Stephens Inc. AR Has $1.80 Million Holdings in Alliant Energy Co. (NASDAQ:LNT)

Stephens Inc. AR lessened its stake in Alliant Energy Co. (NASDAQ:LNT) by 81.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,413 shares of the company’s stock after selling 133,084 shares during the quarter. Stephens Inc. AR’s holdings in Alliant Energy were worth $1,799,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Ritholtz Wealth Management acquired a new position in Alliant Energy in the 3rd quarter worth $256,000. Exchange Traded Concepts LLC acquired a new position in Alliant Energy during the third quarter valued at approximately $95,000. Creative Planning grew its stake in shares of Alliant Energy by 1.9% in the third quarter. Creative Planning now owns 66,868 shares of the company’s stock valued at $4,058,000 after buying an additional 1,251 shares in the last quarter. Hutchens & Kramer Investment Management Group LLC acquired a new position in shares of Alliant Energy during the 3rd quarter worth approximately $215,000. Finally, LaFleur & Godfrey LLC acquired a new position in Alliant Energy in the 3rd quarter valued at about $211,000. Institutional investors and hedge funds own 79.90% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on LNT shares. BMO Capital Markets lowered their target price on Alliant Energy from $65.00 to $61.00 and set a “market perform” rating on the stock in a research note on Monday, November 4th. Scotiabank cut shares of 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 report on Thursday, December 12th. Barclays decreased their price target on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company reduced 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. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Alliant Energy currently has an average rating of “Hold” and a consensus price target of $63.39.

Alliant Energy Price Performance

Shares of NASDAQ:LNT opened at $60.63 on Thursday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86. The company’s 50-day moving average is $59.34 and its 200 day moving average is $59.40. Alliant Energy Co. has a fifty-two week low of $46.80 and a fifty-two week high of $64.19. The company has a market capitalization of $15.56 billion, a P/E ratio of 23.50, a price-to-earnings-growth ratio of 2.73 and a beta of 0.60.

Alliant Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st will be paid a $0.5075 dividend. This is a boost from Alliant Energy’s previous quarterly dividend of $0.48. This represents a $2.03 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend is Friday, January 31st. Alliant Energy’s payout ratio is 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.