XTX Topco Ltd Buys Shares of 9,028 Alliant Energy Co. (NASDAQ:LNT)

XTX Topco Ltd acquired a new stake in Alliant Energy Co. (NASDAQ:LNT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 9,028 shares of the company's stock, valued at approximately $534,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Park Avenue Securities LLC acquired a new position in shares of Alliant Energy during the 4th quarter worth approximately $257,000. SBI Securities Co. Ltd. purchased a new stake in shares of Alliant Energy during the 4th quarter valued at $29,000. Strategic Financial Concepts LLC acquired a new position in shares of Alliant Energy in the 4th quarter valued at about $213,000. Korea Investment CORP grew its stake in Alliant Energy by 62.1% during the fourth quarter. Korea Investment CORP now owns 190,875 shares of the company's stock worth $11,288,000 after buying an additional 73,101 shares during the period. Finally, Sound Income Strategies LLC increased its position in shares of Alliant Energy by 2,024.4% in the fourth quarter. Sound Income Strategies LLC now owns 4,525 shares of the company's stock worth $268,000 after acquiring an additional 4,312 shares in the last quarter. 79.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on LNT shares. BMO Capital Markets decreased their target price on shares of Alliant Energy from $66.00 to $64.00 and set a "market perform" rating for the company in a research note on Tuesday. UBS Group boosted their price target on Alliant Energy from $65.00 to $68.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Guggenheim reissued a "neutral" rating and set a $57.00 target price on shares of Alliant Energy in a report on Monday, February 24th. Finally, Barclays lowered shares of Alliant Energy from an "equal weight" rating to an "underweight" rating and lifted their price target for the company from $59.00 to $61.00 in a report on Tuesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Alliant Energy has an average rating of "Hold" and a consensus price target of $63.55.

Alliant Energy Price Performance

Shares of Alliant Energy stock traded down $0.49 during trading on Friday, hitting $60.84. The stock had a trading volume of 293,018 shares, compared to its average volume of 1,602,309. 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 debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72. The firm has a market cap of $15.63 billion, a P/E ratio of 22.63, a PEG ratio of 2.83 and a beta of 0.52. The business has a fifty day moving average of $62.36 and a two-hundred day moving average of $60.83.

Alliant Energy (NASDAQ:LNT - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.68 by $0.02. The firm had revenue of $976.00 million during 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%. On average, sell-side analysts expect that Alliant Energy Co. will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $0.5075 per share. This represents a $2.03 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date is Wednesday, April 30th. Alliant Energy's dividend payout ratio is presently 75.46%.

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.