Ffcm LLC grew its holdings in shares of Alliant Energy Co. (NYSE:LNT) by 23.3% in the 4th quarter, Holdings Channel reports. The firm owned 11,517 shares of the utilities provider’s stock after acquiring an additional 2,178 shares during the quarter. Ffcm LLC’s holdings in Alliant Energy were worth $491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Field & Main Bank purchased a new stake in shares of Alliant Energy during the 4th quarter valued at $169,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Alliant Energy during the 3rd quarter valued at $187,000. Csenge Advisory Group purchased a new stake in shares of Alliant Energy during the 3rd quarter valued at $207,000. Independent Advisor Alliance purchased a new stake in shares of Alliant Energy during the 3rd quarter valued at $211,000. Finally, Keybank National Association OH purchased a new stake in shares of Alliant Energy during the 3rd quarter valued at $213,000. 68.97% of the stock is owned by hedge funds and other institutional investors.

Shares of Alliant Energy Co. (LNT) opened at $38.63 on Wednesday. Alliant Energy Co. has a twelve month low of $36.84 and a twelve month high of $45.55. The firm has a market capitalization of $8,896.75, a PE ratio of 20.77, a P/E/G ratio of 3.38 and a beta of 0.35. The company has a quick ratio of 0.36, a current ratio of 0.51 and a debt-to-equity ratio of 1.02.

Alliant Energy announced that its Board of Directors has authorized a stock repurchase program on Monday, January 15th that permits the company to repurchase shares. This repurchase authorization permits the utilities provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be issued a $0.335 dividend. The ex-dividend date is Tuesday, January 30th. This represents a $1.34 annualized dividend and a yield of 3.47%. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.32. Alliant Energy’s dividend payout ratio (DPR) is 72.04%.

LNT has been the subject of several recent research reports. Zacks Investment Research lowered Alliant Energy from a “hold” rating to a “sell” rating in a report on Wednesday, January 24th. UBS Group initiated coverage on Alliant Energy in a report on Friday, February 2nd. They issued a “neutral” rating and a $40.00 price objective for the company. Guggenheim reissued a “hold” rating and issued a $43.00 price objective on shares of Alliant Energy in a report on Wednesday, January 3rd. Wells Fargo & Co lowered Alliant Energy from an “outperform” rating to a “market perform” rating in a report on Monday, December 18th. Finally, Bank of America initiated coverage on Alliant Energy in a report on Tuesday, October 24th. They issued a “neutral” rating and a $45.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. Alliant Energy presently has a consensus rating of “Hold” and an average price target of $42.80.

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Alliant Energy Profile

Alliant Energy Corporation operates as a regulated investor-owned public utility holding company. The Company’s segments include Utility and Non-regulated, Parent and Other. The Utility segment includes the operations of Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL), which serve retail customers in Iowa and Wisconsin.

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Institutional Ownership by Quarter for Alliant Energy (NYSE:LNT)

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