Rhumbline Advisers Has $39.29 Million Stock Holdings in Alliant Energy Corporation $LNT

Rhumbline Advisers increased its position in shares of Alliant Energy Corporation (NASDAQ:LNT) by 4.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 582,776 shares of the company’s stock after buying an additional 23,988 shares during the quarter. Rhumbline Advisers owned about 0.23% of Alliant Energy worth $39,285,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Centaurus Financial Inc. grew its position in Alliant Energy by 9.7% in the 2nd quarter. Centaurus Financial Inc. now owns 1,896 shares of the company’s stock valued at $115,000 after purchasing an additional 167 shares during the period. Integrity Alliance LLC. increased its position in shares of Alliant Energy by 3.0% during the second quarter. Integrity Alliance LLC. now owns 6,006 shares of the company’s stock worth $363,000 after acquiring an additional 173 shares in the last quarter. CFC Planning Co LLC raised its holdings in shares of Alliant Energy by 3.7% in the 2nd quarter. CFC Planning Co LLC now owns 5,451 shares of the company’s stock worth $330,000 after acquiring an additional 197 shares during the last quarter. State of Michigan Retirement System boosted its stake in Alliant Energy by 0.3% during the 2nd quarter. State of Michigan Retirement System now owns 69,859 shares of the company’s stock valued at $4,224,000 after purchasing an additional 200 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC increased its holdings in Alliant Energy by 3.5% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 6,114 shares of the company’s stock worth $412,000 after purchasing an additional 205 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Stock Up 2.2%

LNT stock opened at $71.19 on Friday. Alliant Energy Corporation has a fifty-two week low of $57.09 and a fifty-two week high of $71.38. The stock has a fifty day moving average of $66.13 and a 200-day moving average of $66.36. The company has a market capitalization of $18.30 billion, a price-to-earnings ratio of 22.39, a PEG ratio of 2.90 and a beta of 0.67. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.70 and a current ratio of 0.83.

Alliant Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Friday, January 30th will be paid a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, January 30th. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.51. Alliant Energy’s dividend payout ratio is presently 67.30%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LNT. Argus reaffirmed a “hold” rating on shares of Alliant Energy in a research report on Friday, January 9th. Wall Street Zen lowered shares of Alliant Energy from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Alliant Energy in a research report on Monday, December 29th. BMO Capital Markets raised shares of Alliant Energy from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $70.00 to $71.00 in a research report on Tuesday, January 13th. Finally, Barclays upgraded Alliant Energy from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $65.00 to $67.00 in a research note on Wednesday, January 21st. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Alliant Energy has an average rating of “Moderate Buy” and an average price target of $71.13.

Alliant Energy Company Profile

Alliant Energy Corporation (NASDAQ: LNT) is a publicly traded energy holding company headquartered in Madison, Wisconsin, that provides regulated electric and natural gas utility services in the American Midwest. The company serves customers primarily in Wisconsin and Iowa through its regulated utility subsidiaries and operates as an integrated provider responsible for generation, transmission and distribution of energy to residential, commercial and industrial customers.

Alliant Energy’s core activities include operating and maintaining electric generation assets, managing the regional transmission and distribution network, and delivering natural gas service to its franchise territories.