USA Financial Formulas Acquires New Position in Alliant Energy Co. (NASDAQ:LNT)

USA Financial Formulas purchased a new position in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 19,363 shares of the company's stock, valued at approximately $1,145,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Janus Henderson Group PLC raised its holdings in Alliant Energy by 0.6% in the 3rd quarter. Janus Henderson Group PLC now owns 10,691,172 shares of the company's stock worth $648,847,000 after purchasing an additional 65,110 shares during the period. Geode Capital Management LLC increased its position in Alliant Energy by 1.4% in the third quarter. Geode Capital Management LLC now owns 6,593,166 shares of the company's stock worth $398,880,000 after buying an additional 92,525 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Alliant Energy by 8.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,512,770 shares of the company's stock worth $395,260,000 after buying an additional 512,429 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Alliant Energy by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,216,475 shares of the company's stock valued at $134,518,000 after buying an additional 14,225 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its stake in shares of Alliant Energy by 92.7% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,604,272 shares of the company's stock valued at $97,363,000 after acquiring an additional 771,919 shares during the period. Hedge funds and other institutional investors own 79.90% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on LNT shares. Jefferies Financial Group started coverage on shares of Alliant Energy in a research note on Thursday, September 19th. They set a "hold" rating and a $67.00 target price on the stock. UBS Group raised their price objective on shares of Alliant Energy from $64.00 to $65.00 and gave the company a "neutral" rating in a research report on Friday, September 20th. Barclays dropped their target price on shares of Alliant Energy from $61.00 to $59.00 and set an "equal weight" rating for the company in a report on Wednesday, November 6th. BMO Capital Markets lowered their price objective on Alliant Energy from $65.00 to $61.00 and set a "market perform" rating on the stock in a research report on Monday, November 4th. Finally, Mizuho increased their target price on Alliant Energy from $52.00 to $61.00 and gave the stock a "neutral" rating in a research report on Friday, October 4th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $63.39.

Alliant Energy Price Performance

Shares of LNT traded up $1.08 during mid-day trading on Thursday, hitting $59.55. 566,729 shares of the stock were exchanged, compared to its average volume of 1,318,276. The firm has a 50-day moving average of $60.08 and a two-hundred day moving average of $58.54. Alliant Energy Co. has a 52-week low of $46.80 and a 52-week high of $64.19. 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 company has a market cap of $15.28 billion, a PE ratio of 23.05, a price-to-earnings-growth ratio of 2.65 and a beta of 0.60.

Alliant Energy (NASDAQ:LNT - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.10 by $0.05. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.08 billion. Alliant Energy had a net margin of 16.66% and a return on equity of 10.56%. Alliant Energy's quarterly revenue was up .4% compared to the same quarter last year. During the same quarter last year, the business earned $1.05 earnings per share. On average, equities analysts predict that Alliant Energy Co. will post 3.04 earnings per share 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.