BI Asset Management Fondsmaeglerselskab A S Lowers Stake in Alliant Energy Corporation $LNT

BI Asset Management Fondsmaeglerselskab A S decreased its position in Alliant Energy Corporation (NASDAQ:LNT) by 97.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,395 shares of the company’s stock after selling 518,079 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Alliant Energy were worth $836,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in LNT. Savant Capital LLC grew its stake in shares of Alliant Energy by 14.2% in the third quarter. Savant Capital LLC now owns 18,873 shares of the company’s stock valued at $1,272,000 after buying an additional 2,345 shares in the last quarter. Checchi Capital Advisers LLC purchased a new position in Alliant Energy during the 3rd quarter valued at about $205,000. J.W. Cole Advisors Inc. boosted its holdings in Alliant Energy by 11.0% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 45,017 shares of the company’s stock valued at $3,035,000 after acquiring an additional 4,446 shares during the period. Hantz Financial Services Inc. grew its position in Alliant Energy by 256.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 560 shares of the company’s stock valued at $38,000 after acquiring an additional 403 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Alliant Energy by 0.4% during the third quarter. Envestnet Asset Management Inc. now owns 714,986 shares of the company’s stock worth $48,197,000 after purchasing an additional 2,729 shares during the period. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company assumed coverage on shares of Alliant Energy in a report on Tuesday, January 20th. They set an “overweight” rating and a $71.00 target price on the stock. Wall Street Zen cut Alliant Energy from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Alliant Energy in a research note on Monday, December 29th. HSBC upgraded Alliant Energy from a “hold” rating to a “buy” rating in a report on Wednesday, January 21st. Finally, Wolfe Research reiterated an “outperform” rating and issued a $76.00 price objective on shares of Alliant Energy in a research note on Monday, December 1st. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $71.13.

Alliant Energy Stock Up 0.3%

LNT opened at $66.90 on Tuesday. Alliant Energy Corporation has a one year low of $57.09 and a one year high of $69.75. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.70 and a current ratio of 0.83. The stock has a market capitalization of $17.20 billion, a P/E ratio of 21.04, a price-to-earnings-growth ratio of 2.72 and a beta of 0.67. The business’s 50-day simple moving average is $65.87 and its 200-day simple moving average is $66.23.

Alliant Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Friday, January 30th will be paid a dividend of $0.535 per share. This is a boost from Alliant Energy’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Friday, January 30th. This represents a $2.14 annualized dividend and a dividend yield of 3.2%. Alliant Energy’s dividend payout ratio is presently 67.30%.

Alliant Energy Profile

Alliant Energy Corporation (NASDAQ: LNT) is a publicly traded energy holding company headquartered in Madison, Wisconsin, that provides regulated electric and natural gas utility services in the American Midwest. The company serves customers primarily in Wisconsin and Iowa through its regulated utility subsidiaries and operates as an integrated provider responsible for generation, transmission and distribution of energy to residential, commercial and industrial customers.

Alliant Energy’s core activities include operating and maintaining electric generation assets, managing the regional transmission and distribution network, and delivering natural gas service to its franchise territories.