Mitsubishi UFJ Trust & Banking Corp decreased its position in shares of Alliant Energy Co. (NYSE:LNT) by 61.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 186,618 shares of the utilities provider’s stock after selling 299,826 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.08% of Alliant Energy worth $7,944,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of LNT. Piedmont Investment Advisors LLC purchased a new position in shares of Alliant Energy in the second quarter worth $115,000. Twin Tree Management LP purchased a new position in shares of Alliant Energy in the third quarter worth $118,000. Cerebellum GP LLC purchased a new position in shares of Alliant Energy in the third quarter worth $178,000. First Heartland Consultants Inc. purchased a new position in shares of Alliant Energy in the second quarter worth $200,000. Finally, Iberiabank Corp purchased a new position in shares of Alliant Energy in the third quarter worth $204,000. 71.43% of the stock is owned by institutional investors.
LNT has been the subject of a number of research analyst reports. Wolfe Research cut shares of Alliant Energy from a “peer perform” rating to an “underperform” rating in a report on Monday, August 13th. Wells Fargo & Co raised their price target on shares of Alliant Energy from $45.00 to $47.00 and gave the stock a “market perform” rating in a report on Monday, September 17th. Zacks Investment Research cut shares of Alliant Energy from a “buy” rating to a “hold” rating in a report on Friday, August 10th. ValuEngine cut shares of Alliant Energy from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Finally, Mizuho reaffirmed a “hold” rating and issued a $44.50 price target on shares of Alliant Energy in a report on Thursday, November 29th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $45.42.
NYSE:LNT opened at $45.84 on Friday. The firm has a market capitalization of $10.79 billion, a PE ratio of 21.47, a price-to-earnings-growth ratio of 3.57 and a beta of 0.18. Alliant Energy Co. has a 1-year low of $36.84 and a 1-year high of $46.58. The company has a current ratio of 0.73, a quick ratio of 0.59 and a debt-to-equity ratio of 1.15.
Alliant Energy (NYSE:LNT) last released its quarterly earnings data on Tuesday, November 6th. The utilities provider reported $0.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.01. The firm had revenue of $928.60 million for the quarter, compared to analyst estimates of $1.08 billion. Alliant Energy had a net margin of 15.09% and a return on equity of 11.69%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.75 earnings per share. Research analysts predict that Alliant Energy Co. will post 2.15 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st were paid a $0.335 dividend. The ex-dividend date of this dividend was Tuesday, October 30th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 2.92%. Alliant Energy’s payout ratio is currently 69.43%.
In other news, Director Deborah B. Dunie purchased 1,250 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The shares were bought at an average price of $43.80 per share, for a total transaction of $54,750.00. Following the completion of the transaction, the director now owns 12,300 shares in the company, valued at $538,740. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.25% of the stock is owned by corporate insiders.
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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