Alphasimplex Group LLC acquired a new position in shares of Alliant Energy Co. (NYSE:LNT) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 8,441 shares of the utilities provider’s stock, valued at approximately $398,000.

A number of other hedge funds also recently made changes to their positions in LNT. Oregon Public Employees Retirement Fund lifted its position in shares of Alliant Energy by 4,072.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,049,786 shares of the utilities provider’s stock worth $25,000 after buying an additional 1,024,625 shares during the last quarter. Sontag Advisory LLC bought a new position in shares of Alliant Energy in the 4th quarter worth about $30,000. Rockefeller Capital Management L.P. bought a new position in shares of Alliant Energy in the 1st quarter worth about $39,000. Berman Capital Advisors LLC lifted its position in shares of Alliant Energy by 268.5% in the 1st quarter. Berman Capital Advisors LLC now owns 877 shares of the utilities provider’s stock worth $41,000 after buying an additional 639 shares during the last quarter. Finally, Icon Wealth Partners LLC bought a new position in shares of Alliant Energy in the 1st quarter worth about $44,000. 71.12% of the stock is owned by institutional investors.

In other Alliant Energy news, Chairman Patricia L. Kampling sold 10,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $46.98, for a total transaction of $469,800.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP James H. Gallegos sold 5,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $47.50, for a total transaction of $237,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock worth $1,182,800 over the last 90 days. 0.25% of the stock is owned by insiders.

A number of research analysts have recently issued reports on the stock. Argus restated a “buy” rating and issued a $52.00 price target on shares of Alliant Energy in a research report on Wednesday, June 5th. Zacks Investment Research downgraded shares of Alliant Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Finally, Wells Fargo & Co lifted their price objective on shares of Alliant Energy from $49.00 to $52.00 and gave the company an “outperform” rating in a research report on Monday, February 25th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Alliant Energy currently has a consensus rating of “Hold” and an average price target of $47.31.

Shares of NYSE:LNT opened at $49.04 on Thursday. The stock has a market capitalization of $11.63 billion, a P/E ratio of 25.41, a PEG ratio of 3.28 and a beta of 0.18. Alliant Energy Co. has a fifty-two week low of $38.91 and a fifty-two week high of $49.94. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.59 and a current ratio of 0.73.

Alliant Energy (NYSE:LNT) last issued its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.02. The firm had revenue of $987.20 million for the quarter, compared to the consensus estimate of $903.85 million. Alliant Energy had a net margin of 15.09% and a return on equity of 11.69%. Alliant Energy’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $0.52 EPS. On average, research analysts expect that Alliant Energy Co. will post 2.15 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were given a $0.355 dividend. The ex-dividend date was Monday, April 29th. This represents a $1.42 annualized dividend and a yield of 2.90%. Alliant Energy’s dividend payout ratio is presently 73.58%.

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About Alliant Energy

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the Midwest region of the United States. It operates through three segments: Electric, Gas, and 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.

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Institutional Ownership by Quarter for Alliant Energy (NYSE:LNT)

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