Teacher Retirement System of Texas Invests $2.41 Million in Alliant Energy Corporation (NASDAQ:LNT)

Teacher Retirement System of Texas acquired a new stake in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 37,512 shares of the company's stock, valued at approximately $2,414,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA raised its stake in Alliant Energy by 22.8% during the first quarter. Private Trust Co. NA now owns 4,226 shares of the company's stock valued at $272,000 after buying an additional 784 shares in the last quarter. Pinnacle Financial Partners Inc raised its position in shares of Alliant Energy by 44.5% during the 1st quarter. Pinnacle Financial Partners Inc now owns 6,759 shares of the company's stock worth $435,000 after purchasing an additional 2,080 shares during the period. Miller Howard Investments Inc. NY raised its position in shares of Alliant Energy by 8.7% during the 1st quarter. Miller Howard Investments Inc. NY now owns 23,441 shares of the company's stock worth $1,508,000 after purchasing an additional 1,886 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Alliant Energy by 2.1% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 29,184 shares of the company's stock worth $1,878,000 after purchasing an additional 597 shares during the period. Finally, Mather Group LLC. raised its position in shares of Alliant Energy by 52.3% during the 1st quarter. Mather Group LLC. now owns 2,470 shares of the company's stock worth $159,000 after purchasing an additional 848 shares during the period. Institutional investors and hedge funds own 79.90% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Jefferies Financial Group set a $71.00 price target on Alliant Energy and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Wolfe Research upgraded Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 price target on the stock in a research report on Monday. BMO Capital Markets dropped their price target on Alliant Energy from $66.00 to $64.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd. UBS Group increased their price target on Alliant Energy from $65.00 to $68.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Finally, Barclays cut Alliant Energy from an "equal weight" rating to an "underweight" rating and raised their target price for the company from $59.00 to $61.00 in a research report on Tuesday, April 22nd. 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.com, Alliant Energy has an average rating of "Hold" and an average price target of $64.32.

Alliant Energy Price Performance

NASDAQ LNT traded up $0.88 on Thursday, reaching $62.60. 1,799,473 shares of the stock traded hands, compared to its average volume of 1,729,961. The firm's fifty day simple moving average is $61.19 and its 200 day simple moving average is $61.04. 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 company has a market cap of $16.08 billion, a price-to-earnings ratio of 21.59, a P/E/G ratio of 2.89 and a beta of 0.56. Alliant Energy Corporation has a 12 month low of $51.44 and a 12 month high of $66.54.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.12. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.09 billion. Alliant Energy had a return on equity of 12.01% and a net margin of 18.26%. The firm's quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the company posted $0.62 EPS. As a group, research analysts predict that Alliant Energy Corporation will post 3.23 EPS for the current fiscal year.

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.