Alliant Energy Co. (NASDAQ:LNT) Shares Purchased by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY grew its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,555 shares of the company’s stock after purchasing an additional 281 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in Alliant Energy were worth $1,275,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Janus Henderson Group PLC increased its position in Alliant Energy by 0.6% during the third quarter. Janus Henderson Group PLC now owns 10,691,172 shares of the company’s stock worth $648,847,000 after purchasing an additional 65,110 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Alliant Energy by 1.4% in the third quarter. Geode Capital Management LLC now owns 6,593,166 shares of the company’s stock valued at $398,880,000 after acquiring an additional 92,525 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in 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 worth $395,260,000 after acquiring an additional 512,429 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Alliant Energy by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,216,475 shares of the company’s stock worth $134,518,000 after acquiring an additional 14,225 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its position in Alliant Energy by 92.7% in the third quarter. Point72 Asset Management L.P. now owns 1,604,272 shares of the company’s stock valued at $97,363,000 after purchasing an additional 771,919 shares during the period. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Trading Down 0.1 %

LNT opened at $59.47 on Monday. 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 stock has a market capitalization of $15.26 billion, a price-to-earnings ratio of 23.05, a PEG ratio of 2.73 and a beta of 0.60. The business has a fifty day moving average price of $59.42 and a 200 day moving average price of $59.32. Alliant Energy Co. has a 12 month low of $46.80 and a 12 month high of $64.19.

Alliant Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 31st will be paid a dividend of $0.5075 per share. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.41%. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, January 31st. Alliant Energy’s dividend payout ratio is presently 78.68%.

Analysts Set New Price Targets

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