4,938 Shares in Alliant Energy Co. (NASDAQ:LNT) Bought by Two Sigma Securities LLC

Two Sigma Securities LLC bought a new position in Alliant Energy Co. (NASDAQ:LNT) in the fourth quarter, HoldingsChannel.com reports. The firm bought 4,938 shares of the company’s stock, valued at approximately $292,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LNT. Vanguard Group Inc. boosted its position in shares of Alliant Energy by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 32,663,708 shares of the company’s stock worth $1,931,732,000 after acquiring an additional 226,275 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Alliant Energy by 7.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,012,572 shares of the company’s stock valued at $414,724,000 after buying an additional 499,802 shares during the period. Geode Capital Management LLC increased its stake in shares of Alliant Energy by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 6,695,767 shares of the company’s stock valued at $395,017,000 after buying an additional 102,601 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in shares of Alliant Energy by 9,113.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,187,345 shares of the company’s stock valued at $247,640,000 after buying an additional 4,141,895 shares during the period. Finally, Pictet Asset Management Holding SA increased its stake in shares of Alliant Energy by 1.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 4,076,660 shares of the company’s stock valued at $241,094,000 after buying an additional 72,748 shares during the period. 79.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on LNT shares. BMO Capital Markets decreased their price target on Alliant Energy from $66.00 to $64.00 and set a “market perform” rating for the company in a research note on Tuesday, April 22nd. Guggenheim restated a “neutral” rating and set a $57.00 target price on shares of Alliant Energy in a research report on Monday, February 24th. Barclays lowered Alliant Energy from an “equal weight” rating to an “underweight” rating and upped their target price for the company from $59.00 to $61.00 in a research report on Tuesday, April 22nd. Finally, UBS Group increased their price target on Alliant Energy from $65.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $63.55.

Alliant Energy Stock Performance

NASDAQ:LNT opened at $60.90 on Tuesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72. The company has a market capitalization of $15.64 billion, a P/E ratio of 22.64, a P/E/G ratio of 2.83 and a beta of 0.52. Alliant Energy Co. has a 1 year low of $49.05 and a 1 year high of $66.54. The business has a fifty day simple moving average of $62.32 and a two-hundred day simple moving average of $60.87.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.68 by $0.02. The business had revenue of $976.00 million for the quarter, compared to the consensus estimate of $1.14 billion. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. On average, analysts expect that Alliant Energy Co. will post 3.23 earnings per share for the current year.

Alliant Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be issued a $0.5075 dividend. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date is Wednesday, April 30th. Alliant Energy’s payout ratio is 75.46%.

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.