Ensign Peak Advisors Inc lowered its position in shares of Alliant Energy Co. (NASDAQ:LNT) by 0.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126,590 shares of the company’s stock after selling 745 shares during the quarter. Ensign Peak Advisors Inc owned approximately 0.05% of Alliant Energy worth $7,059,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in LNT. Compagnie Lombard Odier SCmA acquired a new position in shares of Alliant Energy during the second quarter valued at approximately $25,000. Eagle Bay Advisors LLC acquired a new stake in shares of Alliant Energy in the second quarter valued at approximately $28,000. Selective Wealth Management Inc. acquired a new stake in shares of Alliant Energy in the second quarter valued at approximately $36,000. AGF Investments LLC acquired a new stake in shares of Alliant Energy in the second quarter valued at approximately $36,000. Finally, Parallel Advisors LLC increased its holdings in shares of Alliant Energy by 51.1% in the second quarter. Parallel Advisors LLC now owns 789 shares of the company’s stock valued at $44,000 after purchasing an additional 267 shares during the last quarter. 75.93% of the stock is owned by institutional investors and hedge funds.
LNT opened at $55.46 on Thursday. Alliant Energy Co. has a 52 week low of $45.99 and a 52 week high of $62.35. The business has a fifty day simple moving average of $59.14 and a 200-day simple moving average of $57.68. The firm has a market cap of $13.88 billion, a P/E ratio of 22.27, a P/E/G ratio of 3.92 and a beta of 0.35. The company has a quick ratio of 0.42, a current ratio of 0.55 and a debt-to-equity ratio of 1.11.
The business also recently announced a quarterly dividend, which was paid on Monday, August 16th. Investors of record on Friday, July 30th were issued a $0.4025 dividend. The ex-dividend date was Thursday, July 29th. This represents a $1.61 dividend on an annualized basis and a yield of 2.90%. Alliant Energy’s dividend payout ratio (DPR) is presently 66.26%.
Several equities research analysts recently commented on the company. Wells Fargo & Company cut Alliant Energy from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $61.56 to $66.00 in a report on Tuesday, August 17th. Guggenheim cut Alliant Energy from a “buy” rating to a “neutral” rating in a report on Tuesday, September 7th. Bank of America cut Alliant Energy from a “buy” rating to a “neutral” rating and cut their price target for the company from $60.89 to $58.00 in a report on Thursday, July 8th. Finally, Scotiabank cut Alliant Energy from a “sector outperform” rating to a “sector perform” rating in a research note on Tuesday, July 6th. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $60.00.
Alliant Energy Profile
Alliant Energy Corp. is a regulated investor-owned public utility holding company that engages in the provision of regulated electricity and natural gas service to natural gas customers in the Midwest through its two public utility subsidiaries. It operates its business through following segments: utility electric operations, utility gas operations; and utility other.
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