Catalyst Capital Advisors LLC Acquires 1,051 Shares of Alliant Energy Co. (NASDAQ:LNT)

Catalyst Capital Advisors LLC lifted its holdings in Alliant Energy Co. (NASDAQ:LNT) by 372.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,333 shares of the company’s stock after acquiring an additional 1,051 shares during the period. Catalyst Capital Advisors LLC’s holdings in Alliant Energy were worth $79,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in LNT. Janus Henderson Group PLC increased its position in Alliant Energy by 0.6% in the 3rd 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 in the last quarter. Geode Capital Management LLC increased its position in Alliant Energy by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 6,593,166 shares of the company’s stock valued at $398,880,000 after buying an additional 92,525 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in 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 valued at $395,260,000 after buying an additional 512,429 shares in the last quarter. Charles Schwab Investment Management Inc. increased 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 valued at $134,518,000 after buying an additional 14,225 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its position in Alliant Energy by 92.7% in 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 buying an additional 771,919 shares in the last quarter. 79.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

LNT has been the subject of a number of research analyst reports. BMO Capital Markets decreased their target price on Alliant Energy from $65.00 to $61.00 and set a “market perform” rating for the company in a research report on Monday, November 4th. Barclays decreased their price objective on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. Wells Fargo & Company decreased their price objective on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Finally, Scotiabank lowered 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 report on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Alliant Energy has an average rating of “Hold” and an average price target of $63.39.

Alliant Energy Price Performance

Shares of NASDAQ LNT opened at $61.67 on Wednesday. Alliant Energy Co. has a twelve month low of $46.80 and a twelve month high of $64.19. The stock’s 50 day moving average price is $59.34 and its 200-day moving average price is $59.57. The company has a market capitalization of $15.82 billion, a PE ratio of 23.90, a PEG ratio of 2.73 and a beta of 0.60. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33.

Alliant Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st were paid a $0.5075 dividend. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend was Friday, January 31st. This is an increase from Alliant Energy’s previous quarterly dividend of $0.48. Alliant Energy’s payout ratio is presently 78.68%.

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.