First Midwest Bank Trust Division boosted its position in Alliant Energy Corporation (NYSE:LNT) by 4.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,187 shares of the utilities provider’s stock after purchasing an additional 1,190 shares during the period. First Midwest Bank Trust Division’s holdings in Alliant Energy Corporation were worth $1,130,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LNT. Janus Henderson Group PLC lifted its position in Alliant Energy Corporation by 11,520.8% in the second quarter. Janus Henderson Group PLC now owns 3,638,001 shares of the utilities provider’s stock worth $146,138,000 after purchasing an additional 3,606,695 shares during the period. Principal Financial Group Inc. lifted its position in Alliant Energy Corporation by 107.3% in the second quarter. Principal Financial Group Inc. now owns 2,224,465 shares of the utilities provider’s stock worth $89,356,000 after purchasing an additional 1,151,182 shares during the period. Duff & Phelps Investment Management Co. lifted its position in Alliant Energy Corporation by 27.3% in the third quarter. Duff & Phelps Investment Management Co. now owns 3,373,240 shares of the utilities provider’s stock worth $140,226,000 after purchasing an additional 723,500 shares during the period. Vanguard Group Inc. lifted its position in Alliant Energy Corporation by 2.5% in the second quarter. Vanguard Group Inc. now owns 23,675,021 shares of the utilities provider’s stock worth $951,025,000 after purchasing an additional 580,804 shares during the period. Finally, Renaissance Technologies LLC lifted its position in Alliant Energy Corporation by 1,039.9% in the second quarter. Renaissance Technologies LLC now owns 500,400 shares of the utilities provider’s stock worth $20,101,000 after purchasing an additional 456,500 shares during the period. Hedge funds and other institutional investors own 66.55% of the company’s stock.
A number of research firms have weighed in on LNT. BidaskClub upgraded Alliant Energy Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Jefferies Group LLC restated a “hold” rating and issued a $43.00 target price (up from $42.00) on shares of Alliant Energy Corporation in a research report on Wednesday, August 9th. Bank of America Corporation began coverage on Alliant Energy Corporation in a research report on Tuesday, October 24th. They issued a “neutral” rating and a $45.00 target price for the company. Finally, Zacks Investment Research downgraded Alliant Energy Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $42.00.
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In other news, insider Wayne A. Reschke sold 2,000 shares of the stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $42.83, for a total transaction of $85,660.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.33% of the stock is owned by corporate insiders.
Alliant Energy Corporation (NYSE:LNT) traded down 0.31% on Monday, hitting $43.30. The company’s stock had a trading volume of 49,903 shares. The company has a 50 day moving average price of $42.64 and a 200-day moving average price of $41.35. The company has a market capitalization of $10.00 billion, a P/E ratio of 25.56 and a beta of 0.43. Alliant Energy Corporation has a 1-year low of $34.88 and a 1-year high of $43.97.
Alliant Energy Corporation (NYSE:LNT) last released its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.02. Alliant Energy Corporation had a net margin of 11.85% and a return on equity of 11.43%. The business had revenue of $765.30 million for the quarter, compared to analysts’ expectations of $725.92 million. During the same period in the prior year, the firm earned $0.37 earnings per share. Alliant Energy Corporation’s revenue was up 1.4% compared to the same quarter last year. On average, equities analysts forecast that Alliant Energy Corporation will post $2.00 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st will be paid a dividend of $0.315 per share. The ex-dividend date of this dividend is Monday, October 30th. This represents a $1.26 annualized dividend and a dividend yield of 2.88%. Alliant Energy Corporation’s dividend payout ratio (DPR) is currently 74.12%.
Alliant Energy Corporation Profile
Alliant Energy Corporation operates as a regulated investor-owned public utility holding company. The Company’s segments include Utility and Non-regulated, Parent and Other. The Utility segment includes the operations of Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL), which serve retail customers in Iowa and Wisconsin.
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