Livforsakringsbolaget Skandia Omsesidigt Sells 500 Shares of Alliant Energy Co. (NASDAQ:LNT)

Livforsakringsbolaget Skandia Omsesidigt lowered its stake in Alliant Energy Co. (NASDAQ:LNT) by 11.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,033 shares of the company’s stock after selling 500 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Alliant Energy were worth $239,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in LNT. Larson Financial Group LLC increased its holdings in Alliant Energy by 7,083.3% in the 3rd quarter. Larson Financial Group LLC now owns 431 shares of the company’s stock worth $26,000 after purchasing an additional 425 shares in the last quarter. Northwest Investment Counselors LLC bought a new stake in shares of Alliant Energy during the third quarter worth about $28,000. Eastern Bank acquired a new position in shares of Alliant Energy in the third quarter valued at approximately $30,000. JNBA Financial Advisors bought a new position in Alliant Energy in the 3rd quarter valued at approximately $31,000. Finally, ORG Partners LLC boosted its position in Alliant Energy by 517.0% during the 4th quarter. ORG Partners LLC now owns 617 shares of the company’s stock worth $36,000 after buying an additional 517 shares during the period. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LNT has been the subject of several recent research reports. Wells Fargo & Company decreased their price target on shares of Alliant Energy from $66.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Barclays lowered their target price on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 6th. Scotiabank lowered Alliant Energy from a “sector outperform” rating to a “sector perform” rating and upped their price target for the company from $64.00 to $67.00 in a research report on Thursday, December 12th. Finally, BMO Capital Markets lowered their price objective on Alliant Energy from $65.00 to $61.00 and set a “market perform” rating for the company in a research report on Monday, November 4th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Alliant Energy currently has an average rating of “Hold” and a consensus price target of $63.39.

Alliant Energy Stock Down 0.1 %

Shares of NASDAQ:LNT opened at $59.47 on Friday. Alliant Energy Co. has a 1 year low of $46.80 and a 1 year high of $64.19. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72. The business’s 50-day moving average is $59.49 and its 200-day moving average is $59.25. The company has a market capitalization of $15.26 billion, a price-to-earnings ratio of 23.05, a P/E/G ratio of 2.73 and a beta of 0.60.

Alliant Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st will be issued a dividend of $0.5075 per share. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.41%. 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 presently 78.68%.

About Alliant Energy

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.