Illinois Municipal Retirement Fund Raises Holdings in Alliant Energy Corporation (NASDAQ:LNT)

Illinois Municipal Retirement Fund increased its stake in Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 52.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 117,102 shares of the company's stock after buying an additional 40,052 shares during the period. Illinois Municipal Retirement Fund's holdings in Alliant Energy were worth $7,536,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Utah Retirement Systems raised its stake in shares of Alliant Energy by 0.5% during the fourth quarter. Utah Retirement Systems now owns 42,394 shares of the company's stock valued at $2,507,000 after acquiring an additional 200 shares in the last quarter. Moss Adams Wealth Advisors LLC raised its position in Alliant Energy by 5.9% during the 1st quarter. Moss Adams Wealth Advisors LLC now owns 3,629 shares of the company's stock valued at $234,000 after purchasing an additional 201 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings 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 buying an additional 211 shares during the period. RDA Financial Network grew its position in shares of Alliant Energy by 2.9% during the 1st quarter. RDA Financial Network now owns 8,224 shares of the company's stock worth $529,000 after buying an additional 234 shares in the last quarter. Finally, Accredited Investors Inc. grew its position in shares of Alliant Energy by 7.6% during the 4th quarter. Accredited Investors Inc. now owns 3,691 shares of the company's stock worth $218,000 after buying an additional 262 shares in the last quarter. Institutional investors own 79.90% of the company's stock.

Alliant Energy Stock Performance

Shares of LNT stock traded down $0.56 on Wednesday, hitting $60.80. The company had a trading volume of 775,903 shares, compared to its average volume of 1,997,781. Alliant Energy Corporation has a twelve month low of $50.76 and a twelve month high of $66.54. 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 firm has a market cap of $15.62 billion, a P/E ratio of 20.99, a price-to-earnings-growth ratio of 2.85 and a beta of 0.56. The company has a 50-day moving average price of $61.14 and a 200-day moving average price of $60.95.

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

Analyst Ratings Changes

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