Savant Capital LLC Has $942,000 Holdings in Alliant Energy Co. (NASDAQ:LNT)

Savant Capital LLC boosted its position in Alliant Energy Co. (NASDAQ:LNT) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,937 shares of the company’s stock after buying an additional 237 shares during the period. Savant Capital LLC’s holdings in Alliant Energy were worth $942,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Point72 Asset Management L.P. boosted its stake in 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 worth $97,363,000 after acquiring an additional 771,919 shares in the last quarter. Jennison Associates LLC acquired a new stake in shares of Alliant Energy in the 4th quarter valued at about $32,225,000. Massachusetts Financial Services Co. MA increased its position in Alliant Energy by 8.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,512,770 shares of the company’s stock valued at $395,260,000 after buying an additional 512,429 shares in the last quarter. Retirement Systems of Alabama raised its stake in Alliant Energy by 698.3% during the 3rd quarter. Retirement Systems of Alabama now owns 451,477 shares of the company’s stock worth $27,400,000 after buying an additional 394,920 shares during the period. Finally, Weiss Asset Management LP bought a new position in Alliant Energy in the third quarter worth approximately $10,705,000. Institutional investors own 79.90% of the company’s stock.

Analysts Set New Price Targets

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

Alliant Energy Trading Up 0.4 %

NASDAQ:LNT opened at $61.33 on Friday. The firm’s 50 day moving average is $59.31 and its 200 day moving average is $59.42. Alliant Energy Co. has a 12 month low of $46.80 and a 12 month high of $64.19. The stock has a market capitalization of $15.74 billion, a PE ratio of 23.77, a price-to-earnings-growth ratio of 2.73 and a beta of 0.60. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33.

Alliant Energy Increases Dividend

The company 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 dividend of $0.5075 per share. This is an increase from Alliant Energy’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, January 31st. This represents a $2.03 annualized dividend and a dividend yield of 3.31%. Alliant Energy’s dividend payout ratio is presently 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.