Susquehanna Fundamental Investments LLC Invests $8.21 Million in Alliant Energy Co. (NASDAQ:LNT)

Susquehanna Fundamental Investments LLC bought a new stake in Alliant Energy Co. (NASDAQ:LNT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 138,763 shares of the company's stock, valued at approximately $8,206,000. Susquehanna Fundamental Investments LLC owned 0.05% of Alliant Energy as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of LNT. SBI Securities Co. Ltd. acquired a new stake in Alliant Energy in the fourth quarter worth $29,000. ORG Partners LLC boosted its position in shares of Alliant Energy by 517.0% during the 4th quarter. ORG Partners LLC now owns 617 shares of the company's stock worth $36,000 after purchasing an additional 517 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of Alliant Energy by 67.5% in the 4th quarter. Larson Financial Group LLC now owns 722 shares of the company's stock valued at $43,000 after buying an additional 291 shares during the period. WASHINGTON TRUST Co increased its position in Alliant Energy by 251.2% in the 4th quarter. WASHINGTON TRUST Co now owns 878 shares of the company's stock valued at $52,000 after buying an additional 628 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new position in Alliant Energy in the fourth quarter worth approximately $53,000. Institutional investors own 79.90% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on LNT shares. Guggenheim reiterated a "neutral" rating and issued a $57.00 target price on shares of Alliant Energy in a report on Monday, February 24th. UBS Group lifted their target price on Alliant Energy from $65.00 to $68.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Barclays lowered Alliant Energy from an "equal weight" rating to an "underweight" rating and increased their price target for the company from $59.00 to $61.00 in a research report on Tuesday, April 22nd. Finally, BMO Capital Markets cut their price objective on shares of Alliant Energy from $66.00 to $64.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Alliant Energy currently has a consensus rating of "Hold" and an average target price of $63.55.

Alliant Energy Stock Performance

Shares of NASDAQ LNT traded up $0.62 during mid-day trading on Friday, reaching $61.17. 1,318,949 shares of the company's stock were exchanged, compared to its average volume of 1,603,826. The firm has a 50-day moving average price of $62.22 and a two-hundred day moving average price of $60.88. 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 firm has a market capitalization of $15.71 billion, a price-to-earnings ratio of 22.74, a price-to-earnings-growth ratio of 2.83 and a beta of 0.52. Alliant Energy Co. has a 52 week low of $49.05 and a 52 week high of $66.54.

Alliant Energy (NASDAQ:LNT - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.68 by $0.02. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. The business had revenue of $976.00 million for the quarter, compared to analyst estimates of $1.14 billion. Analysts predict that Alliant Energy Co. will post 3.23 EPS for the current year.

Alliant Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be issued a dividend of $0.5075 per share. This represents a $2.03 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend is Wednesday, April 30th. Alliant Energy's dividend payout ratio (DPR) is 75.46%.

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.