DRW Securities LLC Makes New $743,000 Investment in Alliant Energy Co. (NASDAQ:LNT)

DRW Securities LLC acquired a new stake in Alliant Energy Co. (NASDAQ:LNT) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,245 shares of the company’s stock, valued at approximately $743,000.

A number of other hedge funds have also recently made changes to their positions in LNT. Price T Rowe Associates Inc. MD boosted its position in shares of Alliant Energy by 2.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 339,408 shares of the company’s stock worth $17,107,000 after acquiring an additional 7,100 shares during the last quarter. Bayesian Capital Management LP bought a new stake in shares of Alliant Energy in the first quarter worth about $289,000. Tidal Investments LLC lifted its position in shares of Alliant Energy by 132.3% in the first quarter. Tidal Investments LLC now owns 11,487 shares of the company’s stock worth $579,000 after buying an additional 6,543 shares in the last quarter. Atria Investments Inc bought a new position in Alliant Energy during the first quarter valued at approximately $2,761,000. Finally, Cetera Investment Advisers grew its holdings in Alliant Energy by 200.8% during the 1st quarter. Cetera Investment Advisers now owns 215,821 shares of the company’s stock valued at $10,877,000 after buying an additional 144,077 shares in the last quarter. Institutional investors own 79.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on LNT shares. Wells Fargo & Company decreased their price objective on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. LADENBURG THALM/SH SH raised shares of Alliant Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $50.00 to $62.50 in a research note on Tuesday, August 13th. Jefferies Financial Group began coverage on shares of Alliant Energy in a report on Thursday, September 19th. They issued a “hold” rating and a $67.00 target price on the stock. UBS Group lifted their price target on Alliant Energy from $64.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Finally, Scotiabank upped their price objective on Alliant Energy from $58.00 to $64.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Alliant Energy currently has a consensus rating of “Hold” and a consensus target price of $63.06.

Alliant Energy Stock Down 0.5 %

Shares of NASDAQ:LNT opened at $63.34 on Wednesday. The firm has a market capitalization of $16.25 billion, a PE ratio of 24.55, a price-to-earnings-growth ratio of 3.15 and a beta of 0.58. The business has a 50 day simple moving average of $60.41 and a two-hundred day simple moving average of $56.30. Alliant Energy Co. has a 1 year low of $46.80 and a 1 year high of $64.19. 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, October 31st. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.10 by $0.05. Alliant Energy had a return on equity of 10.56% and a net margin of 16.66%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the company posted $1.05 EPS. Alliant Energy’s quarterly revenue was up .4% on a year-over-year basis. On average, equities analysts predict that Alliant Energy Co. will post 3.04 EPS for the current year.

Alliant Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a $0.48 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.92 annualized dividend and a yield of 3.03%. Alliant Energy’s dividend payout ratio (DPR) is 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.