Alliant Energy Co. (LNT) Holdings Boosted by Citadel Advisors LLC
Citadel Advisors LLC grew its position in Alliant Energy Co. (NYSE:LNT) by 10,940.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,119,424 shares of the utilities provider’s stock after purchasing an additional 1,109,285 shares during the quarter. Citadel Advisors LLC owned approximately 0.48% of Alliant Energy worth $45,740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Godsey & Gibb Associates boosted its position in shares of Alliant Energy by 2.5% in the first quarter. Godsey & Gibb Associates now owns 323,622 shares of the utilities provider’s stock worth $13,223,000 after purchasing an additional 8,045 shares during the period. OppenheimerFunds Inc. boosted its position in shares of Alliant Energy by 43.7% in the first quarter. OppenheimerFunds Inc. now owns 356,263 shares of the utilities provider’s stock worth $14,557,000 after purchasing an additional 108,406 shares during the period. Stifel Financial Corp boosted its position in shares of Alliant Energy by 30.8% in the first quarter. Stifel Financial Corp now owns 10,799 shares of the utilities provider’s stock worth $442,000 after purchasing an additional 2,545 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Alliant Energy by 4.8% in the first quarter. Russell Investments Group Ltd. now owns 573,199 shares of the utilities provider’s stock worth $23,410,000 after purchasing an additional 26,247 shares during the period. Finally, Hsbc Holdings PLC boosted its position in shares of Alliant Energy by 14.0% in the first quarter. Hsbc Holdings PLC now owns 294,226 shares of the utilities provider’s stock worth $12,030,000 after purchasing an additional 36,210 shares during the period. Institutional investors and hedge funds own 72.40% of the company’s stock.
In related news, SVP James H. Gallegos sold 5,000 shares of the company’s stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $39.80, for a total transaction of $199,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.25% of the stock is currently owned by corporate insiders.
Alliant Energy (NYSE:LNT) last issued its earnings results on Wednesday, May 2nd. The utilities provider reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.02. Alliant Energy had a net margin of 14.17% and a return on equity of 11.41%. The firm had revenue of $916.30 million during the quarter, compared to analyst estimates of $879.69 million. During the same quarter in the prior year, the business earned $0.44 earnings per share. Alliant Energy’s revenue for the quarter was up 7.3% on a year-over-year basis. research analysts anticipate that Alliant Energy Co. will post 2.12 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, May 15th. Investors of record on Monday, April 30th were given a dividend of $0.335 per share. The ex-dividend date of this dividend was Friday, April 27th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 3.24%. Alliant Energy’s dividend payout ratio is 69.43%.
A number of research firms have weighed in on LNT. Zacks Investment Research upgraded shares of Alliant Energy from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research report on Monday. ValuEngine lowered shares of Alliant Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, May 8th. Wells Fargo & Co reiterated a “market perform” rating and issued a $43.00 price target (down from $47.00) on shares of Alliant Energy in a research report on Monday, February 26th. Finally, UBS Group began coverage on shares of Alliant Energy in a research report on Friday, February 2nd. They issued a “neutral” rating and a $40.00 price target for the company. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Alliant Energy has an average rating of “Hold” and an average price target of $43.29.
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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