Alliant Energy Corporation (LNT) Stake Lifted by BB&T Securities LLC

BB&T Securities LLC lifted its holdings in Alliant Energy Corporation (NYSE:LNT) by 10.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 106,586 shares of the utilities provider’s stock after purchasing an additional 9,932 shares during the quarter. BB&T Securities LLC’s holdings in Alliant Energy were worth $4,430,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Pacad Investment Ltd. bought a new position in shares of Alliant Energy in the second quarter worth $125,000. Mosaic Family Wealth LLC grew its stake in shares of Alliant Energy by 0.8% in the second quarter. Mosaic Family Wealth LLC now owns 3,237 shares of the utilities provider’s stock worth $130,000 after purchasing an additional 25 shares in the last quarter. Federated Investors Inc. PA grew its stake in shares of Alliant Energy by 8.2% in the second quarter. Federated Investors Inc. PA now owns 4,288 shares of the utilities provider’s stock worth $172,000 after purchasing an additional 326 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Alliant Energy by 8.2% in the second quarter. Pacer Advisors Inc. now owns 4,632 shares of the utilities provider’s stock worth $186,000 after purchasing an additional 351 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of Alliant Energy in the third quarter worth $187,000. 68.42% of the stock is owned by institutional investors.

In related news, insider Wayne A. Reschke sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $42.83, for a total transaction of $85,660.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.33% of the company’s stock.

Several research analysts have recently issued reports on the company. Jefferies Group reissued a “hold” rating and issued a $43.00 price target (up previously from $42.00) on shares of Alliant Energy in a research note on Wednesday, August 9th. Bank of America assumed coverage on Alliant Energy in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $45.00 price target for the company. Zacks Investment Research cut Alliant Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. Finally, BidaskClub raised Alliant Energy from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $42.00.

Alliant Energy Corporation (LNT) opened at $44.83 on Friday. Alliant Energy Corporation has a 52 week low of $35.47 and a 52 week high of $45.55. The firm has a market capitalization of $10,364.88, a PE ratio of 23.97, a P/E/G ratio of 3.59 and a beta of 0.46. The company has a current ratio of 0.51, a quick ratio of 0.36 and a debt-to-equity ratio of 1.02.

Alliant Energy (NYSE:LNT) last announced its earnings results on Thursday, November 2nd. The utilities provider reported $0.75 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by ($0.13). Alliant Energy had a net margin of 13.13% and a return on equity of 11.02%. The firm had revenue of $907.00 million for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the business earned $0.80 EPS. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. equities analysts forecast that Alliant Energy Corporation will post 1.96 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were paid a dividend of $0.315 per share. The ex-dividend date of this dividend was Monday, October 30th. This represents a $1.26 annualized dividend and a yield of 2.81%. Alliant Energy’s dividend payout ratio is currently 67.74%.

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Alliant Energy 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.

Institutional Ownership by Quarter for Alliant Energy (NYSE:LNT)

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