59,374 Shares of Alliant Energy Corporation $LNT Bought by Machina Capital S.A.S.

Machina Capital S.A.S. purchased a new stake in shares of Alliant Energy Corporation (NASDAQ:LNT) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 59,374 shares of the company’s stock, valued at approximately $3,758,000.

Several other large investors have also recently added to or reduced their stakes in the company. Delta Global Management LP bought a new stake in shares of Alliant Energy during the first quarter valued at approximately $2,512,000. The Manufacturers Life Insurance Company acquired a new position in shares of Alliant Energy in the second quarter valued at $47,562,000. National Pension Service raised its stake in shares of Alliant Energy by 92.1% in the second quarter. National Pension Service now owns 37,458 shares of the company’s stock valued at $2,858,000 after purchasing an additional 17,961 shares in the last quarter. Nykredit A S bought a new position in Alliant Energy in the second quarter worth $1,171,000. Finally, Hsbc Holdings PLC lifted its position in Alliant Energy by 13.7% in the second quarter. Hsbc Holdings PLC now owns 457,996 shares of the company’s stock worth $34,998,000 after purchasing an additional 55,229 shares during the period. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Stock Up 0.5%

NASDAQ LNT opened at $73.62 on Thursday. Alliant Energy Corporation has a 1-year low of $62.54 and a 1-year high of $78.81. The company has a market capitalization of $19.09 billion, a price-to-earnings ratio of 20.51, a PEG ratio of 3.08 and a beta of 0.51. The stock’s 50 day moving average is $67.76 and its two-hundred day moving average is $70.72. The company has a current ratio of 0.51, a quick ratio of 0.38 and a debt-to-equity ratio of 1.42.

Alliant Energy (NASDAQ:LNT) last issued its earnings results on Thursday, October 29th. The company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.21. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Alliant Energy had a return on equity of 12.43% and a net margin of 20.74%. Alliant Energy’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.12 EPS. Equities analysts forecast that Alliant Energy Corporation will post 3.43 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 30th will be given a $0.5350 dividend. This represents a $2.14 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, October 30th. Alliant Energy’s dividend payout ratio is 59.61%.

Analysts Set New Price Targets

LNT has been the topic of a number of recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Alliant Energy in a research note on Monday, October 26th. Wall Street Zen raised shares of Alliant Energy from a “strong sell” rating to a “sell” rating in a report on Sunday. Barclays set a $68.00 price objective on shares of Alliant Energy and gave the company an “equal weight” rating in a research note on Tuesday, October 13th. Mizuho reduced their price objective on shares of Alliant Energy from $76.00 to $75.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. Finally, Royal Bank Of Canada set a $75.00 price objective on shares of Alliant Energy in a report on Wednesday, October 14th. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Alliant Energy has a consensus rating of “Moderate Buy” and a consensus target price of $75.23.

Alliant Energy Company Profile

Alliant Energy Corporation is a regulated utility holding company that provides electric and natural gas services through its subsidiaries, Interstate Power and Light Company and Wisconsin Power and Light Company. Its service territory includes communities across Iowa and Wisconsin. The company’s operations include generating, transmitting and distributing electricity, as well as distributing natural gas. Its energy portfolio includes a mix of resources, including wind and solar power, natural gas and other generation sources.