Cerebellum GP LLC grew its holdings in shares of Alliant Energy Co. (NYSE:LNT) by 32.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,546 shares of the utilities provider’s stock after purchasing an additional 1,372 shares during the period. Cerebellum GP LLC’s holdings in Alliant Energy were worth $234,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of LNT. IMS Capital Management purchased a new stake in shares of Alliant Energy during the 3rd quarter valued at $59,000. Twin Tree Management LP purchased a new stake in shares of Alliant Energy during the 3rd quarter valued at $118,000. Rampart Investment Management Company LLC lifted its holdings in shares of Alliant Energy by 72.4% during the 3rd quarter. Rampart Investment Management Company LLC now owns 4,053 shares of the utilities provider’s stock valued at $173,000 after purchasing an additional 1,702 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Alliant Energy during the 3rd quarter valued at $197,000. Finally, Iberiabank Corp purchased a new stake in shares of Alliant Energy during the 3rd quarter valued at $204,000. Hedge funds and other institutional investors own 71.12% of the company’s stock.
NYSE LNT opened at $41.96 on Monday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.59 and a current ratio of 0.73. Alliant Energy Co. has a 1 year low of $36.84 and a 1 year high of $46.58. The firm has a market capitalization of $9.93 billion, a P/E ratio of 21.74, a PEG ratio of 3.28 and a beta of 0.18.
Alliant Energy (NYSE:LNT) last released its earnings results on Tuesday, November 6th. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.01. Alliant Energy had a return on equity of 11.69% and a net margin of 15.09%. The firm had revenue of $928.60 million for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the firm earned $0.75 EPS. The firm’s revenue was up 2.4% on a year-over-year basis. On average, analysts expect that Alliant Energy Co. will post 2.15 earnings per share for the current fiscal year.
Several brokerages have recently commented on LNT. Bank of America lowered Alliant Energy from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 21st. ValuEngine raised Alliant Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, November 21st. Mizuho reissued a “hold” rating and issued a $44.50 target price on shares of Alliant Energy in a research report on Thursday, November 29th. Argus upped their target price on Alliant Energy from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Tuesday, December 18th. Finally, Wells Fargo & Co upped their target price on Alliant Energy from $45.00 to $47.00 and gave the company a “market perform” rating in a research report on Monday, September 17th. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Alliant Energy presently has an average rating of “Hold” and an average target price of $46.42.
Alliant Energy Company Profile
Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the Midwest region of the United States. It operates through three segments: Electric, Gas, and 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.
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