Mn Services Vermogensbeheer B.V. raised its stake in shares of Alliant Energy Co. (NASDAQ:LNT – Free Report) by 7.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,400 shares of the company’s stock after acquiring an additional 5,000 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Alliant Energy were worth $4,080,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of LNT. Northwest Investment Counselors LLC bought a new position in Alliant Energy during the first quarter valued at $25,000. Financial Freedom LLC purchased a new position in shares of Alliant Energy in the fourth quarter worth about $25,000. Romano Brothers AND Company bought a new stake in shares of Alliant Energy in the fourth quarter valued at approximately $29,000. Accurate Wealth Management LLC bought a new stake in Alliant Energy during the 4th quarter valued at $33,000. Finally, Dark Forest Capital Management LP purchased a new stake in shares of Alliant Energy during the fourth quarter worth $34,000. 76.45% of the stock is owned by hedge funds and other institutional investors.
Alliant Energy Stock Up 0.8 %
Shares of LNT opened at $54.28 on Friday. Alliant Energy Co. has a 1 year low of $47.19 and a 1 year high of $64.62. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.62 and a quick ratio of 0.48. The stock has a 50 day simple moving average of $52.69 and a two-hundred day simple moving average of $52.98. The firm has a market cap of $13.65 billion, a P/E ratio of 20.80, a P/E/G ratio of 2.89 and a beta of 0.55.
Analysts Set New Price Targets
A number of research analysts have weighed in on LNT shares. StockNews.com began coverage on Alliant Energy in a report on Thursday, May 18th. They set a “sell” rating for the company. Wells Fargo & Company raised shares of Alliant Energy from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $58.00 to $61.00 in a report on Wednesday, April 19th. 888 reissued an “upgrade” rating on shares of Alliant Energy in a report on Monday, June 26th. Bank of America raised shares of Alliant Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $55.00 to $58.00 in a report on Monday, June 26th. Finally, LADENBURG THALM/SH SH initiated coverage on Alliant Energy in a research note on Friday, June 16th. They set a “neutral” rating and a $52.50 price objective for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $57.75.
About Alliant Energy
Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services. It operates through 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.
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