Alliant Energy Corporation $LNT Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S decreased its holdings in shares of Alliant Energy Corporation (NASDAQ:LNT) by 97.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 12,395 shares of the company’s stock after selling 518,079 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Alliant Energy were worth $836,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in LNT. AQR Capital Management LLC raised its holdings in Alliant Energy by 103.8% in the first quarter. AQR Capital Management LLC now owns 66,701 shares of the company’s stock valued at $4,292,000 after buying an additional 33,978 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Alliant Energy by 98.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,084,562 shares of the company’s stock worth $69,792,000 after acquiring an additional 538,603 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Alliant Energy by 18.8% in the 1st quarter. Empowered Funds LLC now owns 6,166 shares of the company’s stock valued at $397,000 after acquiring an additional 974 shares during the period. Woodline Partners LP lifted its holdings in shares of Alliant Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 21,679 shares of the company’s stock valued at $1,395,000 after acquiring an additional 6,269 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Alliant Energy by 23.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,256 shares of the company’s stock valued at $81,000 after acquiring an additional 239 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LNT has been the topic of a number of recent research reports. HSBC upgraded Alliant Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, January 21st. Argus reiterated a “hold” rating on shares of Alliant Energy in a report on Friday, January 9th. Wall Street Zen lowered Alliant Energy from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Bank of America increased their price objective on shares of Alliant Energy from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, October 17th. Finally, UBS Group set a $75.00 price objective on shares of Alliant Energy and gave the company a “buy” rating in a research note on Wednesday, December 17th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $71.13.

Alliant Energy Stock Up 0.3%

Shares of Alliant Energy stock opened at $66.90 on Tuesday. The business has a 50-day moving average price of $65.87 and a 200 day moving average price of $66.23. Alliant Energy Corporation has a fifty-two week low of $57.09 and a fifty-two week high of $69.75. The firm has a market cap of $17.20 billion, a P/E ratio of 21.04, a P/E/G ratio of 2.72 and a beta of 0.67. The company has a quick ratio of 0.70, a current ratio of 0.83 and a debt-to-equity ratio of 1.46.

Alliant Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Friday, January 30th will be paid a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 3.2%. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.51. The ex-dividend date is Friday, January 30th. Alliant Energy’s dividend payout ratio (DPR) is currently 67.30%.

About Alliant Energy

Alliant Energy Corporation (NASDAQ: LNT) is a publicly traded energy holding company headquartered in Madison, Wisconsin, that provides regulated electric and natural gas utility services in the American Midwest. The company serves customers primarily in Wisconsin and Iowa through its regulated utility subsidiaries and operates as an integrated provider responsible for generation, transmission and distribution of energy to residential, commercial and industrial customers.

Alliant Energy’s core activities include operating and maintaining electric generation assets, managing the regional transmission and distribution network, and delivering natural gas service to its franchise territories.