Tyche Wealth Partners LLC Has $438,000 Stock Position in Alliant Energy Co. (NASDAQ:LNT)

Tyche Wealth Partners LLC lowered its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 17.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,412 shares of the company’s stock after selling 1,595 shares during the period. Tyche Wealth Partners LLC’s holdings in Alliant Energy were worth $438,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in LNT. Sanctuary Advisors LLC bought a new position in Alliant Energy in the second quarter worth approximately $1,144,000. Czech National Bank boosted its holdings in Alliant Energy by 7.0% in the third quarter. Czech National Bank now owns 52,251 shares of the company’s stock worth $3,171,000 after acquiring an additional 3,396 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in Alliant Energy by 444.2% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,533 shares of the company’s stock worth $275,000 after acquiring an additional 3,700 shares in the last quarter. Fiduciary Financial Group LLC boosted its holdings in Alliant Energy by 10.0% in the third quarter. Fiduciary Financial Group LLC now owns 6,758 shares of the company’s stock worth $403,000 after acquiring an additional 617 shares in the last quarter. Finally, Perfromance Wealth Partners LLC boosted its holdings in Alliant Energy by 8.8% in the third quarter. Perfromance Wealth Partners LLC now owns 7,369 shares of the company’s stock worth $447,000 after acquiring an additional 595 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Stock Performance

Shares of LNT opened at $59.54 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $15.28 billion, a price-to-earnings ratio of 23.08, a PEG ratio of 2.70 and a beta of 0.60. The stock has a 50 day moving average of $59.58 and a 200 day moving average of $59.25. Alliant Energy Co. has a 12 month low of $46.80 and a 12 month high of $64.19.

Alliant Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 31st will be given a dividend of $0.5075 per share. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.41%. This is an increase from Alliant Energy’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, January 31st. Alliant Energy’s dividend payout ratio (DPR) is presently 78.68%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LNT. Barclays cut their price target 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. Wells Fargo & Company dropped their target price on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. BMO Capital Markets dropped their target price 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. Finally, Scotiabank lowered Alliant Energy from a “sector outperform” rating to a “sector perform” rating and raised their target price for the company from $64.00 to $67.00 in a report on Thursday, December 12th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $63.39.

About Alliant Energy

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.