AT Bancorp Has $564,000 Position in Alliant Energy Co. (LNT)
AT Bancorp increased its stake in shares of Alliant Energy Co. (NYSE:LNT) by 9.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 13,321 shares of the utilities provider’s stock after acquiring an additional 1,200 shares during the period. AT Bancorp’s holdings in Alliant Energy were worth $564,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LNT. BlackRock Inc. grew its position in shares of Alliant Energy by 13.2% in the first quarter. BlackRock Inc. now owns 21,474,303 shares of the utilities provider’s stock valued at $877,438,000 after purchasing an additional 2,502,658 shares during the last quarter. Boston Partners grew its position in shares of Alliant Energy by 2.6% in the second quarter. Boston Partners now owns 5,405,261 shares of the utilities provider’s stock valued at $228,750,000 after purchasing an additional 137,461 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Alliant Energy by 5.0% in the second quarter. Victory Capital Management Inc. now owns 4,253,294 shares of the utilities provider’s stock valued at $179,999,000 after purchasing an additional 202,641 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its position in shares of Alliant Energy by 82.3% in the first quarter. Thompson Siegel & Walmsley LLC now owns 3,618,496 shares of the utilities provider’s stock valued at $147,852,000 after purchasing an additional 1,633,558 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Alliant Energy by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 2,627,246 shares of the utilities provider’s stock valued at $111,185,000 after purchasing an additional 19,581 shares during the last quarter. Institutional investors and hedge funds own 71.56% of the company’s stock.
Several equities analysts have recently commented on LNT shares. ValuEngine raised Alliant Energy from a “hold” rating to a “buy” rating in a research report on Friday, April 27th. Zacks Investment Research downgraded Alliant Energy from a “hold” rating to a “sell” rating in a research report on Friday, April 27th. Howard Weil started coverage on Alliant Energy in a research report on Tuesday, July 24th. They issued a “sector perform” rating and a $44.00 target price on the stock. UBS Group upped their target price on Alliant Energy from $43.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, August 10th. Finally, Wolfe Research downgraded Alliant Energy from a “peer perform” rating to an “underperform” rating in a research report on Monday, August 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. Alliant Energy currently has a consensus rating of “Hold” and an average price target of $44.67.
Alliant Energy (NYSE:LNT) last issued its quarterly earnings results on Thursday, August 2nd. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.02). The company had revenue of $816.10 million for the quarter, compared to analyst estimates of $789.73 million. Alliant Energy had a return on equity of 11.35% and a net margin of 14.14%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.41 EPS. analysts anticipate that Alliant Energy Co. will post 2.13 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 15th. Investors of record on Tuesday, July 31st were given a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date was Monday, July 30th. Alliant Energy’s dividend payout ratio is currently 69.43%.
Alliant Energy Company Profile
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.
Read More: Dividend Stocks – Are They Right For You?
Want to see what other hedge funds are holding LNT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alliant Energy Co. (NYSE:LNT).
Receive News & Ratings for Alliant Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliant Energy and related companies with MarketBeat.com's FREE daily email newsletter.