Duality Advisers LP bought a new stake in Alliant Energy Co. (NYSE:LNT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 29,982 shares of the utilities provider’s stock, valued at approximately $1,434,000.
Other institutional investors have also recently bought and sold shares of the company. GQ Asset Management LLC purchased a new stake in shares of Alliant Energy in the 1st quarter worth about $35,000. Allworth Financial LP raised its position in Alliant Energy by 50.7% during the second quarter. Allworth Financial LP now owns 990 shares of the utilities provider’s stock worth $47,000 after acquiring an additional 333 shares during the last quarter. Twin Tree Management LP lifted its holdings in shares of Alliant Energy by 180.2% in the first quarter. Twin Tree Management LP now owns 1,031 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 663 shares in the last quarter. Arden Trust Co acquired a new stake in shares of Alliant Energy in the first quarter valued at approximately $55,000. Finally, Ballast Advisors LLC purchased a new position in shares of Alliant Energy during the 1st quarter worth approximately $64,000. 71.12% of the stock is currently owned by institutional investors.
NYSE:LNT opened at $53.85 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.73 and a quick ratio of 0.59. The firm has a market cap of $13.44 billion, a PE ratio of 27.90, a P/E/G ratio of 3.28 and a beta of 0.18. The firm has a 50 day simple moving average of $49.63 and a 200-day simple moving average of $51.49. Alliant Energy Co. has a 1-year low of $37.66 and a 1-year high of $60.28.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 31st will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, July 30th. This represents a $1.52 annualized dividend and a yield of 2.82%. Alliant Energy’s dividend payout ratio (DPR) is presently 78.76%.
Separately, Wells Fargo & Co lowered their target price on Alliant Energy from $65.00 to $55.00 and set an “overweight” rating on the stock in a report on Wednesday, May 13th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Alliant Energy currently has a consensus rating of “Buy” and an average target price of $55.20.
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 through three segments: Electric, Gas, and 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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