GAM Holding AG Invests $1.64 Million in Alliant Energy Co. (NASDAQ:LNT)

GAM Holding AG bought a new stake in shares of Alliant Energy Co. (NASDAQ:LNT) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 27,718 shares of the company’s stock, valued at approximately $1,639,000.

Several other institutional investors and hedge funds have also bought and sold shares of LNT. Exchange Traded Concepts LLC purchased a new stake in shares of Alliant Energy during the third quarter valued at approximately $95,000. Creative Planning grew its holdings in Alliant Energy by 1.9% in the 3rd quarter. Creative Planning now owns 66,868 shares of the company’s stock worth $4,058,000 after acquiring an additional 1,251 shares during the last quarter. Bleakley Financial Group LLC increased its position in shares of Alliant Energy by 3.0% in the third quarter. Bleakley Financial Group LLC now owns 8,744 shares of the company’s stock valued at $531,000 after acquiring an additional 251 shares during the period. Blue Trust Inc. raised its stake in shares of Alliant Energy by 30.0% during the third quarter. Blue Trust Inc. now owns 2,705 shares of the company’s stock valued at $164,000 after acquiring an additional 625 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Alliant Energy by 4.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 187,566 shares of the company’s stock worth $11,383,000 after purchasing an additional 8,712 shares during the period. 79.90% of the stock is currently owned by institutional investors.

Alliant Energy Stock Up 0.4 %

NASDAQ:LNT opened at $61.33 on Tuesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72. The firm’s 50-day moving average price is $59.32 and its 200-day moving average price is $59.54. The company has a market capitalization of $15.74 billion, a PE ratio of 23.77, a P/E/G 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders 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 dividend on an annualized basis and a dividend yield of 3.31%. Alliant Energy’s dividend payout ratio (DPR) is currently 78.68%.

Wall Street Analyst Weigh In

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

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.