Centennial Wealth Advisory LLC Buys 654 Shares of Alliant Energy Co. (NASDAQ:LNT)

Centennial Wealth Advisory LLC increased its stake in shares of Alliant Energy Co. (NASDAQ:LNT) by 10.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,087 shares of the company’s stock after acquiring an additional 654 shares during the quarter. Centennial Wealth Advisory LLC’s holdings in Alliant Energy were worth $419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of LNT. RDA Financial Network grew its position in shares of Alliant Energy by 2.4% in the 4th quarter. RDA Financial Network now owns 7,990 shares of the company’s stock worth $473,000 after buying an additional 184 shares during the last quarter. Empirical Finance LLC grew its position in shares of Alliant Energy by 2.2% in the 3rd quarter. Empirical Finance LLC now owns 8,637 shares of the company’s stock worth $524,000 after buying an additional 189 shares during the last quarter. Bleakley Financial Group LLC grew its position in shares of Alliant Energy by 3.0% in the 3rd quarter. Bleakley Financial Group LLC now owns 8,744 shares of the company’s stock worth $531,000 after buying an additional 251 shares during the last quarter. City State Bank grew its position in shares of Alliant Energy by 0.4% in the 4th quarter. City State Bank now owns 71,547 shares of the company’s stock worth $4,231,000 after buying an additional 257 shares during the last quarter. Finally, Rise Advisors LLC grew its position in shares of Alliant Energy by 5.0% in the 3rd quarter. Rise Advisors LLC now owns 5,528 shares of the company’s stock worth $335,000 after buying an additional 261 shares during the last quarter. 79.90% of the stock is currently owned by institutional investors.

Alliant Energy Stock Up 0.8 %

Shares of NASDAQ:LNT opened at $59.73 on Thursday. Alliant Energy Co. has a 12-month low of $46.80 and a 12-month high of $64.19. The stock has a fifty day simple moving average of $59.58 and a two-hundred day simple moving average 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. The stock has a market capitalization of $15.33 billion, a price-to-earnings ratio of 23.15, a PEG ratio of 2.70 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. 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 3.40%. This is a boost from Alliant Energy’s previous quarterly dividend of $0.48. Alliant Energy’s payout ratio is currently 78.68%.

Wall Street Analysts Forecast Growth

LNT has been the topic of a number of recent analyst reports. Scotiabank lowered Alliant Energy from a “sector outperform” rating to a “sector perform” rating and lifted their price objective for the stock from $64.00 to $67.00 in a research report on Thursday, December 12th. 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 note on Wednesday, November 6th. BMO Capital Markets lowered their target price on 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. Finally, Wells Fargo & Company lowered their target price 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. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $63.39.

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.