Quantinno Capital Management LP Purchases 1,649 Shares of Alliant Energy Co. (NASDAQ:LNT)

Quantinno Capital Management LP lifted its position in shares of Alliant Energy Co. (NASDAQ:LNT) by 5.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,928 shares of the company’s stock after purchasing an additional 1,649 shares during the quarter. Quantinno Capital Management LP’s holdings in Alliant Energy were worth $1,816,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV boosted its holdings in Alliant Energy by 7.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 2,605 shares of the company’s stock worth $158,000 after acquiring an additional 174 shares in the last quarter. Empirical Finance LLC boosted its holdings in Alliant Energy by 2.2% in the third quarter. Empirical Finance LLC now owns 8,637 shares of the company’s stock worth $524,000 after acquiring an additional 189 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Alliant Energy by 0.9% in the second 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 in the last quarter. Retirement Systems of Alabama boosted its holdings in Alliant Energy by 0.4% in the second 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 in the last quarter. Finally, Arizona State Retirement System boosted its holdings in Alliant Energy by 0.3% in the second quarter. Arizona State Retirement System now owns 70,426 shares of the company’s stock worth $3,585,000 after acquiring an additional 239 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors.

Alliant Energy Stock Down 0.5 %

Alliant Energy stock opened at $60.41 on Thursday. The stock has a market cap of $15.50 billion, a PE ratio of 23.53, a price-to-earnings-growth ratio of 3.02 and a beta of 0.59. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86. Alliant Energy Co. has a one year low of $46.80 and a one year high of $64.19. The stock has a fifty day moving average of $60.77 and a 200 day moving average of $57.06.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Thursday, October 31st. The company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.05. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Alliant Energy had a return on equity of 10.56% and a net margin of 16.66%. The business’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.05 earnings per share. As a group, sell-side analysts predict that Alliant Energy Co. will post 3.04 EPS for the current year.

Alliant Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend was Thursday, October 31st. Alliant Energy’s payout ratio is 74.42%.

Wall Street Analyst Weigh In

LNT has been the topic of a number of research analyst reports. BMO Capital Markets lowered their price target on Alliant Energy from $65.00 to $61.00 and set a “market perform” rating on the stock in a report on Monday, November 4th. Scotiabank upped their price target on Alliant Energy from $58.00 to $64.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Mizuho upped their price target on Alliant Energy from $52.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, October 4th. Jefferies Financial Group initiated coverage on Alliant Energy in a report on Thursday, September 19th. They set a “hold” rating and a $67.00 price target on the stock. Finally, Bank of America upped their price target on Alliant Energy from $62.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $63.06.

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.