Roman Butler Fullerton & Co. Makes New Investment in Alliant Energy Co. (NASDAQ:LNT)

Roman Butler Fullerton & Co. bought a new position in shares of Alliant Energy Co. (NASDAQ:LNT) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 3,373 shares of the company’s stock, valued at approximately $202,000.

Other hedge funds have also recently bought and sold shares of the company. CFC Planning Co LLC acquired a new stake in shares of Alliant Energy in the fourth quarter valued at approximately $219,000. Asset Management One Co. Ltd. raised its holdings in shares of Alliant Energy by 0.8% in the fourth quarter. Asset Management One Co. Ltd. now owns 160,848 shares of the company’s stock valued at $9,577,000 after purchasing an additional 1,296 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Alliant Energy by 87.5% in the fourth quarter. Van ECK Associates Corp now owns 137,813 shares of the company’s stock valued at $8,150,000 after purchasing an additional 64,314 shares during the last quarter. Capital Advisors Inc. OK acquired a new stake in shares of Alliant Energy in the fourth quarter valued at approximately $224,000. Finally, Leavell Investment Management Inc. raised its holdings in shares of Alliant Energy by 16.4% in the fourth quarter. Leavell Investment Management Inc. now owns 5,861 shares of the company’s stock valued at $347,000 after purchasing an additional 826 shares during the last quarter. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Alliant Energy Trading Up 0.4 %

LNT stock opened at $61.33 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72. The company has a fifty day moving average price of $59.32 and a two-hundred day moving average price of $59.48. Alliant Energy Co. has a one year low of $46.80 and a one year high of $64.19. The stock has a market cap of $15.74 billion, a price-to-earnings ratio of 23.77, a price-to-earnings-growth ratio of 2.73 and a beta of 0.60.

Alliant Energy Increases Dividend

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

Wall Street Analyst Weigh In

LNT has been the topic of a number of recent research reports. Barclays lowered their price objective on shares of Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. Wells Fargo & Company lowered their price objective on shares of Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. BMO Capital Markets decreased their target price 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. Finally, Scotiabank cut 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. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Alliant Energy currently has a consensus rating of “Hold” and a consensus price target of $63.39.

About Alliant Energy

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.