19,363 Shares in Alliant Energy Co. (NASDAQ:LNT) Bought by USA Financial Formulas

USA Financial Formulas purchased a new stake in shares of Alliant Energy Co. (NASDAQ:LNT) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 19,363 shares of the company’s stock, valued at approximately $1,145,000.

A number of other large investors have also recently bought and sold shares of the business. Point72 Asset Management L.P. bought a new stake in shares of Alliant Energy during the 2nd quarter valued at about $42,367,000. Massachusetts Financial Services Co. MA boosted its holdings in shares of Alliant Energy by 8.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,512,770 shares of the company’s stock worth $395,260,000 after buying an additional 512,429 shares in the last quarter. Retirement Systems of Alabama boosted its holdings in shares of Alliant Energy by 698.3% during the 3rd quarter. Retirement Systems of Alabama now owns 451,477 shares of the company’s stock worth $27,400,000 after buying an additional 394,920 shares in the last quarter. Weiss Asset Management LP bought a new stake in shares of Alliant Energy in the 3rd quarter valued at $10,705,000. Finally, Millennium Management LLC lifted its position in shares of Alliant Energy by 2,141.3% during the 2nd quarter. Millennium Management LLC now owns 180,402 shares of the company’s stock valued at $9,182,000 after acquiring an additional 172,353 shares during the period. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Alliant Energy Price Performance

Shares of NASDAQ:LNT opened at $58.47 on Thursday. 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 stock has a market cap of $15.00 billion, a PE ratio of 22.66, a price-to-earnings-growth ratio of 2.65 and a beta of 0.60. The stock’s fifty day simple moving average is $60.05 and its two-hundred day simple moving average is $58.54. Alliant Energy Co. has a 1-year low of $46.80 and a 1-year high of $64.19.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Thursday, October 31st. The company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.05. Alliant Energy had a net margin of 16.66% and a return on equity of 10.56%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the firm earned $1.05 earnings per share. The firm’s revenue was up .4% on a year-over-year basis. As a group, analysts forecast that Alliant Energy Co. will post 3.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LNT. BMO Capital Markets reduced their price target on shares of Alliant Energy from $65.00 to $61.00 and set a “market perform” rating for the company in a report on Monday, November 4th. Wells Fargo & Company decreased their target price on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Mizuho upped their price target on Alliant Energy from $52.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, October 4th. Jefferies Financial Group initiated coverage on Alliant Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $67.00 price objective for the company. Finally, Barclays cut their target price 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently 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.