TD Asset Management Inc. grew its holdings in Alliant Energy Co. (NYSE:LNT) by 14.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 228,451 shares of the utilities provider’s stock after purchasing an additional 29,052 shares during the period. TD Asset Management Inc. owned approximately 0.10% of Alliant Energy worth $9,652,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of LNT. Citadel Advisors LLC increased its stake in shares of Alliant Energy by 101.1% in the 3rd quarter. Citadel Advisors LLC now owns 2,598,627 shares of the utilities provider’s stock valued at $110,624,000 after purchasing an additional 1,306,418 shares during the last quarter. Vanguard Group Inc boosted its holdings in shares of Alliant Energy by 3.3% during the 3rd quarter. Vanguard Group Inc now owns 25,799,199 shares of the utilities provider’s stock valued at $1,098,272,000 after acquiring an additional 833,075 shares in the last quarter. Federated Investors Inc. PA acquired a new stake in shares of Alliant Energy during the 3rd quarter valued at $34,335,000. Renaissance Technologies LLC boosted its holdings in shares of Alliant Energy by 66.4% during the 3rd quarter. Renaissance Technologies LLC now owns 1,769,113 shares of the utilities provider’s stock valued at $75,311,000 after acquiring an additional 706,113 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in shares of Alliant Energy by 41.8% during the 3rd quarter. Deutsche Bank AG now owns 1,154,951 shares of the utilities provider’s stock valued at $49,162,000 after acquiring an additional 340,460 shares in the last quarter. Institutional investors own 71.12% of the company’s stock.
Several research analysts have commented on the company. Wells Fargo & Co lifted their target price on Alliant Energy from $47.00 to $49.00 and gave the stock an “outperform” rating in a report on Wednesday, January 30th. Barclays assumed coverage on Alliant Energy in a report on Friday, January 18th. They set an “equal weight” rating and a $45.00 target price on the stock. Bank of America downgraded Alliant Energy from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 21st. ValuEngine raised Alliant Energy from a “hold” rating to a “buy” rating in a report on Wednesday, November 21st. Finally, Zacks Investment Research raised Alliant Energy from a “sell” rating to a “hold” rating in a report on Wednesday, January 16th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $46.06.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Stockholders of record on Thursday, January 31st will be paid a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 3.16%. This is an increase from Alliant Energy’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Wednesday, January 30th. Alliant Energy’s payout ratio is currently 73.58%.
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Alliant Energy Company Profile
Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the Midwest region of the United States. It operates through three segments: Electric, Gas, and 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.
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