CFC Planning Co LLC Invests $219,000 in Alliant Energy Co. (NASDAQ:LNT)

CFC Planning Co LLC bought a new position in Alliant Energy Co. (NASDAQ:LNT) in the 4th quarter, Holdings Channel reports. The firm bought 3,703 shares of the company’s stock, valued at approximately $219,000.

Several other institutional investors have also recently made changes to their positions in LNT. Larson Financial Group LLC increased its stake in Alliant Energy by 7,083.3% in the 3rd quarter. Larson Financial Group LLC now owns 431 shares of the company’s stock worth $26,000 after buying an additional 425 shares during the period. Northwest Investment Counselors LLC purchased a new position in Alliant Energy in the 3rd quarter worth about $28,000. Eastern Bank purchased a new position in Alliant Energy in the 3rd quarter worth about $30,000. JNBA Financial Advisors purchased a new position in Alliant Energy in the 3rd quarter worth about $31,000. Finally, ORG Partners LLC increased its stake in Alliant Energy by 517.0% in the 4th quarter. ORG Partners LLC now owns 617 shares of the company’s stock worth $36,000 after buying an additional 517 shares during the period. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Up 0.8 %

Shares of Alliant Energy stock opened at $61.10 on Friday. The firm’s 50 day moving average price is $59.32 and its 200-day moving average price is $59.41. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. Alliant Energy Co. has a 52-week low of $46.80 and a 52-week high of $64.19. The company has a market cap of $15.68 billion, a P/E ratio of 23.68, a PEG ratio of 2.73 and a beta of 0.60.

Alliant Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st will be given a $0.5075 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.32%. This is an increase from Alliant Energy’s previous quarterly dividend of $0.48. Alliant Energy’s payout ratio is presently 78.68%.

Analyst Ratings Changes

LNT has been the topic of several recent analyst reports. BMO Capital Markets reduced their price target on shares of Alliant Energy from $65.00 to $61.00 and set a “market perform” rating on the stock in a research note on Monday, November 4th. Scotiabank downgraded shares of Alliant Energy from a “sector outperform” rating to a “sector perform” rating and raised their target price for the company from $64.00 to $67.00 in a research report on Thursday, December 12th. Barclays cut their target price on shares of Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company cut their target price on shares of Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $63.39.

Alliant Energy Company Profile

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in 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.