Longboard Asset Management LP Buys Shares of 3,522 Alliant Energy Co. (NASDAQ:LNT)

Longboard Asset Management LP purchased a new stake in Alliant Energy Co. (NASDAQ:LNT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,522 shares of the company’s stock, valued at approximately $208,000.

Other large investors also recently modified their holdings of the company. Natixis Advisors LLC lifted its stake in shares of Alliant Energy by 14.7% in the 3rd quarter. Natixis Advisors LLC now owns 196,318 shares of the company’s stock valued at $11,915,000 after acquiring an additional 25,161 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Alliant Energy in the 3rd quarter valued at $4,742,000. Principal Financial Group Inc. lifted its stake in shares of Alliant Energy by 9.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,183,765 shares of the company’s stock valued at $71,839,000 after acquiring an additional 101,387 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of 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 acquiring 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% in the 3rd 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 last quarter. 79.90% of the stock is currently owned by institutional investors.

Alliant Energy Stock Performance

Shares of Alliant Energy stock opened at $59.24 on Wednesday. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33. The business has a 50-day moving average price of $59.73 and a two-hundred day moving average price of $59.22. Alliant Energy Co. has a 1-year low of $46.80 and a 1-year high of $64.19. The company has a market cap of $15.20 billion, a P/E ratio of 22.96, a PEG ratio of 2.70 and a beta of 0.60.

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 issued a dividend of $0.5075 per share. This is an increase from Alliant Energy’s previous quarterly dividend of $0.48. This represents a $2.03 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date is Friday, January 31st. Alliant Energy’s dividend payout ratio (DPR) is presently 78.68%.

Analyst Upgrades and Downgrades

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