Savant Capital LLC Acquires 237 Shares of Alliant Energy Co. (NASDAQ:LNT)

Savant Capital LLC lifted its stake in Alliant Energy Co. (NASDAQ:LNT) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,937 shares of the company’s stock after acquiring an additional 237 shares during the period. Savant Capital LLC’s holdings in Alliant Energy were worth $942,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Point72 Asset Management L.P. boosted its stake in Alliant Energy by 92.7% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,604,272 shares of the company’s stock worth $97,363,000 after purchasing an additional 771,919 shares during the period. Jennison Associates LLC purchased a new stake in shares of Alliant Energy in the fourth quarter worth about $32,225,000. Massachusetts Financial Services Co. MA boosted its position in shares of Alliant Energy by 8.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,512,770 shares of the company’s stock valued at $395,260,000 after acquiring an additional 512,429 shares during the period. Retirement Systems of Alabama grew its stake in Alliant Energy by 698.3% during the third quarter. Retirement Systems of Alabama now owns 451,477 shares of the company’s stock valued at $27,400,000 after acquiring an additional 394,920 shares in the last quarter. Finally, Weiss Asset Management LP purchased a new stake in Alliant Energy in the 3rd quarter worth approximately $10,705,000. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Alliant Energy Price Performance

LNT stock opened at $61.33 on Friday. The firm has a market cap of $15.74 billion, a P/E ratio of 23.77, a P/E/G ratio of 2.73 and a beta of 0.60. The firm’s fifty day moving average is $59.31 and its 200 day moving average is $59.42. Alliant Energy Co. has a 52 week low of $46.80 and a 52 week high of $64.19. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86.

Alliant Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st will be issued a $0.5075 dividend. The ex-dividend date is Friday, January 31st. This represents a $2.03 annualized dividend and a dividend yield of 3.31%. This is an increase from Alliant Energy’s previous quarterly dividend of $0.48. Alliant Energy’s payout ratio is currently 78.68%.

Analyst Ratings Changes

A number of brokerages recently issued reports on LNT. Barclays lowered their price objective on 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. Wells Fargo & Company dropped their price target on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating for the company in a research report 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 note on Thursday, December 12th. Finally, BMO Capital Markets cut their price target on shares of Alliant Energy from $65.00 to $61.00 and set a “market perform” rating for the company in a research note on Monday, November 4th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average 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.