Penserra Capital Management LLC Increases Stake in Alliant Energy Corporation (NASDAQ:LNT)

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

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LNT. Alpine Bank Wealth Management acquired a new position in shares of Alliant Energy in the 1st quarter valued at $29,000. SBI Securities Co. Ltd. acquired a new position in shares of Alliant Energy in the 4th quarter valued at $29,000. Tsfg LLC acquired a new position in shares of Alliant Energy in the 1st quarter valued at $34,000. Larson Financial Group LLC boosted its holdings in shares of Alliant Energy by 67.5% in the 4th quarter. Larson Financial Group LLC now owns 722 shares of the company's stock valued at $43,000 after buying an additional 291 shares in the last quarter. Finally, Optiver Holding B.V. boosted its holdings in shares of Alliant Energy by 382.5% in the 4th quarter. Optiver Holding B.V. now owns 912 shares of the company's stock valued at $54,000 after buying an additional 723 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on LNT shares. UBS Group upped their target price on shares of Alliant Energy from $65.00 to $67.00 and gave the company a "neutral" rating in a report on Friday. Barclays cut shares of Alliant Energy from an "equal weight" rating to an "underweight" rating and upped their target price for the company from $59.00 to $61.00 in a report on Tuesday, April 22nd. Wolfe Research upgraded shares of Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 target price for the company in a report on Monday, July 7th. Wall Street Zen upgraded shares of Alliant Energy from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Finally, BMO Capital Markets reduced their price target 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $64.23.

Alliant Energy Stock Performance

LNT stock traded down $0.52 on Friday, hitting $62.08. The company's stock had a trading volume of 1,231,138 shares, compared to its average volume of 1,730,578. The firm has a 50 day moving average of $61.25 and a two-hundred day moving average of $61.09. Alliant Energy Corporation has a 1 year low of $53.12 and a 1 year high of $66.54. The stock has a market cap of $15.95 billion, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 2.93 and a beta of 0.56. The company has a current ratio of 0.34, a quick ratio of 0.24 and a debt-to-equity ratio of 1.21.

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, topping analysts' consensus estimates of $0.71 by $0.12. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.09 billion. Alliant Energy had a net margin of 18.26% and a return on equity of 12.01%. Alliant Energy's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.62 EPS. Equities analysts predict that Alliant Energy Corporation will post 3.23 EPS for the current fiscal year.

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.