Money Concepts Capital Corp Has $3.77 Million Holdings in Alliant Energy Co. (NASDAQ:LNT)

Money Concepts Capital Corp lifted its stake in shares of Alliant Energy Co. (NASDAQ:LNT) by 3.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,748 shares of the company’s stock after purchasing an additional 1,974 shares during the quarter. Money Concepts Capital Corp’s holdings in Alliant Energy were worth $3,770,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC grew its stake in shares of Alliant Energy by 7,083.3% during the third quarter. Larson Financial Group LLC now owns 431 shares of the company’s stock worth $26,000 after buying an additional 425 shares during the last quarter. Northwest Investment Counselors LLC bought a new stake in Alliant Energy during the 3rd quarter worth $28,000. Eastern Bank acquired a new position in Alliant Energy in the 3rd quarter worth about $30,000. JNBA Financial Advisors bought a new position in Alliant Energy in the third quarter valued at about $31,000. Finally, ORG Partners LLC grew its holdings in shares of Alliant Energy by 517.0% during the fourth quarter. ORG Partners LLC now owns 617 shares of the company’s stock worth $36,000 after purchasing an additional 517 shares during the last quarter. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LNT has been the topic of several recent research reports. Scotiabank downgraded shares of Alliant Energy from a “sector outperform” rating to a “sector perform” rating and lifted their target price for the stock from $64.00 to $67.00 in a research report on Thursday, December 12th. BMO Capital Markets cut their price target on shares of Alliant Energy from $65.00 to $61.00 and set a “market perform” rating on the stock in a report on Monday, November 4th. Wells Fargo & Company decreased their price objective on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating for the company in a report 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 report on Wednesday, November 6th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Alliant Energy currently has an average rating of “Hold” and an average target price of $63.39.

Alliant Energy Stock Performance

LNT stock opened at $59.24 on Wednesday. The firm has a market cap of $15.20 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 2.70 and a beta of 0.60. The stock has a 50-day moving average price of $59.65 and a 200-day moving average price of $59.25. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33. Alliant Energy Co. has a 1-year low of $46.80 and a 1-year high of $64.19.

Alliant Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st will be paid a $0.5075 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $2.03 annualized dividend and a dividend yield of 3.43%. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.48. Alliant Energy’s payout ratio is currently 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.