Los Angeles Capital Management LLC Invests $255,000 in Alliant Energy Co. (NASDAQ:LNT)

Los Angeles Capital Management LLC purchased a new position in shares of Alliant Energy Co. (NASDAQ:LNT) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,005 shares of the company’s stock, valued at approximately $255,000.

Several other hedge funds and other institutional investors have also modified their holdings of LNT. Janus Henderson Group PLC boosted its position in shares of Alliant Energy by 10.3% during the first quarter. Janus Henderson Group PLC now owns 10,579,475 shares of the company’s stock worth $533,205,000 after buying an additional 984,963 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Alliant Energy by 103.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,286,941 shares of the company’s stock worth $66,020,000 after buying an additional 654,460 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Alliant Energy by 14,057.8% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 577,072 shares of the company’s stock worth $29,084,000 after buying an additional 572,996 shares during the period. Eagle Ridge Investment Management purchased a new position in shares of Alliant Energy during the second quarter worth $26,804,000. Finally, Wellington Management Group LLP boosted its holdings in Alliant Energy by 49.4% in the fourth quarter. Wellington Management Group LLP now owns 919,041 shares of the company’s stock valued at $47,147,000 after purchasing an additional 304,022 shares during the period. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Alliant Energy Stock Performance

Shares of LNT stock opened at $59.65 on Monday. The stock has a market capitalization of $15.29 billion, a PE ratio of 21.69, a price-to-earnings-growth ratio of 2.81 and a beta of 0.58. Alliant Energy Co. has a 52-week low of $45.15 and a 52-week high of $59.80. The stock’s 50-day moving average price is $56.50 and its 200 day moving average price is $52.26. The company has a quick ratio of 0.48, a current ratio of 0.65 and a debt-to-equity ratio of 1.31.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.07). The company had revenue of $894.00 million during the quarter, compared to analyst estimates of $897.03 million. Alliant Energy had a net margin of 15.77% and a return on equity of 10.23%. The business’s revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.64 EPS. As a group, equities research analysts forecast that Alliant Energy Co. will post 3.07 EPS for the current year.

Alliant Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend was Wednesday, July 31st. Alliant Energy’s payout ratio is 69.82%.

Analyst Ratings Changes

A number of research analysts recently issued reports on LNT shares. Scotiabank lifted their target price on Alliant Energy from $58.00 to $64.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. LADENBURG THALM/SH SH upgraded 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. Bank of America lifted their target price on Alliant Energy from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. BMO Capital Markets lifted their target price on Alliant Energy from $58.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 6th. Finally, Barclays lifted their target price on Alliant Energy from $52.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Alliant Energy currently has a consensus rating of “Hold” and an average target price of $58.50.

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.