Checchi Capital Advisers LLC boosted its holdings in shares of Alliant Energy Co. (NASDAQ:LNT – Get Rating) by 12.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,082 shares of the company’s stock after buying an additional 457 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Alliant Energy were worth $249,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of LNT. CWM LLC grew its position in shares of Alliant Energy by 46.0% in the second quarter. CWM LLC now owns 6,190 shares of the company’s stock valued at $363,000 after purchasing an additional 1,950 shares during the last quarter. KBC Group NV grew its position in shares of Alliant Energy by 15.6% in the second quarter. KBC Group NV now owns 11,736 shares of the company’s stock valued at $688,000 after purchasing an additional 1,580 shares during the last quarter. US Bancorp DE grew its position in shares of Alliant Energy by 2.1% in the first quarter. US Bancorp DE now owns 145,602 shares of the company’s stock valued at $9,098,000 after purchasing an additional 3,030 shares during the last quarter. MetLife Investment Management LLC grew its position in shares of Alliant Energy by 23.1% in the first quarter. MetLife Investment Management LLC now owns 68,114 shares of the company’s stock valued at $4,256,000 after purchasing an additional 12,800 shares during the last quarter. Finally, MQS Management LLC acquired a new position in shares of Alliant Energy in the second quarter valued at approximately $255,000. Institutional investors and hedge funds own 74.84% of the company’s stock.
Alliant Energy Stock Up 1.0 %
NASDAQ LNT opened at $55.97 on Thursday. The business has a fifty day moving average price of $51.45 and a two-hundred day moving average price of $56.97. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.70 and a quick ratio of 0.58. Alliant Energy Co. has a fifty-two week low of $47.19 and a fifty-two week high of $65.37. The stock has a market capitalization of $14.05 billion, a PE ratio of 21.12, a PEG ratio of 3.34 and a beta of 0.51.
Alliant Energy Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Monday, October 31st were paid a dividend of $0.4275 per share. This represents a $1.71 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend was Friday, October 28th. Alliant Energy’s payout ratio is presently 64.53%.
Analysts Set New Price Targets
Several equities analysts have recently commented on LNT shares. Credit Suisse Group decreased their target price on Alliant Energy to $51.00 in a research report on Thursday, October 20th. StockNews.com initiated coverage on Alliant Energy in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. UBS Group increased their price target on Alliant Energy to $58.00 in a research report on Monday. Wolfe Research downgraded Alliant Energy from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 20th. Finally, Wells Fargo & Company reduced their price target on Alliant Energy from $66.00 to $57.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 19th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $60.33.
Alliant Energy Profile
Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services. It operates through 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.
- Get a free copy of the StockNews.com research report on Alliant Energy (LNT)
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