Money Concepts Capital Corp Purchases 1,974 Shares of Alliant Energy Co. (NASDAQ:LNT)

Money Concepts Capital Corp increased its position in Alliant Energy Co. (NASDAQ:LNT) by 3.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 63,748 shares of the company’s stock after buying an additional 1,974 shares during the quarter. Money Concepts Capital Corp’s holdings in Alliant Energy were worth $3,770,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Natixis Advisors LLC boosted its position in shares of Alliant Energy by 14.7% during the third quarter. Natixis Advisors LLC now owns 196,318 shares of the company’s stock valued at $11,915,000 after buying an additional 25,161 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Alliant Energy during the 3rd quarter valued at $4,742,000. Principal Financial Group Inc. boosted its holdings in Alliant Energy by 9.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,183,765 shares of the company’s stock worth $71,839,000 after acquiring an additional 101,387 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Alliant Energy by 0.6% in the 3rd 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 in the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Alliant Energy by 22.3% in the third quarter. Daiwa Securities Group Inc. now owns 53,600 shares of the company’s stock valued at $3,253,000 after purchasing an additional 9,780 shares during the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Stock Performance

NASDAQ:LNT opened at $59.24 on Wednesday. The company has a market capitalization of $15.20 billion, a P/E ratio of 22.96, a P/E/G ratio of 2.70 and a beta of 0.60. The business has a fifty day simple moving average of $59.65 and a two-hundred day simple moving average of $59.25. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72. Alliant Energy Co. has a 1 year low of $46.80 and a 1 year high of $64.19.

Alliant Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 31st will be paid a $0.5075 dividend. This is a boost from Alliant Energy’s previous quarterly dividend of $0.48. This represents a $2.03 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend is Friday, January 31st. Alliant Energy’s payout ratio is currently 78.68%.

Analyst Ratings Changes

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