Livforsakringsbolaget Skandia Omsesidigt Has $239,000 Stock Holdings in Alliant Energy Co. (NASDAQ:LNT)

Livforsakringsbolaget Skandia Omsesidigt reduced its position in shares of Alliant Energy Co. (NASDAQ:LNT) by 11.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,033 shares of the company’s stock after selling 500 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Alliant Energy were worth $239,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. RDA Financial Network increased its holdings in shares of Alliant Energy by 2.4% during the fourth quarter. RDA Financial Network now owns 7,990 shares of the company’s stock valued at $473,000 after acquiring an additional 184 shares in the last quarter. Empirical Finance LLC increased its stake in Alliant Energy by 2.2% during the 3rd quarter. Empirical Finance LLC now owns 8,637 shares of the company’s stock valued at $524,000 after purchasing an additional 189 shares in the last quarter. Centennial Wealth Advisory LLC raised its holdings in Alliant Energy by 4.0% during the third quarter. Centennial Wealth Advisory LLC now owns 6,433 shares of the company’s stock worth $390,000 after buying an additional 250 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in shares of Alliant Energy by 3.0% in the third quarter. Bleakley Financial Group LLC now owns 8,744 shares of the company’s stock valued at $531,000 after buying an additional 251 shares in the last quarter. Finally, City State Bank grew its holdings in shares of Alliant Energy by 0.4% during the fourth quarter. City State Bank now owns 71,547 shares of the company’s stock valued at $4,231,000 after buying an additional 257 shares during the last quarter. 79.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. 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 report on Wednesday, November 6th. Wells Fargo & Company dropped their target price on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. BMO Capital Markets cut their target price on 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, Scotiabank lowered Alliant Energy from a “sector outperform” rating to a “sector perform” rating and increased their price target for the company from $64.00 to $67.00 in a research report on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Alliant Energy currently has a consensus rating of “Hold” and a consensus target price of $63.39.

Alliant Energy Stock Down 0.1 %

LNT stock opened at $59.47 on Friday. Alliant Energy Co. has a 1-year low of $46.80 and a 1-year high of $64.19. The stock has a market cap of $15.26 billion, a P/E ratio of 23.05, a P/E/G ratio of 2.73 and a beta of 0.60. The stock’s fifty day simple moving average is $59.49 and its two-hundred day simple moving average is $59.25. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33.

Alliant Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors 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 yield of 3.41%. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.48. Alliant Energy’s dividend payout ratio is presently 78.68%.

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.