Two Sigma Securities LLC Acquires Shares of 4,938 Alliant Energy Co. (NASDAQ:LNT)

Two Sigma Securities LLC acquired a new position in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,938 shares of the company's stock, valued at approximately $292,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. increased its holdings in Alliant Energy by 9,113.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,187,345 shares of the company's stock valued at $247,640,000 after acquiring an additional 4,141,895 shares in the last quarter. Jennison Associates LLC purchased a new position in shares of Alliant Energy during the 4th quarter worth approximately $32,225,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Alliant Energy during the 4th quarter worth approximately $31,201,000. Massachusetts Financial Services Co. MA lifted its stake in Alliant Energy by 7.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,012,572 shares of the company's stock valued at $414,724,000 after buying an additional 499,802 shares in the last quarter. Finally, Retirement Systems of Alabama grew its holdings in Alliant Energy by 698.3% during the 3rd quarter. Retirement Systems of Alabama now owns 451,477 shares of the company's stock valued at $27,400,000 after buying an additional 394,920 shares during the last quarter. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Alliant Energy Trading Up 1.0 %

NASDAQ:LNT traded up $0.62 on Friday, hitting $61.17. 1,318,950 shares of the stock were exchanged, compared to its average volume of 1,603,826. The stock has a market cap of $15.71 billion, a PE ratio of 22.74, a PEG ratio of 2.83 and a beta of 0.52. Alliant Energy Co. has a fifty-two week low of $49.05 and a fifty-two week high of $66.54. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33. The stock has a fifty day moving average of $62.22 and a 200-day moving average of $60.88.

Alliant Energy (NASDAQ:LNT - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.02. The firm had revenue of $976.00 million for the quarter, compared to analysts' expectations of $1.14 billion. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. As a group, equities analysts expect that Alliant Energy Co. will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be paid a dividend of $0.5075 per share. The ex-dividend date is Wednesday, April 30th. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.32%. Alliant Energy's dividend payout ratio is currently 75.46%.

Wall Street Analyst Weigh In

LNT has been the topic of several recent research reports. Barclays downgraded Alliant Energy from an "equal weight" rating to an "underweight" rating and upped their price objective for the company from $59.00 to $61.00 in a research report on Tuesday, April 22nd. Guggenheim restated a "neutral" rating and issued a $57.00 target price on shares of Alliant Energy in a report on Monday, February 24th. BMO Capital Markets lowered their price target on shares of Alliant Energy from $66.00 to $64.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Finally, UBS Group raised their target price 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Alliant Energy has a consensus rating of "Hold" and an average target price of $63.55.

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.