Point72 Asia Singapore Pte. Ltd. Purchases Shares of 4,478 Alliant Energy Co. (NASDAQ:LNT)

Point72 Asia Singapore Pte. Ltd. acquired a new position in Alliant Energy Co. (NASDAQ:LNT) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 4,478 shares of the company’s stock, valued at approximately $272,000.

Several other institutional investors have also modified their holdings of the company. Massmutual Trust Co. FSB ADV lifted its holdings in Alliant Energy by 7.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,605 shares of the company’s stock valued at $158,000 after acquiring an additional 174 shares during the last quarter. Empirical Finance LLC boosted its holdings in Alliant Energy by 2.2% during the third quarter. Empirical Finance LLC now owns 8,637 shares of the company’s stock worth $524,000 after buying an additional 189 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position 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 buying an additional 200 shares during the last quarter. Retirement Systems of Alabama increased its holdings in shares of Alliant Energy by 0.4% in the second quarter. Retirement Systems of Alabama now owns 56,557 shares of the company’s stock valued at $2,879,000 after buying an additional 236 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in shares of Alliant Energy by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 70,426 shares of the company’s stock valued at $3,585,000 after acquiring an additional 239 shares during the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Barclays cut their target price on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. UBS Group upped their price objective on shares of Alliant Energy from $64.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. LADENBURG THALM/SH SH raised shares of Alliant Energy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $50.00 to $62.50 in a research report on Tuesday, August 13th. Jefferies Financial Group began coverage on shares of Alliant Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $67.00 price target for the company. Finally, Mizuho lifted their price objective on shares of Alliant Energy from $52.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, October 4th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Alliant Energy currently has an average rating of “Hold” and a consensus price target of $63.06.

Alliant Energy Trading Down 0.7 %

Alliant Energy stock opened at $61.83 on Wednesday. Alliant Energy Co. has a 12 month low of $46.80 and a 12 month high of $64.19. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. The stock has a market cap of $15.87 billion, a P/E ratio of 23.97, a P/E/G ratio of 3.08 and a beta of 0.59. The company’s fifty day simple moving average is $60.69 and its 200-day simple moving average is $56.70.

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

Alliant Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend was Thursday, October 31st. Alliant Energy’s payout ratio is presently 74.42%.

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.