Renaissance Technologies LLC Raises Stock Position in Alliant Energy Co. (NASDAQ:LNT)

Renaissance Technologies LLC boosted its position in shares of Alliant Energy Co. (NASDAQ:LNT) by 39.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 412,860 shares of the company’s stock after acquiring an additional 116,060 shares during the period. Renaissance Technologies LLC owned 0.16% of Alliant Energy worth $21,015,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Scarborough Advisors LLC purchased a new position in Alliant Energy during the fourth quarter valued at approximately $28,000. EverSource Wealth Advisors LLC grew its stake in Alliant Energy by 252.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 662 shares of the company’s stock valued at $34,000 after acquiring an additional 474 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Alliant Energy during the second quarter valued at approximately $43,000. Creekmur Asset Management LLC purchased a new position in Alliant Energy during the fourth quarter valued at approximately $65,000. Finally, Gradient Investments LLC purchased a new position in Alliant Energy during the second quarter valued at approximately $74,000. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Trading Down 0.1 %

Shares of LNT opened at $59.72 on Friday. The firm has a market cap of $15.31 billion, a price-to-earnings ratio of 21.72, a PEG ratio of 2.89 and a beta of 0.58. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.48 and a current ratio of 0.65. Alliant Energy Co. has a fifty-two week low of $45.15 and a fifty-two week high of $60.67. The firm has a 50 day moving average price of $57.27 and a 200-day moving average price of $52.62.

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

Alliant Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were issued a dividend of $0.48 per share. The ex-dividend date was Wednesday, July 31st. This represents a $1.92 dividend on an annualized basis and a yield of 3.22%. Alliant Energy’s dividend payout ratio is currently 69.82%.

Analyst Ratings Changes

A number of equities analysts have commented on LNT shares. UBS Group boosted their price target on shares of Alliant Energy from $64.00 to $65.00 and gave the stock a “neutral” rating in a research note on Friday. Scotiabank boosted their price target on shares of Alliant Energy from $58.00 to $64.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Jefferies Financial Group started coverage on shares of Alliant Energy in a research note on Thursday. They issued a “hold” rating and a $67.00 price target for the company. Barclays boosted their price target on shares of Alliant Energy from $52.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 11th. Finally, Wells Fargo & Company boosted their price target on shares of Alliant Energy from $56.00 to $62.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $60.17.

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.