Alliant Energy Corporation (NASDAQ:LNT) Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lifted its stake in Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 811.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,219 shares of the company's stock after acquiring an additional 12,659 shares during the period. Exchange Traded Concepts LLC's holdings in Alliant Energy were worth $915,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in LNT. Vanguard Group Inc. increased its position in Alliant Energy by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 32,663,708 shares of the company's stock valued at $1,931,732,000 after buying an additional 226,275 shares in the last quarter. Janus Henderson Group PLC grew its stake in Alliant Energy by 0.7% during the 4th quarter. Janus Henderson Group PLC now owns 10,768,159 shares of the company's stock valued at $636,829,000 after purchasing an additional 76,987 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Alliant Energy by 7.7% during the 4th 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 during the last quarter. Geode Capital Management LLC grew its stake in Alliant Energy by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 6,695,767 shares of the company's stock valued at $395,017,000 after purchasing an additional 102,601 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its stake in Alliant Energy by 9,113.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,187,345 shares of the company's stock valued at $247,640,000 after purchasing an additional 4,141,895 shares during the last quarter. 79.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LNT has been the topic of several research analyst reports. Wall Street Zen upgraded Alliant Energy from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Jefferies Financial Group set a $71.00 price target on Alliant Energy and gave the company a "buy" rating in a research note on Tuesday, May 20th. UBS Group boosted their price target on Alliant Energy from $65.00 to $68.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Barclays downgraded Alliant Energy from an "equal weight" rating to an "underweight" rating and boosted their price target for the company from $59.00 to $61.00 in a research note on Tuesday, April 22nd. Finally, Guggenheim restated a "neutral" rating and issued a $57.00 target price on shares of Alliant Energy in a research note on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $63.95.

Alliant Energy Price Performance

LNT stock traded up $0.80 during mid-day trading on Monday, reaching $61.34. 1,596,899 shares of the company's stock were exchanged, compared to its average volume of 1,702,141. The company has a market cap of $15.76 billion, a price-to-earnings ratio of 21.15, a price-to-earnings-growth ratio of 2.86 and a beta of 0.57. The stock's 50 day moving average is $61.15 and its 200 day moving average is $60.95. 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 Corporation has a 12-month low of $50.01 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, topping analysts' consensus estimates of $0.71 by $0.12. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.09 billion. Alliant Energy had a return on equity of 12.01% and a net margin of 18.26%. Alliant Energy's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.62 earnings per share. On average, research analysts expect that Alliant Energy Corporation will post 3.23 EPS for the current year.

Alliant Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were issued a dividend of $0.5075 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.31%. Alliant Energy's payout ratio is currently 70.00%.

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.