Quantitative Systematic Strategies LLC Has $4.09 Million Stake in Alliant Energy Co. (LNT)
Quantitative Systematic Strategies LLC grew its stake in shares of Alliant Energy Co. (NYSE:LNT) by 329.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,770 shares of the utilities provider’s stock after buying an additional 66,557 shares during the period. Alliant Energy accounts for approximately 1.0% of Quantitative Systematic Strategies LLC’s portfolio, making the stock its 13th largest holding. Quantitative Systematic Strategies LLC’s holdings in Alliant Energy were worth $4,089,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. We Are One Seven LLC bought a new position in shares of Alliant Energy in the fourth quarter worth approximately $25,000. Oregon Public Employees Retirement Fund increased its position in shares of Alliant Energy by 4,072.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,049,786 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 1,024,625 shares during the last quarter. Sontag Advisory LLC bought a new position in shares of Alliant Energy in the fourth quarter worth approximately $30,000. Moody National Bank Trust Division bought a new position in shares of Alliant Energy in the first quarter worth approximately $45,000. Finally, Sound Income Strategies LLC increased its position in shares of Alliant Energy by 24,000.0% in the fourth quarter. Sound Income Strategies LLC now owns 1,205 shares of the utilities provider’s stock worth $51,000 after purchasing an additional 1,200 shares during the last quarter. Hedge funds and other institutional investors own 71.12% of the company’s stock.
NYSE LNT traded down $0.08 on Monday, reaching $46.73. 764,634 shares of the company’s stock traded hands, compared to its average volume of 1,603,645. Alliant Energy Co. has a 12 month low of $38.22 and a 12 month high of $47.91. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.73 and a quick ratio of 0.59. The stock has a market capitalization of $11.14 billion, a P/E ratio of 24.21, a PEG ratio of 3.28 and a beta of 0.18.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 3.04%. Alliant Energy’s payout ratio is currently 73.58%.
Several research firms recently weighed in on LNT. Zacks Investment Research upgraded shares of Alliant Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, January 16th. Wells Fargo & Co upped their price objective on shares of Alliant Energy from $49.00 to $52.00 and gave the stock an “outperform” rating in a research report on Monday, February 25th. Barclays began coverage on shares of Alliant Energy in a research report on Friday, January 18th. They issued an “equal weight” rating and a $45.00 price objective on the stock. Bank of America upgraded shares of Alliant Energy from an “underperform” rating to a “neutral” rating and set a $44.00 price objective on the stock in a research report on Thursday, January 31st. Finally, Wolfe Research upgraded shares of Alliant Energy from an “underperform” rating to a “market perform” rating in a research report on Tuesday, January 22nd. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $46.44.
Alliant Energy Profile
Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the Midwest region of the United States. It operates through three segments: Electric, Gas, and 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.
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