Two Sigma Investments LP Purchases Shares of 15,867 Alliant Energy Co. (NASDAQ:LNT)

Two Sigma Investments LP purchased a new stake in Alliant Energy Co. (NASDAQ:LNT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,867 shares of the company's stock, valued at approximately $938,000.

Several other hedge funds also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. purchased a new position in Alliant Energy in the 4th quarter valued at about $29,000. Larson Financial Group LLC increased its holdings in shares of Alliant Energy by 67.5% during the 4th quarter. Larson Financial Group LLC now owns 722 shares of the company's stock worth $43,000 after buying an additional 291 shares during the last quarter. WASHINGTON TRUST Co increased its holdings in shares of Alliant Energy by 251.2% during the 4th quarter. WASHINGTON TRUST Co now owns 878 shares of the company's stock worth $52,000 after buying an additional 628 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in shares of Alliant Energy during the 4th quarter worth approximately $53,000. Finally, Optiver Holding B.V. increased its holdings in shares of Alliant Energy by 382.5% during the 4th quarter. Optiver Holding B.V. now owns 912 shares of the company's stock worth $54,000 after buying an additional 723 shares during the last quarter. 79.90% of the stock is owned by hedge funds and other institutional investors.

Alliant Energy Stock Performance

NASDAQ LNT traded up $0.16 during trading on Friday, reaching $60.48. The company's stock had a trading volume of 1,340,926 shares, compared to its average volume of 1,700,928. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86. The firm has a market cap of $15.54 billion, a price-to-earnings ratio of 22.48, a P/E/G ratio of 2.83 and a beta of 0.57. Alliant Energy Co. has a twelve month low of $49.25 and a twelve month high of $66.54. The business's fifty day moving average price is $61.23 and its 200-day moving average price is $61.11.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.12. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.09 billion. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. Alliant Energy's quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.62 earnings per share. As a group, analysts anticipate that Alliant Energy Co. will post 3.23 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were paid a dividend of $0.5075 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.36%. Alliant Energy's dividend payout ratio (DPR) is 70.00%.

Wall Street Analysts Forecast Growth

LNT has been the subject of several research reports. Wall Street Zen upgraded shares of 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 shares of Alliant Energy and gave the company a "buy" rating in a research report on Tuesday, May 20th. Guggenheim reissued a "neutral" rating and issued a $57.00 price target on shares of Alliant Energy in a research report on Monday, February 24th. UBS Group lifted their price objective on shares of Alliant Energy from $65.00 to $68.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Finally, BMO Capital Markets decreased 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 report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $63.95.

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.