MBB Public Markets I LLC Makes New $916,000 Investment in Alliant Energy Co. (NASDAQ:LNT)

MBB Public Markets I LLC acquired a new position in Alliant Energy Co. (NASDAQ:LNT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 18,001 shares of the company’s stock, valued at approximately $916,000.

Other hedge funds have also bought and sold shares of the company. City State Bank lifted its position in shares of Alliant Energy by 0.3% during the 2nd quarter. City State Bank now owns 71,147 shares of the company’s stock valued at $3,621,000 after buying an additional 195 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Alliant Energy by 0.9% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 21,979 shares of the company’s stock worth $1,119,000 after acquiring an additional 200 shares during the last quarter. Retirement Systems of Alabama increased its stake in shares of Alliant Energy by 0.4% in the 2nd quarter. Retirement Systems of Alabama now owns 56,557 shares of the company’s stock worth $2,879,000 after acquiring an additional 236 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Alliant Energy by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 70,426 shares of the company’s stock worth $3,585,000 after purchasing an additional 239 shares during the period. Finally, Blue Trust Inc. grew its holdings in shares of Alliant Energy by 13.9% during the 2nd quarter. Blue Trust Inc. now owns 2,080 shares of the company’s stock worth $105,000 after purchasing an additional 254 shares during the period. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Trading Down 0.1 %

NASDAQ:LNT opened at $60.69 on Tuesday. The firm has a market cap of $15.57 billion, a P/E ratio of 22.07, a PEG ratio of 2.91 and a beta of 0.58. The company has a current ratio of 0.65, a quick ratio of 0.48 and a debt-to-equity ratio of 1.31. The stock’s 50 day simple moving average is $57.93 and its 200-day simple moving average is $53.15. Alliant Energy Co. has a 12-month low of $45.15 and a 12-month high of $61.04.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.07). The firm had revenue of $894.00 million for the quarter, compared to analysts’ expectations of $897.03 million. Alliant Energy had a return on equity of 10.23% and a net margin of 15.77%. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS. Equities analysts anticipate that Alliant Energy Co. will post 3.05 EPS for the current year.

Alliant Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend was Wednesday, July 31st. Alliant Energy’s payout ratio is 69.82%.

Analysts Set New Price Targets

A number of equities analysts recently commented on LNT shares. Scotiabank raised their target price on Alliant Energy from $58.00 to $64.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. BMO Capital Markets raised their target price on Alliant Energy from $58.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 6th. Bank of America raised their target price on Alliant Energy from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Wells Fargo & Company raised their target price on Alliant Energy from $56.00 to $62.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Finally, LADENBURG THALM/SH SH raised Alliant Energy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $50.00 to $62.50 in a research report on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Alliant Energy has an average rating of “Hold” and a consensus price target of $60.17.

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.