Penserra Capital Management LLC Buys 12,907 Shares of Alliant Energy Corporation (NASDAQ:LNT)

Penserra Capital Management LLC grew its holdings in Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 1,985.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,557 shares of the company's stock after acquiring an additional 12,907 shares during the quarter. Penserra Capital Management LLC's holdings in Alliant Energy were worth $872,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. T. Rowe Price Investment Management Inc. boosted its position in shares of Alliant Energy by 9,113.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,187,345 shares of the company's stock worth $247,640,000 after buying an additional 4,141,895 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Alliant Energy in the first quarter valued at approximately $82,496,000. GAMMA Investing LLC lifted its position in shares of Alliant Energy by 6,869.6% in the first 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 during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Alliant Energy during the fourth quarter worth approximately $31,201,000. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Alliant Energy by 7.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,012,572 shares of the company's stock worth $414,724,000 after purchasing an additional 499,802 shares during the period. 79.90% of the stock is currently owned by institutional investors.

Alliant Energy Trading Down 0.8%

LNT traded down $0.52 during midday trading on Friday, hitting $62.08. 1,231,138 shares of the company were exchanged, compared to its average volume of 1,728,017. The firm's 50 day moving average price is $61.25 and its 200-day moving average price is $61.08. Alliant Energy Corporation has a 1-year low of $53.12 and a 1-year 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 capitalization of $15.95 billion, a P/E ratio of 21.41, a P/E/G ratio of 2.95 and a beta of 0.56.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.83 earnings per share for the quarter, topping 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 period last year, the company posted $0.62 EPS. The business's quarterly revenue was up 9.4% on a year-over-year basis. As a group, equities analysts forecast that Alliant Energy Corporation will post 3.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. BMO Capital Markets lowered their target price on Alliant Energy from $66.00 to $64.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Barclays lowered Alliant Energy from an "equal weight" rating to an "underweight" rating and raised their price objective for the stock from $59.00 to $61.00 in a research note on Tuesday, April 22nd. UBS Group raised their price objective on Alliant Energy from $65.00 to $67.00 and gave the stock a "neutral" rating in a research note on Friday. Wolfe Research upgraded Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 price objective on the stock in a research note on Monday, July 7th. Finally, Jefferies Financial Group set a $71.00 price objective on Alliant Energy and gave the stock a "buy" rating in a research note on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Alliant Energy currently has an average rating of "Hold" and an average target price 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.