RDA Financial Network Has $473,000 Position in Alliant Energy Co. (NASDAQ:LNT)

RDA Financial Network increased its stake in shares of Alliant Energy Co. (NASDAQ:LNT) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,990 shares of the company’s stock after acquiring an additional 184 shares during the quarter. RDA Financial Network’s holdings in Alliant Energy were worth $473,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Point72 Asset Management L.P. bought a new stake in Alliant Energy during the 2nd quarter worth approximately $42,367,000. Massachusetts Financial Services Co. MA grew its holdings in Alliant Energy by 8.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,512,770 shares of the company’s stock worth $395,260,000 after buying an additional 512,429 shares in the last quarter. Retirement Systems of Alabama raised its position in Alliant Energy by 698.3% in the 3rd quarter. Retirement Systems of Alabama now owns 451,477 shares of the company’s stock valued at $27,400,000 after buying an additional 394,920 shares during the last quarter. Weiss Asset Management LP bought a new position in Alliant Energy during the 3rd quarter valued at $10,705,000. Finally, Millennium Management LLC grew its stake in shares of Alliant Energy by 2,141.3% in the 2nd quarter. Millennium Management LLC now owns 180,402 shares of the company’s stock worth $9,182,000 after acquiring an additional 172,353 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group began coverage on shares of Alliant Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $67.00 price objective for the company. Barclays decreased their price target on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 6th. BMO Capital Markets lowered their target price on Alliant Energy from $65.00 to $61.00 and set a “market perform” rating on the stock in a research note on Monday, November 4th. Wells Fargo & Company reduced their price target on shares of Alliant Energy from $66.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Finally, UBS Group lifted their price objective on shares of Alliant Energy from $64.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $63.39.

Alliant Energy Price Performance

LNT opened at $60.07 on Friday. The firm has a 50-day moving average price of $60.15 and a 200-day moving average price of $58.55. Alliant Energy Co. has a twelve month low of $46.80 and a twelve month high of $64.19. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $15.41 billion, a price-to-earnings ratio of 23.28, a PEG ratio of 2.65 and a beta of 0.60.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.05. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.08 billion. Alliant Energy had a return on equity of 10.56% and a net margin of 16.66%. The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same period last year, the company earned $1.05 earnings per share. Equities analysts expect that Alliant Energy Co. will post 3.04 EPS for the current year.

Alliant Energy Company 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.