Sciencast Management LP purchased a new stake in Alliant Energy Co. (NYSE:LNT) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 9,200 shares of the utilities provider’s stock, valued at approximately $451,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Guggenheim Capital LLC grew its stake in Alliant Energy by 5.0% during the fourth quarter. Guggenheim Capital LLC now owns 155,378 shares of the utilities provider’s stock worth $8,502,000 after buying an additional 7,381 shares during the period. Macquarie Group Ltd. raised its stake in shares of Alliant Energy by 1.4% in the 4th quarter. Macquarie Group Ltd. now owns 165,303 shares of the utilities provider’s stock valued at $9,046,000 after acquiring an additional 2,286 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of Alliant Energy by 11.1% during the 4th quarter. Quadrant Capital Group LLC now owns 3,076 shares of the utilities provider’s stock valued at $158,000 after acquiring an additional 307 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Alliant Energy by 8.6% during the 1st quarter. State of Alaska Department of Revenue now owns 165,215 shares of the utilities provider’s stock worth $7,977,000 after purchasing an additional 13,040 shares during the period. Finally, IBM Retirement Fund acquired a new stake in Alliant Energy in the 1st quarter valued at $273,000. Hedge funds and other institutional investors own 71.12% of the company’s stock.
NYSE LNT opened at $53.85 on Friday. The company’s fifty day simple moving average is $49.63 and its 200-day simple moving average is $51.49. Alliant Energy Co. has a 52 week low of $37.66 and a 52 week high of $60.28. The company has a current ratio of 0.73, a quick ratio of 0.59 and a debt-to-equity ratio of 1.15. The stock has a market cap of $13.44 billion, a P/E ratio of 27.90, a PEG ratio of 3.28 and a beta of 0.18.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Friday, July 31st will be paid 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 dividend yield of 2.82%. Alliant Energy’s dividend payout ratio is presently 78.76%.
Separately, Wells Fargo & Co decreased their target price on Alliant Energy from $65.00 to $55.00 and set an “overweight” rating for the company in a research report on Wednesday, May 13th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $55.20.
About Alliant Energy
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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