Rhumbline Advisers Acquires 54,535 Shares of Alliant Energy Co. (NASDAQ:LNT)

Rhumbline Advisers increased its holdings in shares of Alliant Energy Co. (NASDAQ:LNTGet Rating) by 12.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 492,257 shares of the company’s stock after acquiring an additional 54,535 shares during the period. Rhumbline Advisers owned about 0.20% of Alliant Energy worth $28,851,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of LNT. CWM LLC boosted its position in Alliant Energy by 46.0% in the 2nd quarter. CWM LLC now owns 6,190 shares of the company’s stock valued at $363,000 after buying an additional 1,950 shares during the last quarter. KBC Group NV boosted its position in Alliant Energy by 15.6% in the 2nd quarter. KBC Group NV now owns 11,736 shares of the company’s stock valued at $688,000 after buying an additional 1,580 shares during the last quarter. US Bancorp DE boosted its position in Alliant Energy by 2.1% in the 1st quarter. US Bancorp DE now owns 145,602 shares of the company’s stock valued at $9,098,000 after buying an additional 3,030 shares during the last quarter. MetLife Investment Management LLC boosted its position in Alliant Energy by 23.1% in the 1st quarter. MetLife Investment Management LLC now owns 68,114 shares of the company’s stock valued at $4,256,000 after buying an additional 12,800 shares during the last quarter. Finally, MQS Management LLC bought a new position in Alliant Energy in the 2nd quarter valued at $255,000. 74.84% of the stock is currently owned by institutional investors.

Alliant Energy Stock Performance

LNT opened at $55.97 on Thursday. The business’s 50-day moving average price is $51.45 and its two-hundred day moving average price is $56.97. Alliant Energy Co. has a 1 year low of $47.19 and a 1 year high of $65.37. The company has a market capitalization of $14.05 billion, a price-to-earnings ratio of 21.12, a P/E/G ratio of 3.34 and a beta of 0.51. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.70 and a quick ratio of 0.58.

Alliant Energy (NASDAQ:LNTGet Rating) last announced its quarterly earnings data on Monday, November 7th. The company reported $0.93 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.11). The company had revenue of $1.14 billion during the quarter. Alliant Energy had a net margin of 16.52% and a return on equity of 11.12%. Equities analysts expect that Alliant Energy Co. will post 2.81 EPS for the current fiscal year.

Alliant Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Monday, October 31st were issued a dividend of $0.4275 per share. This represents a $1.71 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend was Friday, October 28th. Alliant Energy’s payout ratio is currently 64.53%.

Analysts Set New Price Targets

LNT has been the topic of a number of recent research reports. Wolfe Research lowered Alliant Energy from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 20th. Argus raised their price target on Alliant Energy from $70.00 to $75.00 in a research report on Thursday, August 18th. Bank of America upgraded Alliant Energy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $62.00 to $70.00 in a research report on Friday, August 12th. Wells Fargo & Company reduced their price target on Alliant Energy from $66.00 to $57.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 19th. Finally, Credit Suisse Group reduced their price target on Alliant Energy to $51.00 in a research report on Thursday, October 20th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $60.33.

About Alliant Energy

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Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services. It operates through 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.

Further Reading

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Institutional Ownership by Quarter for Alliant Energy (NASDAQ:LNT)

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