New York State Teachers Retirement System lessened its position in Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 1.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 269,256 shares of the company's stock after selling 4,302 shares during the quarter. New York State Teachers Retirement System owned about 0.10% of Alliant Energy worth $17,327,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. increased its position in Alliant Energy by 9,113.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,187,345 shares of the company's stock worth $247,640,000 after acquiring an additional 4,141,895 shares during the period. Vaughan Nelson Investment Management L.P. bought a new position in shares of Alliant Energy during the 1st quarter worth about $82,496,000. GAMMA Investing LLC raised its position in shares of Alliant Energy by 6,869.6% during the first quarter. GAMMA Investing LLC now owns 1,114,027 shares of the company's stock valued at $71,688,000 after buying an additional 1,098,043 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Alliant Energy in the fourth quarter valued at about $31,201,000. Finally, Massachusetts Financial Services Co. MA grew its position in Alliant Energy by 7.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,012,572 shares of the company's stock worth $414,724,000 after buying an additional 499,802 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company's stock.
Analyst Upgrades and Downgrades
LNT has been the subject of several recent research reports. Jefferies Financial Group set a $71.00 price target on Alliant Energy and gave the company a "buy" rating in a report on Tuesday, May 20th. Barclays downgraded Alliant Energy from an "equal weight" rating to an "underweight" rating and raised their target price for the stock from $59.00 to $61.00 in a research report on Tuesday, April 22nd. Wall Street Zen upgraded Alliant Energy from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. BMO Capital Markets cut their price objective on Alliant Energy from $66.00 to $64.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Finally, UBS Group boosted their target price on shares of Alliant Energy from $65.00 to $68.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. One research 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $63.95.
Read Our Latest Research Report on LNT
Alliant Energy Price Performance
Shares of NASDAQ:LNT traded up $0.92 during midday trading on Friday, reaching $61.68. The company's stock had a trading volume of 1,893,425 shares, compared to its average volume of 1,720,462. Alliant Energy Corporation has a fifty-two week low of $51.23 and a fifty-two week high of $66.54. The business's fifty day simple moving average is $61.16 and its 200-day simple moving average is $60.99. The company has a market capitalization of $15.84 billion, a P/E ratio of 21.27, a P/E/G ratio of 2.90 and a beta of 0.56. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.34 and a quick ratio of 0.24.
Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.83 earnings per share for the quarter, topping 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 firm had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same quarter in the previous year, the company posted $0.62 EPS. Alliant Energy's revenue was up 9.4% on a year-over-year basis. As a group, equities research analysts expect that Alliant Energy Corporation will post 3.23 EPS for the current fiscal year.
About Alliant Energy
(
Free Report)
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.
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