Capital Advisors Inc. OK Takes Position in Alliant Energy Co. (NASDAQ:LNT)

Capital Advisors Inc. OK acquired a new position in Alliant Energy Co. (NASDAQ:LNT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,780 shares of the company’s stock, valued at approximately $224,000.

Several other large investors also recently added to or reduced their stakes in the business. Larson Financial Group LLC increased its position in Alliant Energy by 7,083.3% in 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 in the last quarter. Northwest Investment Counselors LLC bought a new position in shares of Alliant Energy during the 3rd quarter valued at approximately $28,000. Eastern Bank purchased a new stake in Alliant Energy in the 3rd quarter worth approximately $30,000. JNBA Financial Advisors bought a new stake in Alliant Energy during the 3rd quarter worth approximately $31,000. Finally, ORG Partners LLC lifted its holdings in Alliant Energy by 517.0% during the fourth quarter. ORG Partners LLC now owns 617 shares of the company’s stock valued at $36,000 after purchasing an additional 517 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors.

Alliant Energy Trading Up 0.5 %

Shares of LNT stock opened at $60.63 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $15.56 billion, a price-to-earnings ratio of 23.50, a price-to-earnings-growth ratio of 2.73 and a beta of 0.60. Alliant Energy Co. has a 12-month low of $46.80 and a 12-month high of $64.19. The stock’s 50-day moving average price is $59.34 and its 200-day moving average price is $59.40.

Alliant Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.5075 per share. This represents a $2.03 annualized dividend and a dividend yield of 3.35%. This is a boost from Alliant Energy’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, January 31st. Alliant Energy’s dividend payout ratio is 78.68%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on LNT shares. BMO Capital Markets reduced 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. Wells Fargo & Company cut their price target on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Scotiabank downgraded Alliant Energy from a “sector outperform” rating to a “sector perform” rating and boosted their price objective for the company from $64.00 to $67.00 in a research report on Thursday, December 12th. Finally, Barclays dropped their price objective on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Alliant Energy currently has an average rating of “Hold” and a consensus price target of $63.39.

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.