Alliant Energy (NYSE:LNT) Downgraded to "Sell" at Zacks Investment Research

(NYSE:LNT) by 44.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 38,078,225 shares of the company's stock after buying an additional 814,234 shares during the period. Gilbert & Cook Inc. acquired a new stake in shares of Alliant Energy in the fourth quarter valued at about $426,000.

Several other institutional investors have also sold shares of the company. About 1.89M shares traded or 21.50% up from the average. TIAA FSB bought a new position in shares of Alliant Energy during the 4th quarter worth approximately $432,000. BlackRock Inc. grew its position in shares of Alliant Energy by 3.3% in the 4th quarter. Renaissance Technologies LLC now owns 500,400 shares of the utilities provider's stock worth $20,101,000 after acquiring an additional 456,500 shares during the last quarter.

Pggm Investments decreased its stake in Alliant Energy Corp Com (LNT) by 76.95% based on its latest 2017Q3 regulatory filing with the SEC. Vanguard Group Inc. now owns 23,675,021 shares of the utilities provider's stock worth $951,025,000 after purchasing an additional 580,804 shares during the last quarter. Finally, Bank of America began coverage on Alliant Energy in a research report on Tuesday, October 24th. Bank of New York Mellon Corp now owns 2,733,995 shares of the utilities provider's stock worth $113,651,000 after buying an additional 70,174 shares during the period. Moreover, Horrell Capital Management Inc. has 1.08% invested in the company for 100,000 shares. Guggenheim reaffirmed a "hold" rating and issued a $43.00 price target on shares of Alliant Energy in a research note on Wednesday, January 3rd. Wells Fargo & Co lowered Alliant Energy from an "outperform" rating to a "market perform" rating in a research note on Monday, December 18th. Alliant Energy Corporation (NYSE:LNT) has risen 11.22% since February 11, 2017 and is uptrending. The stock has "Buy" rating by Argus Research on Thursday, August 25. Alliant Energy has a consensus rating of "Hold" and an average price target of $42.80. Louisiana State Employees Retirement System raised its holdings in Alliant Energy Corporation by 0.7% during the 2nd quarter. Alliant Energy Co. has a 12-month low of $36.84 and a 12-month high of $45.55. The firm has a market capitalization of $9,180.00, a price-to-earnings ratio of 20.77, a price-to-earnings-growth ratio of 3.26 and a beta of 0.35. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.36 and a current ratio of 0.51.

Alliant Energy announced that its Board of Directors has approved a stock buyback plan on Monday, January 15th that permits the company to buyback outstanding shares. This buyback authorization authorizes the utilities provider to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company's board believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be given a dividend of $0.335 per share. The stock had opened the regular trading at $37.78 and managed a -1.86% price change to reach $37.51 through the close. With that said, researchers took a deep dive into the hotly debated question: is it too early to buy Alliant Energy Corporation (NYSE:LNT). Macquarie Research downgraded the stock to "Neutral" rating in Tuesday, January 24 report. Parallax Volatility Advisers Ltd Partnership has 0% invested in Alliant Energy Corporation (NYSE:LNT) for 72 shares.

COPYRIGHT VIOLATION WARNING: "Dubuque Bank & Trust Co". Alliant Energy had 18 analyst reports since August 7, 2015 according to SRatingsIntel. "(LNT)" was first posted by Week Herald and is the sole property of of Week Herald. If you are accessing this report on another domain, it was copied illegally and republished in violation of United States and worldwide copyright and trademark laws. The correct version of this report can be viewed at https://weekherald.com/2018/02/10/dubuque-bank-trust-co-raises-holdings-in-alliant-energy-co-lnt.html.

Alliant Energy Corporation operates as a regulated investor-owned public utility holding company. The company, through its subsidiary, Interstate Power and Light Company, primarily generates and distributes electricity, and distributes and transports natural gas to retail clients in Iowa; sells electricity to wholesale clients in Minnesota, Illinois, and Iowa; and generates and distributes steam in Cedar Rapids, Iowa. The hedge fund run by Jonathon Jacobson held 339,232 shares of the health care company at the end of 2017Q3, valued at $19.69 million, down from 389,232 at the end of the previous reported quarter.

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