KBC Group NV Decreases Stock Holdings in Alliant Energy Corporation (NASDAQ:LNT)

KBC Group NV lowered its stake in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 24.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,462 shares of the company's stock after selling 5,435 shares during the period. KBC Group NV's holdings in Alliant Energy were worth $1,059,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LNT. SBI Securities Co. Ltd. purchased a new stake in Alliant Energy during the 4th quarter worth approximately $29,000. Alpine Bank Wealth Management acquired a new stake in Alliant Energy during the 1st quarter worth $29,000. Tsfg LLC acquired a new stake in Alliant Energy during the 1st quarter worth $34,000. Larson Financial Group LLC increased its stake in Alliant Energy by 67.5% in 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 period. Finally, Optiver Holding B.V. increased its stake in Alliant Energy by 382.5% in 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 period. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Alliant Energy Trading Up 0.7%

Shares of NASDAQ:LNT traded up $0.42 during trading on Monday, reaching $61.95. The stock had a trading volume of 2,394,006 shares, compared to its average volume of 1,723,156. The business has a fifty day moving average price of $61.18 and a 200-day moving average price of $61.03. 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 stock has a market cap of $15.91 billion, a P/E ratio of 21.36, a PEG ratio of 2.90 and a beta of 0.56. Alliant Energy Corporation has a fifty-two week low of $51.23 and a fifty-two week 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 EPS 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 analyst estimates of $1.09 billion. During the same quarter in the prior year, the business posted $0.62 earnings per share. Alliant Energy's revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, analysts anticipate that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Barclays downgraded shares of 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 report on Tuesday, April 22nd. Wolfe Research raised shares of Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 price objective on the stock in a report on Monday. 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 report on Friday, March 21st. Wall Street Zen raised shares of Alliant Energy from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Finally, Jefferies Financial Group set a $71.00 price target on shares of Alliant Energy and gave the company a "buy" rating in a report on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Alliant Energy currently has a consensus rating of "Hold" and a consensus price target of $64.32.

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.