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

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

A number of other hedge funds have also recently added to or reduced their stakes in the company. Sowell Financial Services LLC bought a new position in shares of Alliant Energy in the first quarter valued at approximately $316,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Alliant Energy by 1.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 65,585 shares of the company's stock valued at $4,220,000 after purchasing an additional 1,198 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Alliant Energy by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 30,063 shares of the company's stock valued at $1,934,000 after purchasing an additional 800 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Alliant Energy by 112.9% in the first quarter. Farther Finance Advisors LLC now owns 5,860 shares of the company's stock valued at $378,000 after purchasing an additional 3,108 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of Alliant Energy in the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 79.90% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on LNT. BMO Capital Markets dropped their target price on Alliant Energy from $66.00 to $64.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. Barclays lowered Alliant Energy from an "equal weight" rating to an "underweight" rating and lifted their price target for the stock from $59.00 to $61.00 in a report on Tuesday, April 22nd. Wall Street Zen upgraded Alliant Energy from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Jefferies Financial Group set a $71.00 price target on Alliant Energy and gave the stock a "buy" rating in a report on Tuesday, May 20th. Finally, UBS Group lifted their price target on Alliant Energy from $65.00 to $67.00 and gave the stock a "neutral" rating in a report on Friday. One 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. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $64.23.

Alliant Energy Stock Performance

Shares of LNT traded down $0.52 during mid-day trading on Friday, hitting $62.08. The stock had a trading volume of 1,231,138 shares, compared to its average volume of 1,730,578. The firm has a market cap of $15.95 billion, a P/E ratio of 21.41, a PEG ratio of 2.93 and a beta of 0.56. The business has a fifty day moving average price of $61.25 and a 200-day moving average price of $61.09. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.34 and a quick ratio of 0.24. Alliant Energy Corporation has a 52 week low of $53.12 and a 52 week high of $66.54.

Alliant Energy (NASDAQ:LNT - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.12. The firm had revenue of $1.13 billion for 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 business's revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.62 earnings per share. On average, equities research analysts expect that Alliant Energy Corporation will post 3.23 EPS for the current year.

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.