Buck Wealth Strategies LLC Acquires 5,552 Shares of Alliant Energy Co. (NASDAQ:LNT)

Buck Wealth Strategies LLC grew its stake in shares of Alliant Energy Co. (NASDAQ:LNT) by 69.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,584 shares of the company’s stock after buying an additional 5,552 shares during the quarter. Buck Wealth Strategies LLC’s holdings in Alliant Energy were worth $803,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Janus Henderson Group PLC increased its stake in shares of Alliant Energy by 0.6% during the third quarter. Janus Henderson Group PLC now owns 10,691,172 shares of the company’s stock valued at $648,847,000 after buying an additional 65,110 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Alliant Energy by 1.4% during the third quarter. Geode Capital Management LLC now owns 6,593,166 shares of the company’s stock valued at $398,880,000 after purchasing an additional 92,525 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Alliant Energy by 8.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,512,770 shares of the company’s stock worth $395,260,000 after purchasing an additional 512,429 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of 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 valued at $134,518,000 after acquiring an additional 14,225 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its stake in Alliant Energy by 92.7% during the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Trading Up 0.8 %

Shares of LNT stock opened at $59.73 on Thursday. The stock has a fifty day simple moving average of $59.58 and a two-hundred day simple moving average of $59.25. Alliant Energy Co. has a 52-week low of $46.80 and a 52-week high of $64.19. The firm has a market capitalization of $15.33 billion, a PE ratio of 23.15, a PEG ratio of 2.70 and a beta of 0.60. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86.

Alliant Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st will be given a dividend of $0.5075 per share. The ex-dividend date is Friday, January 31st. This represents a $2.03 annualized dividend and a dividend yield of 3.40%. This is a boost from Alliant Energy’s previous quarterly dividend of $0.48. Alliant Energy’s dividend payout ratio (DPR) is presently 78.68%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on LNT shares. BMO Capital Markets cut their price target on shares of Alliant Energy from $65.00 to $61.00 and set a “market perform” rating on the stock in a report on Monday, November 4th. Scotiabank lowered Alliant Energy from a “sector outperform” rating to a “sector perform” rating and lifted their target price for the stock from $64.00 to $67.00 in a report on Thursday, December 12th. Wells Fargo & Company lowered their price target on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Finally, Barclays lowered their target price on shares of Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 6th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $63.39.

Alliant Energy Company Profile

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.