59,374 Shares of Alliant Energy Corporation $LNT Purchased by Machina Capital S.A.S.

Machina Capital S.A.S. purchased a new stake in Alliant Energy Corporation (NASDAQ:LNT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 59,374 shares of the company’s stock, valued at approximately $3,758,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC increased its holdings in shares of Alliant Energy by 1.2% during the 1st quarter. Janus Henderson Group PLC now owns 11,273,621 shares of the company’s stock valued at $808,996,000 after acquiring an additional 138,683 shares during the last quarter. Jupiter Topco LLC bought a new position in shares of Alliant Energy in the 2nd quarter valued at approximately $837,468,000. Pictet Asset Management Holding SA raised its stake in shares of Alliant Energy by 8.2% in the 3rd quarter. Pictet Asset Management Holding SA now owns 3,608,498 shares of the company’s stock valued at $228,418,000 after acquiring an additional 273,392 shares in the last quarter. Magellan Asset Management Ltd acquired a new stake in Alliant Energy in the 2nd quarter worth approximately $151,629,000. Finally, Legal & General Group Plc acquired a new stake in Alliant Energy in the 2nd quarter worth approximately $143,968,000. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Stock Performance

Shares of NASDAQ LNT opened at $73.62 on Thursday. Alliant Energy Corporation has a 12 month low of $62.54 and a 12 month high of $78.81. The company has a market cap of $19.09 billion, a P/E ratio of 20.51, a P/E/G ratio of 3.08 and a beta of 0.51. The business’s 50 day moving average is $67.76 and its two-hundred day moving average is $70.72. The company has a quick ratio of 0.38, a current ratio of 0.51 and a debt-to-equity ratio of 1.42.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings data on Thursday, October 29th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.21. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Alliant Energy had a return on equity of 12.43% and a net margin of 20.74%. Alliant Energy’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.12 earnings per share. On average, equities analysts expect that Alliant Energy Corporation will post 3.43 EPS for the current year.

Alliant Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Friday, October 30th will be paid a dividend of $0.5350 per share. This represents a $2.14 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, October 30th. Alliant Energy’s dividend payout ratio is presently 59.61%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on LNT shares. Jefferies Financial Group reiterated a “buy” rating and set a $75.00 price target on shares of Alliant Energy in a report on Monday, October 12th. Barclays set a $68.00 price objective on shares of Alliant Energy and gave the stock an “equal weight” rating in a research note on Tuesday, October 13th. Wells Fargo & Company upped their price objective on shares of Alliant Energy from $81.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday, November 2nd. Wall Street Zen raised shares of Alliant Energy from a “strong sell” rating to a “sell” rating in a report on Sunday. Finally, HSBC started coverage on shares of Alliant Energy in a research note on Thursday, October 22nd. They issued a “hold” rating and a $69.50 target price on the stock. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.23.

Alliant Energy Profile

Alliant Energy Corporation is a regulated utility holding company that provides electric and natural gas services through its subsidiaries, Interstate Power and Light Company and Wisconsin Power and Light Company. Its service territory includes communities across Iowa and Wisconsin. The company’s operations include generating, transmitting and distributing electricity, as well as distributing natural gas. Its energy portfolio includes a mix of resources, including wind and solar power, natural gas and other generation sources.