Farringdon Capital Ltd. Purchases New Stake in Alliant Energy Co. (NASDAQ:LNT)

Farringdon Capital Ltd. purchased a new position in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,352 shares of the company's stock, valued at approximately $494,000.

Other institutional investors also recently bought and sold shares of the company. Virtu Financial LLC acquired a new position in Alliant Energy in the 3rd quarter worth about $602,000. Arvest Bank Trust Division purchased a new stake in Alliant Energy during the 3rd quarter worth approximately $2,063,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Alliant Energy in the third quarter valued at approximately $72,000. Retirement Systems of Alabama increased its position in Alliant Energy by 698.3% during the third quarter. Retirement Systems of Alabama now owns 451,477 shares of the company's stock worth $27,400,000 after purchasing an additional 394,920 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in Alliant Energy by 9.4% during the third quarter. Principal Financial Group Inc. now owns 1,183,765 shares of the company's stock worth $71,839,000 after purchasing an additional 101,387 shares during the period. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Alliant Energy Stock Performance

NASDAQ LNT traded down $0.43 on Wednesday, hitting $60.60. 1,219,563 shares of the company's stock were exchanged, compared to its average volume of 1,601,362. 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's 50-day moving average price is $62.36 and its two-hundred day moving average price is $60.82. The firm has a market cap of $15.57 billion, a price-to-earnings ratio of 22.53, a P/E/G 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.

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

Alliant Energy Announces Dividend

The firm also recently declared 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 dividend yield of 3.35%. The ex-dividend date of this dividend is Wednesday, April 30th. Alliant Energy's dividend payout ratio is presently 75.46%.

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.