Nissay Asset Management Corp Japan ADV Sells 6,016 Shares of Alliant Energy Co. (LNT)
Nissay Asset Management Corp Japan ADV lessened its position in shares of Alliant Energy Co. (NYSE:LNT) by 10.1% during the first quarter, Holdings Channel reports. The institutional investor owned 53,839 shares of the utilities provider’s stock after selling 6,016 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Alliant Energy were worth $2,537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc lifted its position in shares of Alliant Energy by 3.3% during the 3rd quarter. Vanguard Group Inc now owns 25,799,199 shares of the utilities provider’s stock valued at $1,098,272,000 after buying an additional 833,075 shares during the last quarter. BlackRock Inc. lifted its holdings in Alliant Energy by 5.6% during the 4th quarter. BlackRock Inc. now owns 22,875,576 shares of the utilities provider’s stock worth $966,492,000 after purchasing an additional 1,214,401 shares in the last quarter. FMR LLC lifted its holdings in Alliant Energy by 1.5% during the 4th quarter. FMR LLC now owns 4,578,375 shares of the utilities provider’s stock worth $193,436,000 after purchasing an additional 69,615 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Alliant Energy by 0.4% during the 4th quarter. Victory Capital Management Inc. now owns 4,300,980 shares of the utilities provider’s stock worth $181,716,000 after purchasing an additional 15,177 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Alliant Energy by 14.5% during the 4th quarter. Geode Capital Management LLC now owns 3,424,034 shares of the utilities provider’s stock worth $144,443,000 after purchasing an additional 434,170 shares in the last quarter. 71.12% of the stock is currently owned by hedge funds and other institutional investors.
In other Alliant Energy news, SVP James H. Gallegos sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $47.50, for a total value of $237,500.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Patricia L. Kampling sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $46.98, for a total value of $469,800.00. The disclosure for this sale can be found here. Company insiders own 0.25% of the company’s stock.
Shares of LNT opened at $47.35 on Thursday. The stock has a market cap of $11.13 billion, a P/E ratio of 24.53, a P/E/G ratio of 3.28 and a beta of 0.18. 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 52-week low of $38.22 and a 52-week high of $47.92.
Alliant Energy (NYSE:LNT) last released its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.02. Alliant Energy had a return on equity of 11.69% and a net margin of 15.09%. The firm had revenue of $987.20 million for the quarter, compared to analysts’ expectations of $903.85 million. During the same quarter last year, the firm posted $0.52 EPS. The company’s revenue was up 7.7% compared to the same quarter last year. As a group, research analysts expect that Alliant Energy Co. will post 2.15 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were issued a $0.355 dividend. The ex-dividend date of this dividend was Monday, April 29th. This represents a $1.42 annualized dividend and a dividend yield of 3.00%. Alliant Energy’s payout ratio is currently 73.58%.
COPYRIGHT VIOLATION WARNING: “Nissay Asset Management Corp Japan ADV Sells 6,016 Shares of Alliant Energy Co. (LNT)” was reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this report on another site, it was illegally stolen and republished in violation of US and international copyright & trademark laws. The legal version of this report can be viewed at https://theolympiareport.com/2019/05/16/nissay-asset-management-corp-japan-adv-sells-6016-shares-of-alliant-energy-co-lnt.html.
Alliant Energy 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.
Featured Story: Are sell-side analysts objective?
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.