Machina Capital S.A.S. Invests $658,000 in Alliant Energy Corporation (NASDAQ:LNT)

Machina Capital S.A.S. bought a new stake in Alliant Energy Corporation (NASDAQ:LNT - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 10,232 shares of the company's stock, valued at approximately $658,000.

A number of other hedge funds have also made changes to their positions in LNT. AE Wealth Management LLC boosted its holdings in shares of Alliant Energy by 21.0% in the 1st quarter. AE Wealth Management LLC now owns 274,603 shares of the company's stock valued at $17,671,000 after buying an additional 47,606 shares during the period. Wedbush Securities Inc. boosted its holdings in shares of Alliant Energy by 9.3% in the 1st quarter. Wedbush Securities Inc. now owns 7,246 shares of the company's stock valued at $466,000 after buying an additional 615 shares during the period. Y Intercept Hong Kong Ltd boosted its holdings in shares of Alliant Energy by 18.6% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 14,359 shares of the company's stock valued at $924,000 after buying an additional 2,248 shares during the period. Lindbrook Capital LLC boosted its holdings in shares of Alliant Energy by 1,074.7% in the 1st quarter. Lindbrook Capital LLC now owns 3,301 shares of the company's stock valued at $212,000 after buying an additional 3,020 shares during the period. Finally, Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Alliant Energy by 3.9% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 19,810 shares of the company's stock valued at $1,275,000 after buying an additional 737 shares during the period. Hedge funds and other institutional investors own 79.90% of the company's stock.

Alliant Energy Trading Down 0.4%

Shares of LNT stock traded down $0.27 during trading hours on Friday, reaching $64.94. 1,417,865 shares of the stock traded hands, compared to its average volume of 1,931,559. Alliant Energy Corporation has a 1-year low of $54.98 and a 1-year high of $66.54. The business has a fifty day moving average price of $61.82 and a 200 day moving average price of $61.44. 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 capitalization of $16.68 billion, a PE ratio of 22.39, a PEG ratio of 3.08 and a beta of 0.56.

Alliant Energy (NASDAQ:LNT - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.83 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the firm posted $0.62 earnings per share. The firm's revenue was up 9.4% on a year-over-year basis. On average, equities research analysts forecast that Alliant Energy Corporation will post 3.23 EPS for the current year.

Alliant Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 31st will be given a $0.5075 dividend. This represents a $2.03 annualized dividend and a yield of 3.13%. The ex-dividend date is Thursday, July 31st. Alliant Energy's dividend payout ratio is 70.00%.

Analyst Upgrades and Downgrades

LNT has been the subject of a number of analyst reports. Wall Street Zen raised shares of 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 target price on shares of Alliant Energy and gave the company a "buy" rating in a research note on Tuesday, May 20th. Barclays lowered shares of Alliant Energy from an "equal weight" rating to an "underweight" rating and boosted their target price for the company from $59.00 to $61.00 in a research note on Tuesday, April 22nd. BMO Capital Markets reduced 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 note on Tuesday, April 22nd. Finally, Wolfe Research upgraded shares of Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 price target on the stock in a research report on Monday, July 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $64.23.

About Alliant Energy

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.