Alliant Energy Corporation (NASDAQ:LNT) Stock Position Decreased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its position in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 1.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 606,250 shares of the company's stock after selling 9,224 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.24% of Alliant Energy worth $39,012,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Alpine Bank Wealth Management bought a new position in shares of Alliant Energy during the first quarter valued at approximately $29,000. SBI Securities Co. Ltd. bought a new position in shares of Alliant Energy during the fourth quarter valued at approximately $29,000. Tsfg LLC bought a new position in shares of Alliant Energy during the first quarter valued at approximately $34,000. Larson Financial Group LLC grew its holdings in shares of Alliant Energy by 67.5% during the fourth quarter. Larson Financial Group LLC now owns 722 shares of the company's stock valued at $43,000 after purchasing an additional 291 shares during the last quarter. Finally, Optiver Holding B.V. grew its holdings in shares of Alliant Energy by 382.5% during the fourth quarter. Optiver Holding B.V. now owns 912 shares of the company's stock valued at $54,000 after purchasing an additional 723 shares during 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 on Friday, reaching $61.68. 1,893,425 shares of the stock traded hands, compared to its average volume of 1,720,462. The firm's fifty day simple moving average is $61.16 and its 200 day simple moving average is $60.99. The company has a quick ratio of 0.24, a current ratio of 0.34 and a debt-to-equity ratio of 1.21. The company has a market cap of $15.84 billion, a price-to-earnings ratio of 21.27, a P/E/G ratio of 2.90 and a beta of 0.56. Alliant Energy Corporation has a 12 month low of $51.23 and a 12 month high of $66.54.

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

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Barclays lowered Alliant Energy from an "equal weight" rating to an "underweight" rating and upped their target price for the company from $59.00 to $61.00 in a report on Tuesday, April 22nd. Jefferies Financial Group set a $71.00 price objective on Alliant Energy and gave the stock a "buy" rating in a report on Tuesday, May 20th. Wall Street Zen raised Alliant Energy from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. UBS Group increased their price objective on Alliant Energy from $65.00 to $68.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Finally, BMO Capital Markets decreased 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $63.95.

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.