Gateway Investment Advisers LLC lifted its stake in shares of Alliant Energy Co. (NYSE:LNT) by 0.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 650,884 shares of the utilities provider’s stock after acquiring an additional 3,350 shares during the quarter. Gateway Investment Advisers LLC owned about 0.28% of Alliant Energy worth $27,545,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Federated Investors Inc. PA bought a new stake in Alliant Energy during the first quarter worth approximately $200,000. IBM Retirement Fund bought a new stake in Alliant Energy during the first quarter worth approximately $208,000. Commerzbank Aktiengesellschaft FI bought a new stake in Alliant Energy during the first quarter worth approximately $214,000. Two Sigma Securities LLC bought a new stake in Alliant Energy during the fourth quarter worth approximately $215,000. Finally, Zeke Capital Advisors LLC bought a new stake in Alliant Energy during the first quarter worth approximately $224,000. Institutional investors and hedge funds own 72.57% of the company’s stock.
Shares of NYSE:LNT opened at $43.11 on Thursday. The company has a market cap of $9.76 billion, a P/E ratio of 22.34, a price-to-earnings-growth ratio of 3.57 and a beta of 0.31. Alliant Energy Co. has a 1-year low of $36.84 and a 1-year high of $45.55. The company has a quick ratio of 0.25, a current ratio of 0.35 and a debt-to-equity ratio of 0.96.
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 analysts’ expectations of $879.69 million. During the same period last year, the firm posted $0.44 earnings per share. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. sell-side analysts anticipate that Alliant Energy Co. will post 2.12 EPS for the current year.
A number of analysts recently weighed in on LNT shares. ValuEngine upgraded shares of Alliant Energy from a “hold” rating to a “buy” rating in a report on Friday, April 27th. Zacks Investment Research upgraded shares of Alliant Energy from a “sell” rating to a “buy” rating and set a $48.00 target price for the company in a report on Tuesday, May 1st. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $43.33.
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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