15,400 Shares in Alliant Energy Co. (NASDAQ:LNT) Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new stake in Alliant Energy Co. (NASDAQ:LNT - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,400 shares of the company's stock, valued at approximately $790,000.

Other hedge funds have also recently made changes to their positions in the company. Centennial Wealth Advisory LLC grew its position in shares of Alliant Energy by 3.7% in the fourth quarter. Centennial Wealth Advisory LLC now owns 5,896 shares of the company's stock valued at $302,000 after purchasing an additional 210 shares in the last quarter. Accel Wealth Management grew its position in Alliant Energy by 4.4% during the third quarter. Accel Wealth Management now owns 5,489 shares of the company's stock worth $266,000 after buying an additional 231 shares in the last quarter. IFM Investors Pty Ltd grew its position in Alliant Energy by 0.3% during the fourth quarter. IFM Investors Pty Ltd now owns 79,165 shares of the company's stock worth $4,061,000 after buying an additional 233 shares in the last quarter. Lincoln National Corp grew its position in Alliant Energy by 5.0% during the third quarter. Lincoln National Corp now owns 5,025 shares of the company's stock worth $243,000 after buying an additional 238 shares in the last quarter. Finally, Ieq Capital LLC grew its position in Alliant Energy by 2.3% during the third quarter. Ieq Capital LLC now owns 10,573 shares of the company's stock worth $512,000 after buying an additional 241 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Alliant Energy

In other news, CEO Lisa M. Barton bought 1,100 shares of Alliant Energy stock in a transaction on Tuesday, February 20th. The shares were purchased at an average price of $48.56 per share, for a total transaction of $53,416.00. Following the acquisition, the chief executive officer now owns 36,444 shares of the company's stock, valued at $1,769,720.64. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.31% of the stock is currently owned by corporate insiders.

Alliant Energy Trading Down 1.3 %

Shares of NASDAQ LNT traded down $0.64 during midday trading on Friday, reaching $49.59. The company had a trading volume of 1,661,302 shares, compared to its average volume of 1,451,337. The firm's fifty day moving average price is $48.90 and its 200-day moving average price is $49.55. The stock has a market cap of $12.70 billion, a PE ratio of 17.84, a price-to-earnings-growth ratio of 2.68 and a beta of 0.55. The company has a quick ratio of 0.40, a current ratio of 0.55 and a debt-to-equity ratio of 1.21. Alliant Energy Co. has a one year low of $45.15 and a one year high of $56.26.

Alliant Energy (NASDAQ:LNT - Get Free Report) last released its quarterly earnings results on Friday, February 16th. The company reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.55 by ($0.07). The business had revenue of $961.00 million for the quarter, compared to the consensus estimate of $1.25 billion. Alliant Energy had a net margin of 17.46% and a return on equity of 10.85%. During the same period in the previous year, the company earned $0.46 EPS. On average, equities research analysts anticipate that Alliant Energy Co. will post 3.07 earnings per share for the current year.

Alliant Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date of this dividend is Monday, April 29th. Alliant Energy's payout ratio is 69.06%.

Analyst Ratings Changes

Several brokerages have issued reports on LNT. Bank of America dropped their price target on Alliant Energy from $55.00 to $54.00 and set a "buy" rating for the company in a research note on Thursday, April 11th. BMO Capital Markets lifted their price target on Alliant Energy from $51.00 to $53.00 and gave the stock a "market perform" rating in a research note on Monday, April 15th. Barclays reissued an "equal weight" rating and issued a $53.00 target price (up previously from $50.00) on shares of Alliant Energy in a research note on Tuesday, January 2nd. Finally, Scotiabank lowered their target price on Alliant Energy from $57.00 to $53.00 and set a "sector outperform" rating for the company in a research note on Monday, April 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $51.36.

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.