Citadel Advisors LLC Has $203.79 Million Position in Alliant Energy Co. (NYSE:LNT)

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Citadel Advisors LLC grew its holdings in shares of Alliant Energy Co. (NYSE:LNT) by 12.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,152,208 shares of the utilities provider’s stock after acquiring an additional 444,342 shares during the period. Citadel Advisors LLC owned 1.75% of Alliant Energy worth $203,791,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of LNT. NumerixS Investment Technologies Inc bought a new stake in Alliant Energy in the second quarter worth $29,000. Personal Wealth Partners acquired a new position in shares of Alliant Energy in the 2nd quarter valued at $31,000. Advisory Services Network LLC boosted its position in shares of Alliant Energy by 354.1% in the 2nd quarter. Advisory Services Network LLC now owns 722 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 563 shares during the period. Meeder Asset Management Inc. boosted its position in shares of Alliant Energy by 583.3% in the 2nd quarter. Meeder Asset Management Inc. now owns 779 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 665 shares during the period. Finally, Berman Capital Advisors LLC boosted its position in shares of Alliant Energy by 268.5% in the 1st quarter. Berman Capital Advisors LLC now owns 877 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 639 shares during the period. Institutional investors own 71.12% of the company’s stock.

A number of equities analysts recently weighed in on LNT shares. UBS Group increased their price target on Alliant Energy from $49.00 to $53.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Argus reaffirmed a “buy” rating and set a $52.00 price target on shares of Alliant Energy in a research note on Wednesday, June 5th. Finally, Bank of America raised Alliant Energy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $50.00 to $54.00 in a research note on Wednesday, June 26th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Alliant Energy currently has an average rating of “Hold” and an average price target of $50.36.

Shares of NYSE LNT traded up $0.07 during mid-day trading on Friday, reaching $53.18. 1,207,560 shares of the company traded hands, compared to its average volume of 1,327,038. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.59 and a current ratio of 0.73. The stock has a market cap of $12.63 billion, a PE ratio of 27.55, a price-to-earnings-growth ratio of 3.28 and a beta of 0.18. The company’s fifty day moving average is $51.77 and its two-hundred day moving average is $48.96. Alliant Energy Co. has a fifty-two week low of $40.68 and a fifty-two week high of $53.87.

Alliant Energy (NYSE:LNT) last issued its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.04). The company had revenue of $790.20 million for the quarter, compared to analyst estimates of $828.79 million. Alliant Energy had a net margin of 15.09% and a return on equity of 11.69%. The business’s revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 EPS. Research analysts forecast that Alliant Energy Co. will post 2.15 earnings per share for the current year.

In other Alliant Energy news, SVP Leon David A. De bought 941 shares of the stock in a transaction on Tuesday, September 3rd. The shares were purchased at an average price of $53.15 per share, with a total value of $50,014.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP James H. Gallegos sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $52.29, for a total value of $261,450.00. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.

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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Institutional Ownership by Quarter for Alliant Energy (NYSE:LNT)

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