AMP Capital Investors Ltd raised its stake in Alliant Energy Co. (NYSE:LNT) by 14.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 173,727 shares of the utilities provider’s stock after buying an additional 21,534 shares during the quarter. AMP Capital Investors Ltd owned about 0.07% of Alliant Energy worth $7,351,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. AT Bancorp lifted its stake in Alliant Energy by 9.9% in the second quarter. AT Bancorp now owns 13,321 shares of the utilities provider’s stock valued at $564,000 after buying an additional 1,200 shares in the last quarter. SVA Plumb Wealth Management LLC lifted its stake in Alliant Energy by 15.0% in the first quarter. SVA Plumb Wealth Management LLC now owns 10,699 shares of the utilities provider’s stock valued at $445,000 after buying an additional 1,397 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its stake in Alliant Energy by 26.9% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 6,648 shares of the utilities provider’s stock valued at $281,000 after buying an additional 1,411 shares in the last quarter. Spectrum Management Group Inc. lifted its stake in Alliant Energy by 7.5% in the second quarter. Spectrum Management Group Inc. now owns 20,340 shares of the utilities provider’s stock valued at $861,000 after buying an additional 1,420 shares in the last quarter. Finally, First Midwest Bank Trust Division lifted its stake in Alliant Energy by 9.6% in the second quarter. First Midwest Bank Trust Division now owns 20,757 shares of the utilities provider’s stock valued at $879,000 after buying an additional 1,820 shares in the last quarter. 70.91% of the stock is currently owned by hedge funds and other institutional investors.
NYSE LNT opened at $43.90 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.48 and a current ratio of 0.64. Alliant Energy Co. has a 1 year low of $36.84 and a 1 year high of $45.55. The firm has a market cap of $10.19 billion, a price-to-earnings ratio of 22.68, a PEG ratio of 3.72 and a beta of 0.22.
Alliant Energy (NYSE:LNT) last posted its quarterly earnings results on Thursday, August 2nd. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.02). Alliant Energy had a return on equity of 11.35% and a net margin of 14.14%. The firm had revenue of $816.10 million for the quarter, compared to the consensus estimate of $789.73 million. During the same period last year, the company posted $0.41 earnings per share. The business’s revenue was up 6.6% compared to the same quarter last year. equities research analysts anticipate that Alliant Energy Co. will post 2.13 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 15th. Shareholders of record on Tuesday, July 31st were given a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 3.05%. The ex-dividend date was Monday, July 30th. Alliant Energy’s dividend payout ratio (DPR) is currently 69.43%.
A number of brokerages have recently commented on LNT. UBS Group boosted their price objective on shares of Alliant Energy from $43.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, August 10th. Wolfe Research lowered shares of Alliant Energy from a “peer perform” rating to an “underperform” rating in a research report on Monday, August 13th. Zacks Investment Research lowered shares of Alliant Energy from a “buy” rating to a “hold” rating in a research report on Friday, August 10th. Finally, Howard Weil began coverage on shares of Alliant Energy in a research report on Tuesday, July 24th. They issued a “sector perform” rating and a $44.00 price objective on the stock. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $44.67.
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.
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