Buck Wealth Strategies LLC Increases Holdings in Alliant Energy Co. (NASDAQ:LNT)

Buck Wealth Strategies LLC increased its stake in Alliant Energy Co. (NASDAQ:LNT) by 69.1% in the 4th quarter, HoldingsChannel reports. The fund owned 13,584 shares of the company’s stock after acquiring an additional 5,552 shares during the period. Buck Wealth Strategies LLC’s holdings in Alliant Energy were worth $803,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Centennial Wealth Advisory LLC boosted its position in shares of Alliant Energy by 10.2% during the fourth quarter. Centennial Wealth Advisory LLC now owns 7,087 shares of the company’s stock valued at $419,000 after buying an additional 654 shares during the period. Money Concepts Capital Corp lifted its holdings in shares of Alliant Energy by 3.2% in the 4th quarter. Money Concepts Capital Corp now owns 63,748 shares of the company’s stock worth $3,770,000 after buying an additional 1,974 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Alliant Energy by 37.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,690 shares of the company’s stock worth $1,529,000 after buying an additional 6,935 shares in the last quarter. Spirit of America Management Corp NY raised its holdings in shares of Alliant Energy by 15.4% in the fourth quarter. Spirit of America Management Corp NY now owns 5,250 shares of the company’s stock valued at $310,000 after acquiring an additional 700 shares in the last quarter. Finally, Yousif Capital Management LLC raised its holdings in shares of Alliant Energy by 1.2% in the 4th quarter. Yousif Capital Management LLC now owns 50,770 shares of the company’s stock valued at $3,003,000 after purchasing an additional 588 shares in the last quarter. 79.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Alliant Energy Stock Performance

Shares of NASDAQ LNT opened at $59.73 on Thursday. The stock has a market cap 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 Co. has a 12 month low of $46.80 and a 12 month high of $64.19. 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 company has a 50 day simple moving average of $59.58 and a two-hundred day simple moving average of $59.25.

Alliant Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st will be given a dividend of $0.5075 per share. The ex-dividend date is Friday, January 31st. This is a boost from Alliant Energy’s previous quarterly dividend of $0.48. This represents a $2.03 dividend on an annualized basis and a yield of 3.40%. Alliant Energy’s dividend payout ratio is currently 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.