ProShare Advisors LLC raised its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 7.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,421 shares of the company’s stock after buying an additional 2,888 shares during the quarter. ProShare Advisors LLC’s holdings in Alliant Energy were worth $2,310,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Compagnie Lombard Odier SCmA acquired a new position in shares of Alliant Energy during the second quarter worth approximately $25,000. Eagle Bay Advisors LLC acquired a new position in shares of Alliant Energy during the second quarter worth approximately $28,000. Selective Wealth Management Inc. bought a new stake in shares of Alliant Energy during the second quarter valued at approximately $36,000. AGF Investments LLC bought a new stake in shares of Alliant Energy during the second quarter valued at approximately $36,000. Finally, Parallel Advisors LLC increased its position in shares of Alliant Energy by 51.1% during 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 period. Institutional investors own 75.93% of the company’s stock.
Shares of NASDAQ:LNT opened at $55.46 on Thursday. The business’s fifty day moving average price is $59.14 and its two-hundred day moving average price is $57.68. Alliant Energy Co. has a fifty-two week low of $45.99 and a fifty-two week high of $62.35. The stock has a market capitalization of $13.88 billion, a price-to-earnings ratio of 22.27, a price-to-earnings-growth ratio of 3.92 and a beta of 0.35. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.55 and a quick ratio of 0.42.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 16th. Shareholders of record on Friday, July 30th were paid a $0.4025 dividend. This represents a $1.61 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date was Thursday, July 29th. Alliant Energy’s dividend payout ratio is currently 66.26%.
A number of research firms have recently issued reports on LNT. Wells Fargo & Company cut Alliant Energy from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $61.56 to $66.00 in a research report on Tuesday, August 17th. Guggenheim cut Alliant Energy from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 7th. Bank of America cut Alliant Energy from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $60.89 to $58.00 in a research report on Thursday, July 8th. Finally, Scotiabank cut Alliant Energy from a “sector outperform” rating to a “sector perform” rating in a research report on Tuesday, July 6th. They noted that the move was a valuation call. Seven 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 currently has a consensus rating of “Hold” and a consensus price target of $60.00.
Alliant Energy Company 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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