Quantinno Capital Management LP Grows Stock Position in Alliant Energy Co. (NASDAQ:LNT)

Quantinno Capital Management LP grew its stake in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) by 52.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,628 shares of the company's stock after purchasing an additional 15,700 shares during the quarter. Quantinno Capital Management LP's holdings in Alliant Energy were worth $2,698,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Park Avenue Securities LLC acquired a new position in shares of Alliant Energy in the 4th quarter valued at $257,000. Ritholtz Wealth Management boosted its position in shares of Alliant Energy by 13.8% during the 4th quarter. Ritholtz Wealth Management now owns 4,805 shares of the company's stock worth $284,000 after purchasing an additional 581 shares in the last quarter. Merit Financial Group LLC boosted its position in shares of Alliant Energy by 15.8% during the 4th quarter. Merit Financial Group LLC now owns 4,609 shares of the company's stock worth $273,000 after purchasing an additional 630 shares in the last quarter. Annex Advisory Services LLC boosted its position in shares of Alliant Energy by 14.5% during the 4th quarter. Annex Advisory Services LLC now owns 11,979 shares of the company's stock worth $708,000 after purchasing an additional 1,518 shares in the last quarter. Finally, Pure Financial Advisors LLC purchased a new stake in shares of Alliant Energy during the 4th quarter worth $396,000. Institutional investors and hedge funds own 79.90% of the company's stock.

Analyst Upgrades and Downgrades

LNT has been the topic of several recent research reports. Barclays lowered shares of Alliant Energy from an "equal weight" rating to an "underweight" rating and boosted their price objective for the stock from $59.00 to $61.00 in a research report on Tuesday, April 22nd. Guggenheim restated a "neutral" rating and issued a $57.00 target price on shares of Alliant Energy in a report on Monday, February 24th. BMO Capital Markets dropped their price objective 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. Jefferies Financial Group set a $71.00 price objective on shares of Alliant Energy and gave the company a "buy" rating in a research note on Tuesday. Finally, Wall Street Zen raised shares of Alliant Energy from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $63.95.

Alliant Energy Trading Up 0.8%

Shares of NASDAQ LNT traded up $0.51 on Friday, reaching $61.72. 1,161,411 shares of the company traded hands, compared to its average volume of 1,687,095. The company has a 50 day moving average of $61.63 and a 200 day moving average of $60.96. The stock has a market capitalization of $15.85 billion, a PE ratio of 22.94, a P/E/G ratio of 2.83 and a beta of 0.58. Alliant Energy Co. has a fifty-two week low of $49.05 and a fifty-two week high of $66.54. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.71 by $0.12. The firm 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 17.33% and a return on equity of 11.39%. The company's revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.62 EPS. On average, equities research analysts forecast that Alliant Energy Co. will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were given a dividend of $0.5075 per share. This represents a $2.03 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend was Wednesday, April 30th. Alliant Energy's dividend payout ratio (DPR) is presently 70.00%.

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.