Lincoln Capital Corp lowered its stake in Alliant Energy Co. (NYSE:LNT) by 3.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,260 shares of the utilities provider’s stock after selling 1,496 shares during the quarter. Alliant Energy makes up 2.2% of Lincoln Capital Corp’s investment portfolio, making the stock its 18th largest position. Lincoln Capital Corp’s holdings in Alliant Energy were worth $2,549,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Ellenbecker Investment Group bought a new stake in shares of Alliant Energy in the second quarter valued at about $225,000. Carroll Financial Associates Inc. boosted its position in shares of Alliant Energy by 39.2% in the second quarter. Carroll Financial Associates Inc. now owns 3,187 shares of the utilities provider’s stock valued at $156,000 after acquiring an additional 897 shares during the period. Contravisory Investment Management Inc. bought a new stake in shares of Alliant Energy in the second quarter valued at about $334,000. Dubuque Bank & Trust Co. boosted its position in shares of Alliant Energy by 8.8% in the second quarter. Dubuque Bank & Trust Co. now owns 5,233 shares of the utilities provider’s stock valued at $257,000 after acquiring an additional 424 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in shares of Alliant Energy by 3.2% in the second quarter. Nisa Investment Advisors LLC now owns 296,740 shares of the utilities provider’s stock valued at $14,564,000 after acquiring an additional 9,300 shares during the period. Institutional investors and hedge funds own 71.12% of the company’s stock.
LNT stock traded up $0.18 during midday trading on Friday, reaching $51.68. The company had a trading volume of 1,522,195 shares, compared to its average volume of 1,316,679. The company has a market capitalization of $12.32 billion, a price-to-earnings ratio of 26.78, a price-to-earnings-growth ratio of 3.28 and a beta of 0.18. The stock has a 50 day moving average price of $53.16 and a 200-day moving average price of $50.53. Alliant Energy Co. has a 1-year low of $40.68 and a 1-year high of $54.59. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.73 and a quick ratio of 0.59.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is Wednesday, October 30th. Alliant Energy’s dividend payout ratio (DPR) is presently 73.58%.
Separately, UBS Group boosted their price target on Alliant Energy from $49.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $50.36.
In other Alliant Energy news, SVP James H. Gallegos sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $52.29, for a total transaction of $261,450.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Leon David A. De bought 941 shares of the stock in a transaction on Tuesday, September 3rd. The shares were acquired at an average cost of $53.15 per share, with a total value of $50,014.15. The disclosure for this purchase can be found here. 0.25% of the stock is owned by insiders.
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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