Catalyst Capital Advisors LLC Acquires 1,051 Shares of Alliant Energy Co. (NASDAQ:LNT)

Catalyst Capital Advisors LLC grew its holdings in Alliant Energy Co. (NASDAQ:LNT) by 372.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,333 shares of the company’s stock after purchasing an additional 1,051 shares during the period. Catalyst Capital Advisors LLC’s holdings in Alliant Energy were worth $79,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC increased its stake in shares of Alliant Energy by 7,083.3% in the 3rd quarter. Larson Financial Group LLC now owns 431 shares of the company’s stock valued at $26,000 after purchasing an additional 425 shares during the last quarter. Northwest Investment Counselors LLC acquired a new stake in shares of Alliant Energy during the 3rd quarter valued at $28,000. Eastern Bank acquired a new stake in shares of Alliant Energy during the 3rd quarter valued at $30,000. JNBA Financial Advisors acquired a new stake in shares of Alliant Energy during the 3rd quarter valued at $31,000. Finally, ORG Partners LLC boosted its holdings in shares of Alliant Energy by 517.0% during the 4th quarter. ORG Partners LLC now owns 617 shares of the company’s stock valued at $36,000 after acquiring an additional 517 shares in the last quarter. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Up 0.6 %

Shares of LNT opened at $61.67 on Wednesday. The company has a market capitalization of $15.82 billion, a PE ratio of 23.90, a PEG ratio of 2.73 and a beta of 0.60. Alliant Energy Co. has a 12 month low of $46.80 and a 12 month high of $64.19. The stock’s 50-day moving average price is $59.34 and its two-hundred day moving average price is $59.57. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33.

Alliant Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st were given a $0.5075 dividend. The ex-dividend date of this dividend was Friday, January 31st. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.48. This represents a $2.03 annualized dividend and a dividend yield of 3.29%. Alliant Energy’s dividend payout ratio (DPR) is 78.68%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on LNT shares. BMO Capital Markets cut their price objective 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 cut their price objective on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Scotiabank downgraded Alliant Energy from a “sector outperform” rating to a “sector perform” rating and raised their price objective for the company from $64.00 to $67.00 in a report on Thursday, December 12th. Finally, Barclays cut their price objective on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Alliant Energy has an average rating of “Hold” and a consensus target price 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.