Two Sigma Securities LLC Invests $292,000 in Alliant Energy Co. (NASDAQ:LNT)

Two Sigma Securities LLC acquired a new position in shares of Alliant Energy Co. (NASDAQ:LNT) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 4,938 shares of the company’s stock, valued at approximately $292,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Park Avenue Securities LLC bought a new position in shares of Alliant Energy during the fourth quarter worth about $257,000. SBI Securities Co. Ltd. bought a new position in Alliant Energy in the fourth quarter worth about $29,000. Strategic Financial Concepts LLC bought a new position in Alliant Energy in the fourth quarter worth about $213,000. Korea Investment CORP lifted its holdings in Alliant Energy by 62.1% in the fourth quarter. Korea Investment CORP now owns 190,875 shares of the company’s stock worth $11,288,000 after acquiring an additional 73,101 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its position in shares of Alliant Energy by 2,024.4% during the fourth quarter. Sound Income Strategies LLC now owns 4,525 shares of the company’s stock worth $268,000 after buying an additional 4,312 shares during the period. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LNT. Guggenheim reissued a “neutral” rating and issued a $57.00 price target on shares of Alliant Energy in a research note on Monday, February 24th. Barclays cut 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 note on Tuesday, April 22nd. BMO Capital Markets decreased their target price on Alliant Energy from $66.00 to $64.00 and set a “market perform” rating for the company in a research note on Tuesday, April 22nd. Finally, UBS Group raised their target price on Alliant Energy from $65.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $63.55.

Alliant Energy Price Performance

NASDAQ:LNT opened at $60.90 on Tuesday. The stock has a market cap of $15.64 billion, a P/E ratio of 22.64, a PEG ratio of 2.83 and a beta of 0.52. Alliant Energy Co. has a one year low of $49.05 and a one year high of $66.54. The company has a fifty day moving average price of $62.32 and a 200 day moving average price of $60.87. 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 (NASDAQ:LNT) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. The company had revenue of $976.00 million during the quarter, compared to analysts’ expectations of $1.14 billion. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. Analysts anticipate that Alliant Energy Co. will post 3.23 earnings per share for the current year.

Alliant Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be paid a $0.5075 dividend. This represents a $2.03 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend is Wednesday, April 30th. Alliant Energy’s dividend payout ratio (DPR) is presently 75.46%.

About Alliant Energy

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.