Alliant Energy Co. (NASDAQ:LNT) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers lifted its position in Alliant Energy Co. (NASDAQ:LNT - Free Report) by 3.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 546,110 shares of the company's stock after purchasing an additional 19,322 shares during the quarter. Rhumbline Advisers owned about 0.21% of Alliant Energy worth $35,142,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of LNT. SBI Securities Co. Ltd. purchased a new stake in Alliant Energy in the fourth quarter valued at $29,000. Larson Financial Group LLC lifted 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 during the period. WASHINGTON TRUST Co lifted its holdings in shares of Alliant Energy by 251.2% in the 4th quarter. WASHINGTON TRUST Co now owns 878 shares of the company's stock valued at $52,000 after buying an additional 628 shares during the period. Newbridge Financial Services Group Inc. purchased a new stake in shares of Alliant Energy in the fourth quarter worth about $53,000. Finally, Optiver Holding B.V. grew its holdings in Alliant Energy by 382.5% during the fourth quarter. Optiver Holding B.V. now owns 912 shares of the company's stock worth $54,000 after acquiring an additional 723 shares during the period. Institutional investors and hedge funds own 79.90% of the company's stock.

Alliant Energy Price Performance

LNT traded up $0.16 during midday trading on Friday, hitting $60.48. 1,340,926 shares of the company traded hands, compared to its average volume of 1,697,243. The business has a 50 day simple moving average of $61.31 and a two-hundred day simple moving average of $61.13. Alliant Energy Co. has a 52-week low of $49.25 and a 52-week high of $66.54. The company has a market capitalization of $15.54 billion, a price-to-earnings ratio of 22.48, a PEG ratio of 2.83 and a beta of 0.57. 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 issued its quarterly earnings results on Thursday, May 8th. The company reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.12. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the company posted $0.62 EPS. Alliant Energy's quarterly revenue was up 9.4% compared to the same quarter last year. On average, equities 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 disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were issued a $0.5075 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $2.03 dividend on an annualized basis and a yield of 3.36%. Alliant Energy's payout ratio is 70.00%.

Analyst Ratings Changes

LNT has been the subject of a number of analyst reports. Wall Street Zen raised Alliant Energy from a "sell" rating to a "hold" rating in a report 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 report on Tuesday, May 20th. BMO Capital Markets lowered their price target on shares of Alliant Energy from $66.00 to $64.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. Guggenheim restated a "neutral" rating and set a $57.00 price target on shares of Alliant Energy in a research report on Monday, February 24th. Finally, Barclays downgraded shares of Alliant Energy from an "equal weight" rating to an "underweight" rating and upped their price objective for the stock from $59.00 to $61.00 in a research report on Tuesday, April 22nd. One investment 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. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $63.95.

Alliant Energy 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.