Iron Horse Wealth Management LLC Has $437,000 Stock Position in Alliant Energy Co. (NASDAQ:LNT)

Iron Horse Wealth Management LLC boosted its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 50.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,395 shares of the company’s stock after purchasing an additional 2,465 shares during the quarter. Iron Horse Wealth Management LLC’s holdings in Alliant Energy were worth $437,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Natixis Advisors LLC grew its holdings 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 worth $11,915,000 after purchasing an additional 25,161 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Alliant Energy during the third quarter valued at approximately $4,742,000. Principal Financial Group Inc. increased its holdings in shares of Alliant Energy by 9.4% in the third quarter. Principal Financial Group Inc. now owns 1,183,765 shares of the company’s stock valued at $71,839,000 after purchasing an additional 101,387 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in 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 purchasing an additional 14,225 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in shares of Alliant Energy by 22.3% during the third quarter. Daiwa Securities Group Inc. now owns 53,600 shares of the company’s stock valued at $3,253,000 after acquiring an additional 9,780 shares during the period. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Stock Down 0.3 %

NASDAQ:LNT opened at $59.54 on Friday. The stock has a 50-day simple moving average of $59.58 and a 200 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 company has a market cap of $15.28 billion, a PE ratio of 23.08, 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st will be paid a $0.5075 dividend. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.48. This represents a $2.03 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Friday, January 31st. Alliant Energy’s payout ratio is presently 78.68%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Wells Fargo & Company lowered their price target on shares of Alliant Energy from $66.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Scotiabank downgraded Alliant Energy from a “sector outperform” rating to a “sector perform” rating and upped their price objective for the company from $64.00 to $67.00 in a report on Thursday, December 12th. 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 research report on Monday, November 4th. Finally, Barclays decreased 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 report on Wednesday, November 6th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Alliant Energy presently has an average rating of “Hold” and a consensus target price 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.