138,763 Shares in Alliant Energy Co. (NASDAQ:LNT) Acquired by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC acquired a new position in shares of Alliant Energy Co. (NASDAQ:LNT) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 138,763 shares of the company’s stock, valued at approximately $8,206,000. Susquehanna Fundamental Investments LLC owned 0.05% of Alliant Energy as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in Alliant Energy during the 4th quarter worth approximately $29,000. ORG Partners LLC raised its holdings in Alliant Energy by 517.0% in the fourth quarter. ORG Partners LLC now owns 617 shares of the company’s stock valued at $36,000 after acquiring an additional 517 shares in the last quarter. Larson Financial Group LLC boosted its stake in Alliant Energy by 67.5% during the 4th quarter. Larson Financial Group LLC now owns 722 shares of the company’s stock valued at $43,000 after acquiring an additional 291 shares during the last quarter. WASHINGTON TRUST Co boosted its stake in Alliant Energy by 251.2% during the 4th quarter. WASHINGTON TRUST Co now owns 878 shares of the company’s stock valued at $52,000 after acquiring an additional 628 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new position in Alliant Energy during the 4th quarter worth $53,000. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Trading Down 1.0 %

NASDAQ:LNT opened at $60.74 on Monday. The firm has a market capitalization of $15.60 billion, a P/E ratio of 22.58, a P/E/G ratio of 2.83 and a beta of 0.52. The business has a 50 day simple moving average of $62.34 and a 200 day simple moving average of $60.86. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72. Alliant Energy Co. has a 12-month low of $49.05 and a 12-month high of $66.54.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.02. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. The company had revenue of $976.00 million during the quarter, compared to the consensus estimate of $1.14 billion. Equities research analysts predict that Alliant Energy Co. will post 3.23 EPS for the current year.

Alliant Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be paid a $0.5075 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $2.03 annualized dividend and a dividend yield of 3.34%. Alliant Energy’s payout ratio is currently 75.46%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Barclays cut shares of Alliant Energy from an “equal weight” rating to an “underweight” rating and increased their price target for the stock from $59.00 to $61.00 in a research report on Tuesday, April 22nd. BMO Capital Markets reduced their target price on Alliant Energy from $66.00 to $64.00 and set a “market perform” rating on the stock in a report on Tuesday, April 22nd. UBS Group boosted their price target on Alliant Energy from $65.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Finally, Guggenheim restated a “neutral” rating and set a $57.00 price objective on shares of Alliant Energy in a research note on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $63.55.

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.