MQS Management LLC Invests $401,000 in Alliant Energy Corporation (NASDAQ:LNT)

MQS Management LLC purchased a new stake in Alliant Energy Corporation (NASDAQ:LNT - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,230 shares of the company's stock, valued at approximately $401,000.

Other large investors have also added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. grew its holdings in Alliant Energy by 9,113.1% in 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 buying an additional 4,141,895 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in Alliant Energy in the 1st quarter valued at $82,496,000. GAMMA Investing LLC grew its holdings in Alliant Energy by 6,869.6% in the 1st quarter. GAMMA Investing LLC now owns 1,114,027 shares of the company's stock valued at $71,688,000 after buying an additional 1,098,043 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Alliant Energy in the 4th quarter valued at $31,201,000. Finally, Massachusetts Financial Services Co. MA grew its holdings in Alliant Energy by 7.7% in 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 buying an additional 499,802 shares in the last quarter. Institutional investors own 79.90% of the company's stock.

Alliant Energy Trading Up 0.6%

Alliant Energy stock traded up $0.35 during trading hours on Thursday, hitting $63.22. The stock had a trading volume of 1,569,218 shares, compared to its average volume of 1,731,498. 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 $16.24 billion, a price-to-earnings ratio of 21.80, a P/E/G ratio of 2.97 and a beta of 0.56. Alliant Energy Corporation has a one year low of $54.56 and a one year high of $66.54. The business's 50 day simple moving average is $61.36 and its 200-day simple moving average is $61.17.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.83 EPS 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 the consensus estimate of $1.09 billion. During the same period last year, the company earned $0.62 earnings per share. The business's quarterly revenue was up 9.4% on a year-over-year basis. On average, equities analysts predict that Alliant Energy Corporation will post 3.23 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on LNT shares. UBS Group reissued a "neutral" rating and set a $67.00 target price (up from $65.00) on shares of Alliant Energy in a report on Friday, July 11th. Wolfe Research raised Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 target price on the stock in a report on Monday, July 7th. Barclays lowered Alliant Energy from an "equal weight" rating to an "underweight" rating and increased their target price for the stock from $59.00 to $61.00 in a report on Tuesday, April 22nd. Wall Street Zen raised Alliant Energy from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Finally, Jefferies Financial Group set a $71.00 price objective on Alliant Energy and gave the company a "buy" rating in a research note on Tuesday, May 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $64.23.

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.