Edgestream Partners L.P. Invests $699,000 in Alliant Energy Co. (NASDAQ:LNT)

Edgestream Partners L.P. purchased a new position in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 11,826 shares of the company's stock, valued at approximately $699,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Point72 Asset Management L.P. increased its holdings in 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 worth $97,363,000 after purchasing an additional 771,919 shares during the period. Jennison Associates LLC purchased a new position in Alliant Energy during the 4th quarter worth $32,225,000. Massachusetts Financial Services Co. MA increased its holdings in Alliant Energy by 8.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,512,770 shares of the company's stock worth $395,260,000 after purchasing an additional 512,429 shares during the period. Retirement Systems of Alabama increased its holdings in shares of Alliant Energy by 698.3% in the 3rd quarter. Retirement Systems of Alabama now owns 451,477 shares of the company's stock valued at $27,400,000 after acquiring an additional 394,920 shares during the period. Finally, National Pension Service bought a new position in shares of Alliant Energy in the 4th quarter worth $22,531,000. 79.90% of the stock is owned by institutional investors.

Alliant Energy Stock Performance

Shares of LNT stock traded up $0.72 during mid-day trading on Friday, reaching $62.95. The stock had a trading volume of 1,888,818 shares, compared to its average volume of 1,500,020. The business's fifty day moving average is $60.73 and its 200-day moving average is $60.35. 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 firm has a market cap of $16.16 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 2.83 and a beta of 0.54. Alliant Energy Co. has a 1-year low of $47.23 and a 1-year high of $66.54.

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Alliant Energy (NASDAQ:LNT - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $976.00 million for the quarter, compared to analyst estimates of $1.14 billion. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. On average, research analysts forecast that Alliant Energy Co. will post 3.23 earnings per share for the current year.

Alliant Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st were issued a $0.5075 dividend. The ex-dividend date of this dividend was Friday, January 31st. This is a positive change from Alliant Energy's previous quarterly dividend of $0.48. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.22%. Alliant Energy's dividend payout ratio is currently 75.46%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LNT. Guggenheim reissued a "neutral" rating and issued a $57.00 price target on shares of Alliant Energy in a research report on Monday, February 24th. Scotiabank lowered Alliant Energy from a "sector outperform" rating to a "sector perform" rating and boosted their price target for the stock from $64.00 to $67.00 in a research report on Thursday, December 12th. Finally, BMO Capital Markets boosted their price target on Alliant Energy from $60.00 to $66.00 and gave the stock a "market perform" rating in a research report on Monday, February 24th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $63.25.

Alliant Energy Company 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.