Stevens Capital Management LP Boosts Stock Position in Alliant Energy Co. (NYSE:LNT)
Stevens Capital Management LP lifted its holdings in Alliant Energy Co. (NYSE:LNT) by 83.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 69,840 shares of the utilities provider’s stock after purchasing an additional 31,781 shares during the quarter. Stevens Capital Management LP’s holdings in Alliant Energy were worth $3,428,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the stock. 6 Meridian boosted its stake in Alliant Energy by 1.9% during the second quarter. 6 Meridian now owns 11,374 shares of the utilities provider’s stock worth $558,000 after buying an additional 209 shares during the period. OLD Second National Bank of Aurora lifted its position in shares of Alliant Energy by 14.3% during the second quarter. OLD Second National Bank of Aurora now owns 1,677 shares of the utilities provider’s stock worth $82,000 after purchasing an additional 210 shares during the last quarter. Hartford Investment Management Co. lifted its position in shares of Alliant Energy by 0.8% during the second quarter. Hartford Investment Management Co. now owns 26,448 shares of the utilities provider’s stock worth $1,298,000 after purchasing an additional 211 shares during the last quarter. World Asset Management Inc lifted its position in shares of Alliant Energy by 1.7% during the second quarter. World Asset Management Inc now owns 15,295 shares of the utilities provider’s stock worth $751,000 after purchasing an additional 250 shares during the last quarter. Finally, Signaturefd LLC lifted its position in shares of Alliant Energy by 9.4% during the second quarter. Signaturefd LLC now owns 3,176 shares of the utilities provider’s stock worth $156,000 after purchasing an additional 272 shares during the last quarter. 71.12% of the stock is owned by hedge funds and other institutional investors.
In other news, SVP James H. Gallegos sold 5,000 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $50.00, for a total transaction of $250,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Patricia L. Kampling sold 10,000 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $47.55, for a total value of $475,500.00. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by insiders.
Alliant Energy stock traded up $0.48 during trading hours on Thursday, reaching $51.33. The stock had a trading volume of 93,203 shares, compared to its average volume of 1,324,012. The company has a market capitalization of $12.08 billion, a P/E ratio of 26.60, a price-to-earnings-growth ratio of 3.28 and a beta of 0.18. The company has a current ratio of 0.73, a quick ratio of 0.59 and a debt-to-equity ratio of 1.15. The stock has a 50 day moving average of $50.07. Alliant Energy Co. has a 52 week low of $40.68 and a 52 week high of $51.77.
Alliant Energy (NYSE:LNT) last announced its earnings results on Thursday, August 1st. The utilities provider reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.04). The firm had revenue of $790.20 million during the quarter, compared to the consensus estimate of $828.79 million. Alliant Energy had a return on equity of 11.69% and a net margin of 15.09%. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.43 earnings per share. On average, equities analysts anticipate that Alliant Energy Co. will post 2.15 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be paid a dividend of $0.355 per share. The ex-dividend date is Tuesday, July 30th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 2.77%. Alliant Energy’s payout ratio is 73.58%.
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.
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