Pittenger & Anderson Inc. Has $246,000 Holdings in Alliant Energy Co. (NASDAQ:LNT)

Pittenger & Anderson Inc. decreased its position in shares of Alliant Energy Co. (NASDAQ:LNT) by 13.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,163 shares of the company’s stock after selling 637 shares during the period. Pittenger & Anderson Inc.’s holdings in Alliant Energy were worth $246,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. RDA Financial Network boosted its stake in Alliant Energy by 2.4% during the 4th quarter. RDA Financial Network now owns 7,990 shares of the company’s stock valued at $473,000 after purchasing an additional 184 shares during the period. Empirical Finance LLC lifted its holdings in shares of Alliant Energy by 2.2% during the third quarter. Empirical Finance LLC now owns 8,637 shares of the company’s stock worth $524,000 after buying an additional 189 shares during the last quarter. Savant Capital LLC grew its stake in shares of Alliant Energy by 1.5% in the fourth quarter. Savant Capital LLC now owns 15,937 shares of the company’s stock worth $942,000 after acquiring an additional 237 shares during the last quarter. Centennial Wealth Advisory LLC increased its position 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 acquiring an additional 250 shares during the period. Finally, Bleakley Financial Group LLC raised its stake in Alliant Energy by 3.0% during the 3rd quarter. Bleakley Financial Group LLC now owns 8,744 shares of the company’s stock valued at $531,000 after purchasing an additional 251 shares during the last quarter. 79.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on LNT shares. Wells Fargo & Company decreased their price target on shares of Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Barclays lowered their price target on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 6th. Scotiabank downgraded Alliant Energy from a “sector outperform” rating to a “sector perform” rating and raised their price objective for the stock from $64.00 to $67.00 in a research report on Thursday, December 12th. Finally, BMO Capital Markets lowered their price objective 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. Six research 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, the company currently has a consensus rating of “Hold” and an average target price of $63.39.

Alliant Energy Price Performance

NASDAQ LNT opened at $61.33 on Tuesday. 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 Co. has a 52-week low of $46.80 and a 52-week high of $64.19. The business has a 50 day simple moving average of $59.32 and a 200 day simple moving average of $59.54. The stock has a market cap of $15.74 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 2.73 and a beta of 0.60.

Alliant Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 31st will be issued a dividend of $0.5075 per share. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.31%. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, January 31st. Alliant Energy’s dividend payout ratio (DPR) is presently 78.68%.

Alliant Energy 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.