United Asset Strategies Inc. Has $3.53 Million Stock Holdings in Alliant Energy Co. (NASDAQ:LNT)

United Asset Strategies Inc. increased its position in shares of Alliant Energy Co. (NASDAQ:LNT) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 59,752 shares of the company’s stock after buying an additional 280 shares during the quarter. United Asset Strategies Inc.’s holdings in Alliant Energy were worth $3,534,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Point72 Asset Management L.P. raised its holdings in shares of 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 worth $97,363,000 after acquiring an additional 771,919 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Alliant Energy by 8.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,512,770 shares of the company’s stock worth $395,260,000 after purchasing an additional 512,429 shares in the last quarter. Retirement Systems of Alabama raised its stake in shares of Alliant Energy by 698.3% in the third quarter. Retirement Systems of Alabama now owns 451,477 shares of the company’s stock worth $27,400,000 after purchasing an additional 394,920 shares during the last quarter. Weiss Asset Management LP bought a new position in shares of Alliant Energy in the third quarter valued at approximately $10,705,000. Finally, Millennium Management LLC boosted its position in shares of Alliant Energy by 2,141.3% during the second quarter. Millennium Management LLC now owns 180,402 shares of the company’s stock valued at $9,182,000 after buying an additional 172,353 shares during the last quarter. Institutional investors own 79.90% of the company’s stock.

Wall Street Analyst Weigh In

LNT has been the subject of a number of analyst reports. Mizuho increased their price target on Alliant Energy from $52.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, October 4th. Scotiabank lowered shares of Alliant Energy from a “sector outperform” rating to a “sector perform” rating and raised their price target for the company from $64.00 to $67.00 in a research report on Thursday, December 12th. Wells Fargo & Company cut their price target on shares of Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. BMO Capital Markets decreased their price objective on shares of 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. Finally, Barclays cut their target price 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. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Alliant Energy presently has an average rating of “Hold” and a consensus price target of $63.39.

Alliant Energy Stock Up 0.1 %

Alliant Energy stock opened at $58.77 on Monday. The firm has a 50 day moving average price of $60.16 and a 200-day moving average price of $59.01. 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 Co. has a twelve month low of $46.80 and a twelve month high of $64.19. The company has a market capitalization of $15.08 billion, a P/E ratio of 22.78, a P/E/G ratio of 2.77 and a beta of 0.60.

Alliant Energy (NASDAQ:LNT) last released its earnings results on Thursday, October 31st. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.05. Alliant Energy had a return on equity of 10.56% and a net margin of 16.66%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period last year, the business posted $1.05 earnings per share. The business’s revenue for the quarter was up .4% on a year-over-year basis. As a group, equities analysts predict that Alliant Energy Co. will post 3.04 EPS for the current year.

Alliant Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 31st will be paid a dividend of $0.5075 per share. 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 dividend yield of 3.45%. The ex-dividend date is Friday, January 31st. Alliant Energy’s dividend payout ratio is presently 74.42%.

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.