AQR Capital Management LLC Cuts Position in Alliant Energy Co. (NASDAQ:LNT)

AQR Capital Management LLC decreased its holdings in Alliant Energy Co. (NASDAQ:LNT) by 16.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,515 shares of the company’s stock after selling 5,998 shares during the quarter. AQR Capital Management LLC’s holdings in Alliant Energy were worth $1,501,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Scarborough Advisors LLC purchased a new position in Alliant Energy in the fourth quarter worth $28,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Alliant Energy in the second quarter valued at $43,000. MRP Capital Investments LLC purchased a new position in shares of Alliant Energy in the second quarter valued at $56,000. Creekmur Asset Management LLC purchased a new position in shares of Alliant Energy in the fourth quarter valued at $65,000. Finally, Gradient Investments LLC purchased a new position in shares of Alliant Energy in the second quarter valued at $74,000. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Performance

NASDAQ LNT opened at $58.98 on Friday. The firm has a market capitalization of $15.12 billion, a P/E ratio of 21.45, a P/E/G ratio of 2.89 and a beta of 0.58. Alliant Energy Co. has a 1-year low of $46.80 and a 1-year high of $61.09. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.65 and a quick ratio of 0.48. The business’s 50-day simple moving average is $58.60 and its 200-day simple moving average is $53.72.

Alliant Energy (NASDAQ:LNT) last announced its earnings results on Thursday, August 1st. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.07). The company had revenue of $894.00 million for the quarter, compared to analysts’ expectations of $897.03 million. Alliant Energy had a net margin of 15.77% and a return on equity of 10.23%. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.64 earnings per share. Equities analysts predict that Alliant Energy Co. will post 3.05 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on LNT shares. Barclays raised their price target on Alliant Energy from $52.00 to $55.00 and gave the company an “equal weight” rating in a research report on Thursday, July 11th. Mizuho raised their price target on Alliant Energy from $52.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, October 4th. Jefferies Financial Group initiated coverage on Alliant Energy in a research note on Thursday, September 19th. They set a “hold” rating and a $67.00 price objective on the stock. Bank of America increased their price objective on Alliant Energy from $62.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Finally, LADENBURG THALM/SH SH raised Alliant Energy from a “neutral” rating to a “buy” rating and increased their price objective for the company from $50.00 to $62.50 in a research note on Tuesday, August 13th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $62.17.

Alliant Energy 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.