Alliant Energy Co. (LNT) Holdings Lifted by Global X MANAGEMENT CO LLC
Global X MANAGEMENT CO LLC boosted its holdings in Alliant Energy Co. (NYSE:LNT) by 15.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,514 shares of the utilities provider’s stock after purchasing an additional 1,826 shares during the quarter. Global X MANAGEMENT CO LLC’s holdings in Alliant Energy were worth $562,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. State of Wisconsin Investment Board boosted its stake in Alliant Energy by 97.1% in the 2nd quarter. State of Wisconsin Investment Board now owns 87,642 shares of the utilities provider’s stock worth $3,521,000 after purchasing an additional 43,180 shares during the period. Marshall Wace North America L.P. bought a new position in Alliant Energy in the 2nd quarter worth approximately $7,496,000. Northwestern Mutual Wealth Management Co. boosted its stake in Alliant Energy by 59.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,397 shares of the utilities provider’s stock worth $297,000 after purchasing an additional 2,755 shares during the period. Swiss National Bank boosted its stake in Alliant Energy by 2.9% in the 2nd quarter. Swiss National Bank now owns 829,498 shares of the utilities provider’s stock worth $33,321,000 after purchasing an additional 23,500 shares during the period. Finally, Blair William & Co. IL boosted its stake in Alliant Energy by 8.0% in the 2nd quarter. Blair William & Co. IL now owns 24,286 shares of the utilities provider’s stock worth $976,000 after purchasing an additional 1,794 shares during the period. Institutional investors and hedge funds own 67.44% of the company’s stock.
Shares of Alliant Energy Co. (LNT) opened at $44.40 on Friday. The stock has a market capitalization of $10,310.00, a P/E ratio of 24.16, a PEG ratio of 3.78 and a beta of 0.47. Alliant Energy Co. has a twelve month low of $35.26 and a twelve month high of $45.55. The company has a current ratio of 0.51, a quick ratio of 0.36 and a debt-to-equity ratio of 1.02.
Alliant Energy (NYSE:LNT) last issued its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by ($0.13). The firm had revenue of $907.00 million for the quarter, compared to analysts’ expectations of $1.23 billion. Alliant Energy had a return on equity of 16.50% and a net margin of 18.90%. The firm’s revenue was down 1.9% on a year-over-year basis. During the same period last year, the company earned $0.80 earnings per share. equities research analysts predict that Alliant Energy Co. will post 1.94 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st were issued a dividend of $0.315 per share. The ex-dividend date was Monday, October 30th. This represents a $1.26 annualized dividend and a dividend yield of 2.84%. Alliant Energy’s dividend payout ratio (DPR) is 68.11%.
Several research analysts have weighed in on LNT shares. BidaskClub upgraded Alliant Energy from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Jefferies Group LLC restated a “hold” rating and issued a $43.00 price target (up from $42.00) on shares of Alliant Energy in a research note on Wednesday, August 9th. Bank of America Corporation started coverage on Alliant Energy in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $45.00 price target for the company. Finally, Zacks Investment Research cut Alliant Energy from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $42.00.
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In other news, insider Wayne A. Reschke sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $42.83, for a total transaction of $85,660.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.33% of the stock is owned by corporate insiders.
Alliant Energy Profile
Alliant Energy Corporation operates as a regulated investor-owned public utility holding company. The Company’s segments include Utility and Non-regulated, Parent and Other. The Utility segment includes the operations of Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL), which serve retail customers in Iowa and Wisconsin.
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