NASDAQ:LNT – Free Report) by 71.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 7,358 shares of the company’s stock after selling 18,167 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Alliant Energy were worth $481,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC acquired a new position in Alliant Energy in the third quarter valued at approximately $27,000. MRP Capital Investments LLC acquired a new position in Alliant Energy in the third quarter valued at approximately $35,000. Hantz Financial Services Inc. boosted its holdings in Alliant Energy by 256.7% in the third quarter. Hantz Financial Services Inc. now owns 560 shares of the company’s stock valued at $38,000 after purchasing an additional 403 shares in the last quarter. Sentry Investment Management LLC acquired a new position in Alliant Energy in the third quarter valued at approximately $44,000. Finally, MUFG Securities EMEA plc acquired a new position in Alliant Energy in the second quarter valued at approximately $46,000. 79.90% of the stock is owned by institutional investors and hedge funds.
Alliant Energy Price Performance
LNT stock opened at $72.45 on Friday. The company has a market capitalization of $18.71 billion, a P/E ratio of 22.71, a PEG ratio of 2.95 and a beta of 0.58. Alliant Energy Corporation has a twelve month low of $59.62 and a twelve month high of $75.76. The business has a 50 day simple moving average of $71.93 and a 200-day simple moving average of $68.92. The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 1.48.
Alliant Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 30th will be issued a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Thursday, April 30th. Alliant Energy’s dividend payout ratio is presently 67.08%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on LNT shares. HSBC raised Alliant Energy from a “hold” rating to a “buy” rating in a report on Wednesday, January 21st. Royal Bank Of Canada started coverage on Alliant Energy in a report on Wednesday, March 11th. They issued an “outperform” rating and a $82.00 price target for the company. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $76.00 price target on shares of Alliant Energy in a report on Tuesday, April 21st. Mizuho set a $76.00 price target on Alliant Energy in a report on Monday, May 4th. Finally, 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. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $76.60.
View Our Latest Analysis on LNT
Alliant Energy 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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