Sumitomo Mitsui DS Asset Management Company Ltd Purchases 841 Shares of Alliant Energy Co. (NASDAQ:LNT)

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Alliant Energy Co. (NASDAQ:LNT) by 3.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,587 shares of the company’s stock after buying an additional 841 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Alliant Energy were worth $1,691,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Larson Financial Group LLC boosted its position in shares of Alliant Energy by 7,083.3% in the third quarter. Larson Financial Group LLC now owns 431 shares of the company’s stock valued at $26,000 after acquiring an additional 425 shares during the period. Northwest Investment Counselors LLC acquired a new position in Alliant Energy during the 3rd quarter valued at $28,000. Eastern Bank bought a new stake in Alliant Energy in the 3rd quarter valued at $30,000. JNBA Financial Advisors bought a new stake in Alliant Energy in the 3rd quarter valued at $31,000. Finally, ORG Partners LLC grew its position in Alliant Energy by 517.0% in the 4th quarter. ORG Partners LLC now owns 617 shares of the company’s stock worth $36,000 after purchasing an additional 517 shares during the last quarter. 79.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Alliant Energy Trading Up 0.7 %

Shares of LNT opened at $59.87 on Tuesday. The stock has a 50 day simple moving average of $59.42 and a 200-day simple moving average of $59.34. 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 cap of $15.36 billion, a PE ratio of 23.21, a PEG ratio of 2.73 and a beta of 0.60. Alliant Energy Co. has a 1 year low of $46.80 and a 1 year high of $64.19.

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 issued 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 dividend yield of 3.39%. Alliant Energy’s dividend payout ratio (DPR) is presently 78.68%.

Alliant Energy 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.