Symons Capital Management Inc. cut its stake in shares of Alliant Energy Co. (NYSE:LNT) by 10.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 145,812 shares of the utilities provider’s stock after selling 17,155 shares during the quarter. Alliant Energy comprises about 3.6% of Symons Capital Management Inc.’s investment portfolio, making the stock its 7th largest position. Symons Capital Management Inc. owned approximately 0.06% of Alliant Energy worth $7,864,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently bought and sold shares of LNT. Private Capital Group LLC grew its stake in Alliant Energy by 367.7% in the 2nd quarter. Private Capital Group LLC now owns 580 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 456 shares during the last quarter. NumerixS Investment Technologies Inc acquired a new stake in Alliant Energy in the 2nd quarter valued at about $29,000. Personal Wealth Partners acquired a new stake in Alliant Energy in the 2nd quarter valued at about $31,000. Advisory Services Network LLC grew its stake in Alliant Energy by 354.1% in the 2nd quarter. Advisory Services Network LLC now owns 722 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 563 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its holdings in Alliant Energy by 583.3% in the 2nd quarter. Meeder Asset Management Inc. now owns 779 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 665 shares in the last quarter. 71.12% of the stock is currently owned by institutional investors and hedge funds.
Separately, UBS Group upped their target price on shares of Alliant Energy from $49.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $50.36.
In other news, SVP Leon David A. De bought 941 shares of Alliant Energy stock in a transaction on Tuesday, September 3rd. The shares were bought at an average cost of $53.15 per share, for a total transaction of $50,014.15. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP James H. Gallegos sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $52.29, for a total transaction of $261,450.00. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by corporate insiders.
NYSE:LNT traded up $0.18 on Friday, reaching $51.68. The stock had a trading volume of 1,522,195 shares, compared to its average volume of 1,316,679. The company has a market cap of $12.32 billion, a price-to-earnings ratio of 26.78, 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 current ratio of 0.73 and a quick ratio of 0.59. The firm’s fifty day moving average is $53.16 and its two-hundred day moving average is $50.53. Alliant Energy Co. has a 12-month low of $40.68 and a 12-month high of $54.59.
Alliant Energy (NYSE:LNT) last released its earnings results on Wednesday, November 6th. The utilities provider reported $0.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.01. The company had revenue of $990.20 million for the quarter, compared to analyst estimates of $1.02 billion. Alliant Energy had a net margin of 15.09% and a return on equity of 11.69%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 EPS. As a group, research analysts forecast that Alliant Energy Co. will post 2.15 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be issued a $0.355 dividend. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $1.42 dividend on an annualized basis and a yield of 2.75%. Alliant Energy’s dividend payout ratio (DPR) is 73.58%.
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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