Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 10.9% during the 4th quarter, Holdings Channel reports. The fund owned 4,308 shares of the company’s stock after buying an additional 424 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Alliant Energy were worth $222,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Charter Oak Capital Management LLC bought a new position in Alliant Energy during the 4th quarter worth about $33,000. McIlrath & Eck LLC boosted its holdings in shares of Alliant Energy by 63.0% in the 4th quarter. McIlrath & Eck LLC now owns 706 shares of the company’s stock valued at $36,000 after buying an additional 273 shares in the last quarter. Vantage Consulting Group Inc bought a new stake in shares of Alliant Energy in the 4th quarter valued at about $40,000. Diversified LLC bought a new stake in shares of Alliant Energy in the 4th quarter valued at about $47,000. Finally, H2O AM LLP bought a new stake in shares of Alliant Energy in the 4th quarter valued at about $51,000. Institutional investors own 72.95% of the company’s stock.
LNT stock opened at $54.39 on Thursday. The firm has a 50 day moving average of $50.62 and a 200 day moving average of $51.27. The stock has a market capitalization of $13.59 billion, a PE ratio of 20.29, a price-to-earnings-growth ratio of 3.18 and a beta of 0.29. The company has a quick ratio of 0.63, a current ratio of 0.80 and a debt-to-equity ratio of 1.15. Alliant Energy Co. has a 52 week low of $44.36 and a 52 week high of $58.10.
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 16th. Investors of record on Friday, January 29th were paid a $0.403 dividend. The ex-dividend date was Thursday, January 28th. This is a boost from Alliant Energy’s previous quarterly dividend of $0.38. This represents a $1.61 dividend on an annualized basis and a yield of 2.96%. Alliant Energy’s dividend payout ratio (DPR) is 69.70%.
A number of analysts have recently weighed in on LNT shares. TheStreet cut shares of Alliant Energy from a “b” rating to a “c+” rating in a report on Monday, March 22nd. Wells Fargo & Company lowered their price target 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. Wolfe Research upgraded shares of Alliant Energy from a “market perform” rating to an “outperform” rating and raised their price target for the company from $54.00 to $56.00 in a report on Wednesday, February 3rd. Finally, BMO Capital Markets initiated coverage on shares of Alliant Energy in a report on Tuesday, December 22nd. They issued a “market perform” rating and a $54.00 price target on the stock. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $56.71.
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 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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