Alliant Energy Co. (NASDAQ:LNT) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its position in Alliant Energy Co. (NASDAQ:LNT) by 1.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,169,003 shares of the company’s stock after selling 14,762 shares during the period. Principal Financial Group Inc. owned approximately 0.46% of Alliant Energy worth $69,136,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in LNT. Janus Henderson Group PLC grew its holdings in Alliant Energy by 0.6% in the 3rd quarter. Janus Henderson Group PLC now owns 10,691,172 shares of the company’s stock worth $648,847,000 after buying an additional 65,110 shares in the last quarter. Geode Capital Management LLC boosted its position in Alliant Energy by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 6,593,166 shares of the company’s stock worth $398,880,000 after acquiring an additional 92,525 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Alliant Energy by 8.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,512,770 shares of the company’s stock worth $395,260,000 after purchasing an additional 512,429 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Alliant Energy by 0.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,216,475 shares of the company’s stock worth $134,518,000 after purchasing an additional 14,225 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its holdings in shares of Alliant Energy by 92.7% during the third quarter. Point72 Asset Management L.P. now owns 1,604,272 shares of the company’s stock valued at $97,363,000 after purchasing an additional 771,919 shares during the period. Institutional investors and hedge funds own 79.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of Alliant Energy from $66.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Barclays reduced their price target on shares of 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. BMO Capital Markets lowered their price objective on shares of Alliant Energy from $65.00 to $61.00 and set a “market perform” rating on the stock in a research note on Monday, November 4th. Finally, Scotiabank downgraded Alliant Energy from a “sector outperform” rating to a “sector perform” rating and upped their target price for the stock from $64.00 to $67.00 in a research report on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Alliant Energy presently has an average rating of “Hold” and an average price target of $63.39.

Alliant Energy Price Performance

NASDAQ LNT opened at $61.64 on Thursday. Alliant Energy Co. has a 1 year low of $46.80 and a 1 year high of $64.19. The business’s fifty day moving average is $59.37 and its two-hundred day moving average is $59.59. The stock has a market capitalization of $15.82 billion, a P/E ratio of 23.89, a P/E/G ratio of 2.82 and a beta of 0.60. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86.

Alliant Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st were given a dividend of $0.5075 per share. The ex-dividend date of this dividend was Friday, January 31st. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.48. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.29%. Alliant Energy’s payout ratio is 78.68%.

Alliant Energy Company 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.