Savant Capital LLC Has $344,000 Stake in Alliant Energy Co. (LNT)

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Savant Capital LLC increased its stake in shares of Alliant Energy Co. (NYSE:LNT) by 63.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 8,134 shares of the utilities provider’s stock after purchasing an additional 3,153 shares during the quarter. Savant Capital LLC’s holdings in Alliant Energy were worth $344,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IFP Advisors Inc increased its position in shares of Alliant Energy by 6.3% during the 4th quarter. IFP Advisors Inc now owns 4,060 shares of the utilities provider’s stock valued at $171,000 after purchasing an additional 242 shares during the last quarter. GWM Advisors LLC increased its position in shares of Alliant Energy by 0.5% during the 4th quarter. GWM Advisors LLC now owns 48,270 shares of the utilities provider’s stock valued at $2,039,000 after purchasing an additional 254 shares during the last quarter. Coastline Trust Co increased its position in shares of Alliant Energy by 0.9% during the 4th quarter. Coastline Trust Co now owns 31,900 shares of the utilities provider’s stock valued at $1,348,000 after purchasing an additional 280 shares during the last quarter. CWM LLC increased its position in shares of Alliant Energy by 2.7% during the 4th quarter. CWM LLC now owns 10,660 shares of the utilities provider’s stock valued at $450,000 after purchasing an additional 284 shares during the last quarter. Finally, Advisor Partners LLC increased its position in shares of Alliant Energy by 4.4% during the 4th quarter. Advisor Partners LLC now owns 10,542 shares of the utilities provider’s stock valued at $445,000 after purchasing an additional 447 shares during the last quarter. 71.12% of the stock is currently owned by hedge funds and other institutional investors.

LNT opened at $44.92 on Tuesday. Alliant Energy Co. has a 12-month low of $37.85 and a 12-month high of $46.58. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.59 and a current ratio of 0.73. The firm has a market cap of $10.66 billion, a PE ratio of 23.27, a PEG ratio of 3.28 and a beta of 0.18.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 15th. Stockholders of record on Thursday, January 31st will be given a dividend of $0.355 per share. This is an increase from Alliant Energy’s previous quarterly dividend of $0.34. The ex-dividend date is Wednesday, January 30th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 3.16%. Alliant Energy’s dividend payout ratio is presently 73.58%.

Several equities analysts have commented on the company. Bank of America downgraded Alliant Energy from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 21st. ValuEngine raised Alliant Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, November 21st. Mizuho reaffirmed a “hold” rating and issued a $44.50 price objective on shares of Alliant Energy in a research report on Thursday, November 29th. Argus upped their price objective on Alliant Energy from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Tuesday, December 18th. Finally, Wells Fargo & Co upped their price objective on Alliant Energy from $47.00 to $48.00 and gave the company a “market perform” rating in a research report on Thursday, November 8th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $46.06.

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Alliant Energy Company Profile

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the Midwest region of the United States. It operates through three segments: Electric, Gas, and 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.

Further Reading: Price-Sales Ratio

Institutional Ownership by Quarter for Alliant Energy (NYSE:LNT)

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