DRW Securities LLC Makes New Investment in Alliant Energy Co. (NASDAQ:LNT)

DRW Securities LLC purchased a new position in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,245 shares of the company's stock, valued at approximately $743,000.

Several other institutional investors and hedge funds have also made changes to their positions in LNT. Point72 Asset Management L.P. acquired a new stake in shares of Alliant Energy in the 2nd quarter valued at about $42,367,000. Eagle Ridge Investment Management acquired a new position in shares of Alliant Energy in the 2nd quarter valued at $26,804,000. Massachusetts Financial Services Co. MA raised its position in Alliant Energy by 8.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,512,770 shares of the company's stock valued at $395,260,000 after purchasing an additional 512,429 shares during the last quarter. Millennium Management LLC boosted its stake in Alliant Energy by 2,141.3% during the 2nd quarter. Millennium Management LLC now owns 180,402 shares of the company's stock worth $9,182,000 after purchasing an additional 172,353 shares during the period. Finally, Cetera Investment Advisers grew its position in Alliant Energy by 200.8% during the 1st quarter. Cetera Investment Advisers now owns 215,821 shares of the company's stock worth $10,877,000 after purchasing an additional 144,077 shares during the last quarter. 79.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LNT has been the subject of several recent research reports. Wells Fargo & Company decreased their target price on shares of Alliant Energy from $66.00 to $65.00 and set an "overweight" rating for the company in a research note on Monday, November 4th. Jefferies Financial Group began coverage on Alliant Energy in a research note on Thursday, September 19th. They issued a "hold" rating and a $67.00 target price on the stock. Scotiabank increased their price target on Alliant Energy from $58.00 to $64.00 and gave the stock a "sector outperform" rating in a report on Tuesday, August 20th. LADENBURG THALM/SH SH raised shares of Alliant Energy from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $50.00 to $62.50 in a research note on Tuesday, August 13th. Finally, Mizuho raised their target price on shares of Alliant Energy from $52.00 to $61.00 and gave the stock a "neutral" rating in a research note on Friday, October 4th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $63.06.

Alliant Energy Price Performance

Alliant Energy stock traded up $0.25 during mid-day trading on Wednesday, reaching $63.59. The company had a trading volume of 1,383,183 shares, compared to its average volume of 1,630,250. The stock's 50-day simple moving average is $60.41 and its 200-day simple moving average is $56.30. The company has a market capitalization of $16.32 billion, a P/E ratio of 24.55, a P/E/G ratio of 3.15 and a beta of 0.58. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72. Alliant Energy Co. has a 1 year low of $46.80 and a 1 year high of $64.19.

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

Alliant Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend was Thursday, October 31st. Alliant Energy's dividend payout ratio is presently 74.42%.

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.