Oregon Public Employees Retirement Fund raised its position in Alliant Energy Co. (NYSE:LNT) by 173.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 65,363 shares of the utilities provider’s stock after acquiring an additional 41,486 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Alliant Energy were worth $3,577,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. Parallel Advisors LLC lifted its holdings in Alliant Energy by 24.6% in the fourth quarter. Parallel Advisors LLC now owns 917 shares of the utilities provider’s stock valued at $50,000 after acquiring an additional 181 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in Alliant Energy by 0.3% in the third quarter. Oppenheimer & Co. Inc. now owns 57,012 shares of the utilities provider’s stock valued at $3,075,000 after acquiring an additional 191 shares during the period. Signaturefd LLC raised its stake in shares of Alliant Energy by 6.5% in the third quarter. Signaturefd LLC now owns 3,383 shares of the utilities provider’s stock worth $182,000 after buying an additional 207 shares during the period. Monument Capital Management raised its stake in shares of Alliant Energy by 0.4% in the fourth quarter. Monument Capital Management now owns 55,550 shares of the utilities provider’s stock worth $3,040,000 after buying an additional 229 shares during the period. Finally, Synovus Financial Corp raised its stake in shares of Alliant Energy by 2.5% in the third quarter. Synovus Financial Corp now owns 10,253 shares of the utilities provider’s stock worth $554,000 after buying an additional 253 shares during the period. 71.12% of the stock is currently owned by institutional investors.
Shares of NYSE LNT traded up $0.38 during trading on Friday, hitting $59.76. The company had a trading volume of 63,428 shares, compared to its average volume of 1,437,599. The stock has a 50 day simple moving average of $56.81 and a 200 day simple moving average of $53.64. 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 12 month low of $44.65 and a 12 month high of $59.74. The firm has a market capitalization of $14.02 billion, a P/E ratio of 30.94, a price-to-earnings-growth ratio of 3.28 and a beta of 0.18.
LNT has been the topic of several recent research reports. Barclays raised Alliant Energy from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $54.00 to $58.00 in a research note on Thursday, November 21st. Scotiabank raised Alliant Energy from a “sector perform” rating to a “sector outperform” rating and set a $60.00 price objective on the stock in a research note on Friday, December 20th. Finally, UBS Group raised their price objective on Alliant Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Alliant Energy has a consensus rating of “Buy” and an average price target of $55.00.
About Alliant Energy
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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