Aigen Investment Management LP Acquires Shares of 7,274 Alliant Energy Corporation (NASDAQ:LNT)

Key Points

• Aigen Investment Management LP acquired 7,274 shares of Alliant Energy Corporation, valued at approximately $468,000, during the first quarter of the year.
• Institutional investors and hedge funds now hold 79.90% of Alliant Energy's stock, reflecting strong interest in the company from large investment firms.
• Alliant Energy recently announced a quarterly dividend of $0.5075 per share, representing an annualized dividend yield of 3.1% based on a payout ratio of 62.65%.

Aigen Investment Management LP purchased a new stake in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 7,274 shares of the company's stock, valued at approximately $468,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LNT. Utah Retirement Systems boosted its position in shares of Alliant Energy by 0.5% in the 4th quarter. Utah Retirement Systems now owns 42,394 shares of the company's stock worth $2,507,000 after purchasing an additional 200 shares during the last quarter. Leavell Investment Management Inc. boosted its position in shares of Alliant Energy by 3.4% in the 1st quarter. Leavell Investment Management Inc. now owns 6,061 shares of the company's stock worth $390,000 after purchasing an additional 200 shares during the last quarter. Moss Adams Wealth Advisors LLC boosted its position in shares of Alliant Energy by 5.9% in the 1st quarter. Moss Adams Wealth Advisors LLC now owns 3,629 shares of the company's stock worth $234,000 after purchasing an additional 201 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of Alliant Energy by 28.9% in the 1st quarter. Larson Financial Group LLC now owns 931 shares of the company's stock worth $60,000 after purchasing an additional 209 shares during the last quarter. Finally, Integrated Wealth Concepts LLC boosted its position in shares of Alliant Energy by 5.0% in the 4th quarter. Integrated Wealth Concepts LLC now owns 4,428 shares of the company's stock worth $262,000 after purchasing an additional 211 shares during the last quarter. 79.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LNT has been the topic of a number of recent research reports. Barclays downgraded Alliant Energy from an "equal weight" rating to an "underweight" rating and lifted their target price for the company from $59.00 to $61.00 in a research report on Tuesday, April 22nd. Jefferies Financial Group set a $71.00 target price on Alliant Energy and gave the company a "buy" rating in a research report on Tuesday, May 20th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $68.00 target price (up previously from $66.00) on shares of Alliant Energy in a research report on Monday, August 11th. Wall Street Zen raised Alliant Energy from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Finally, UBS Group restated a "neutral" rating and set a $67.00 price objective (up previously from $65.00) on shares of Alliant Energy in a report on Friday, July 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $65.50.

Alliant Energy Trading Down 0.2%

LNT traded down $0.10 during trading on Friday, reaching $64.62. 3,185,516 shares of the stock traded hands, compared to its average volume of 1,895,437. The company has a quick ratio of 0.24, a current ratio of 0.57 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $16.61 billion, a PE ratio of 19.94, a P/E/G ratio of 3.05 and a beta of 0.53. The stock's 50-day moving average is $62.87 and its 200 day moving average is $62.09. Alliant Energy Corporation has a 12 month low of $56.08 and a 12 month high of $66.76.

Alliant Energy (NASDAQ:LNT - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.68 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.06. The business had revenue of $961.00 million for the quarter, compared to analysts' expectations of $977.15 million. Alliant Energy had a net margin of 20.07% and a return on equity of 12.25%. The business's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.57 earnings per share. Equities analysts anticipate that Alliant Energy Corporation will post 3.23 earnings per share for the current year.

Alliant Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were given a dividend of $0.5075 per share. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Thursday, July 31st. Alliant Energy's dividend payout ratio is 62.65%.

Alliant Energy 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.