IRON Financial LLC Invests $829,000 in Alliant Energy Corporation (NASDAQ:LNT)

IRON Financial LLC bought a new stake in Alliant Energy Corporation (NASDAQ:LNT - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 12,878 shares of the company's stock, valued at approximately $829,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LNT. T. Rowe Price Investment Management Inc. lifted 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. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Alliant Energy in the 1st quarter worth approximately $82,496,000. GAMMA Investing LLC lifted its position in shares of Alliant Energy by 6,869.6% in the 1st quarter. GAMMA Investing LLC now owns 1,114,027 shares of the company's stock worth $71,688,000 after acquiring an additional 1,098,043 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Alliant Energy during the fourth quarter valued at approximately $31,201,000. Finally, Massachusetts Financial Services Co. MA raised 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 purchasing an additional 499,802 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company's stock.

Alliant Energy Price Performance

NASDAQ LNT traded up $0.92 during trading hours on Thursday, reaching $61.68. 1,893,425 shares of the company's stock were exchanged, compared to its average volume of 1,716,701. The firm has a fifty day moving average of $61.14 and a 200-day moving average of $60.95. Alliant Energy Corporation has a one year low of $50.76 and a one year high of $66.54. The stock has a market cap of $15.84 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 2.89 and a beta of 0.56. The company has a current ratio of 0.34, a quick ratio of 0.24 and a debt-to-equity ratio of 1.21.

Alliant Energy (NASDAQ:LNT - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.71 by $0.12. Alliant Energy had a net margin of 18.26% and a return on equity of 12.01%. The business had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.09 billion. During the same period in the prior year, the firm earned $0.62 earnings per share. Alliant Energy's revenue was up 9.4% compared to the same quarter last year. On average, equities research analysts predict that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. BMO Capital Markets decreased their price target on shares of Alliant Energy from $66.00 to $64.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Wall Street Zen upgraded shares of Alliant Energy from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Jefferies Financial Group set a $71.00 price target on shares of Alliant Energy and gave the stock a "buy" rating in a research report on Tuesday, May 20th. UBS Group lifted their price objective on Alliant Energy from $65.00 to $68.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Finally, Barclays lowered Alliant Energy from an "equal weight" rating to an "underweight" rating and upped their price objective for the company from $59.00 to $61.00 in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $63.95.

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.