Arvest Bank Trust Division Has $1.94 Million Holdings in Alliant Energy Corporation $LNT

Arvest Bank Trust Division cut its position in shares of Alliant Energy Corporation (NASDAQ:LNT) by 30.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,740 shares of the company’s stock after selling 12,593 shares during the quarter. Arvest Bank Trust Division’s holdings in Alliant Energy were worth $1,937,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in LNT. Merit Financial Group LLC lifted its position in shares of Alliant Energy by 22.5% in the 3rd quarter. Merit Financial Group LLC now owns 11,887 shares of the company’s stock valued at $801,000 after acquiring an additional 2,187 shares in the last quarter. Founders Financial Alliance LLC acquired a new stake in Alliant Energy during the 3rd quarter valued at $235,000. Vanguard Group Inc. lifted its holdings in shares of Alliant Energy by 0.3% in the third quarter. Vanguard Group Inc. now owns 33,401,682 shares of the company’s stock valued at $2,251,607,000 after purchasing an additional 97,980 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of Alliant Energy by 4.4% in the third quarter. HighTower Advisors LLC now owns 47,139 shares of the company’s stock worth $3,178,000 after buying an additional 1,966 shares during the period. Finally, Public Sector Pension Investment Board boosted its position in shares of Alliant Energy by 4.8% in the third quarter. Public Sector Pension Investment Board now owns 55,380 shares of the company’s stock worth $3,733,000 after buying an additional 2,544 shares during the period. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LNT has been the subject of several research analyst reports. HSBC raised Alliant Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, January 21st. Wall Street Zen lowered shares of Alliant Energy from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Jefferies Financial Group restated a “buy” rating and set a $78.00 price target on shares of Alliant Energy in a report on Monday, November 24th. Barclays raised shares of Alliant Energy from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $65.00 to $67.00 in a research report on Wednesday, January 21st. Finally, BMO Capital Markets upgraded shares of Alliant Energy from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $70.00 to $71.00 in a research report on Tuesday, January 13th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Alliant Energy currently has an average rating of “Moderate Buy” and a consensus price target of $71.13.

Alliant Energy Stock Performance

Shares of NASDAQ LNT opened at $71.19 on Tuesday. The business’s 50-day simple moving average is $66.26 and its 200-day simple moving average is $66.41. 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 Corporation has a 52 week low of $57.09 and a 52 week high of $71.38. The firm has a market cap of $18.30 billion, a price-to-earnings ratio of 22.39, a P/E/G ratio of 2.90 and a beta of 0.67.

Alliant Energy Increases Dividend

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

Alliant Energy 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.