Alliant Energy Co. (LNT) Shares Bought by GWM Advisors LLC

GWM Advisors LLC grew its stake in shares of Alliant Energy Co. (NYSE:LNT) by 4.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,878 shares of the utilities provider’s stock after purchasing an additional 1,796 shares during the quarter. GWM Advisors LLC’s holdings in Alliant Energy were worth $1,823,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in LNT. DekaBank Deutsche Girozentrale increased its holdings in shares of Alliant Energy by 4.1% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 29,594 shares of the utilities provider’s stock valued at $1,295,000 after acquiring an additional 1,176 shares during the period. First Midwest Bank Trust Division increased its holdings in shares of Alliant Energy by 4.6% in the 3rd quarter. First Midwest Bank Trust Division now owns 27,187 shares of the utilities provider’s stock valued at $1,130,000 after acquiring an additional 1,190 shares during the period. FDx Advisors Inc. increased its holdings in shares of Alliant Energy by 13.8% in the 3rd quarter. FDx Advisors Inc. now owns 10,692 shares of the utilities provider’s stock valued at $444,000 after acquiring an additional 1,299 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Alliant Energy by 3.1% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 45,460 shares of the utilities provider’s stock valued at $1,890,000 after acquiring an additional 1,346 shares during the period. Finally, Public Employees Retirement Association of Colorado increased its holdings in shares of Alliant Energy by 3.5% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 46,628 shares of the utilities provider’s stock valued at $1,987,000 after acquiring an additional 1,581 shares during the period. 68.97% of the stock is currently owned by institutional investors.

A number of equities analysts have recently commented on the stock. Wells Fargo & Co cut shares of Alliant Energy from an “outperform” rating to a “market perform” rating in a report on Monday, December 18th. Zacks Investment Research lowered shares of Alliant Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. Bank of America assumed coverage on shares of Alliant Energy in a research report on Tuesday, October 24th. They issued a “neutral” rating and a $45.00 price objective on the stock. Guggenheim reiterated a “hold” rating and issued a $43.00 price objective on shares of Alliant Energy in a research report on Wednesday, January 3rd. Finally, UBS Group assumed coverage on shares of Alliant Energy in a research report on Friday, February 2nd. They issued a “neutral” rating and a $40.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. Alliant Energy presently has an average rating of “Hold” and a consensus target price of $42.80.

Shares of Alliant Energy Co. (NYSE LNT) opened at $39.05 on Friday. The company has a market cap of $8,811.20, a price-to-earnings ratio of 20.38, a price-to-earnings-growth ratio of 3.35 and a beta of 0.35. Alliant Energy Co. has a 1 year low of $36.84 and a 1 year high of $45.55. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.36 and a current ratio of 0.51.

The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st were given a dividend of $0.335 per share. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.32. This represents a $1.34 annualized dividend and a dividend yield of 3.43%. The ex-dividend date was Tuesday, January 30th. Alliant Energy’s payout ratio is presently 72.04%.

Alliant Energy announced that its Board of Directors has approved a stock repurchase program on Monday, January 15th that authorizes the company to buyback outstanding shares. This buyback authorization authorizes the utilities provider to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

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Alliant Energy Company Profile

Alliant Energy Corporation operates as a regulated investor-owned public utility holding company. The Company’s segments include Utility and Non-regulated, Parent and Other. The Utility segment includes the operations of Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL), which serve retail customers in Iowa and Wisconsin.

Institutional Ownership by Quarter for Alliant Energy (NYSE:LNT)

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