Great West Life Assurance Co. Can Acquires 1,650 Shares of Alliant Energy Corporation (LNT)

Great West Life Assurance Co. Can increased its holdings in shares of Alliant Energy Corporation (NYSE:LNT) by 1.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 173,045 shares of the utilities provider’s stock after purchasing an additional 1,650 shares during the period. Great West Life Assurance Co. Can owned 0.07% of Alliant Energy worth $7,205,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mosaic Family Wealth LLC boosted its stake in shares of Alliant Energy by 0.8% during the second quarter. Mosaic Family Wealth LLC now owns 3,237 shares of the utilities provider’s stock valued at $130,000 after purchasing an additional 25 shares in the last quarter. Veritable L.P. boosted its stake in shares of Alliant Energy by 0.3% during the second quarter. Veritable L.P. now owns 8,033 shares of the utilities provider’s stock valued at $323,000 after purchasing an additional 28 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of Alliant Energy by 0.4% during the second quarter. CIBC Asset Management Inc now owns 21,990 shares of the utilities provider’s stock valued at $883,000 after purchasing an additional 80 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Alliant Energy by 0.7% during the second quarter. Louisiana State Employees Retirement System now owns 14,100 shares of the utilities provider’s stock valued at $566,000 after purchasing an additional 100 shares in the last quarter. Finally, Annex Advisory Services LLC boosted its stake in shares of Alliant Energy by 1.5% during the second quarter. Annex Advisory Services LLC now owns 14,985 shares of the utilities provider’s stock valued at $602,000 after purchasing an additional 216 shares in the last quarter. Hedge funds and other institutional investors own 68.43% of the company’s stock.

Alliant Energy Corporation (NYSE LNT) traded up $0.20 during trading hours on Thursday, reaching $44.54. 1,374,800 shares of the company were exchanged, compared to its average volume of 1,222,770. Alliant Energy Corporation has a 12 month low of $35.93 and a 12 month high of $45.55. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.51 and a quick ratio of 0.36. The stock has a market capitalization of $10,251.60, a PE ratio of 23.71, a price-to-earnings-growth ratio of 3.55 and a beta of 0.47.

Alliant Energy (NYSE:LNT) last posted its earnings results on Thursday, November 2nd. The utilities provider reported $0.75 EPS for the quarter, missing the Zacks’ 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 analysts’ expectations of $1.23 billion. During the same period in the previous year, the company earned $0.80 EPS. The company’s revenue was down 1.9% on a year-over-year basis. equities analysts anticipate that Alliant Energy Corporation will post 1.96 earnings per share 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 given a dividend of $0.315 per share. The ex-dividend date was Monday, October 30th. This represents a $1.26 dividend on an annualized basis and a yield of 2.83%. Alliant Energy’s payout ratio is 67.74%.

LNT has been the topic of a number of recent research reports. Jefferies Group reiterated a “hold” rating and set a $43.00 price objective (up from $42.00) on shares of Alliant Energy in a research note on Wednesday, August 9th. BidaskClub upgraded shares of Alliant Energy from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Bank of America started coverage on shares of Alliant Energy in a research report on Tuesday, October 24th. They set a “neutral” rating and a $45.00 target price for the company. Finally, Zacks Investment Research cut shares of Alliant Energy 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, five have assigned a hold rating and one has assigned a buy rating to the company. Alliant Energy presently has a consensus rating of “Hold” and a consensus target price of $42.00.

TRADEMARK VIOLATION NOTICE: This piece of content was first posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece of content on another publication, it was stolen and reposted in violation of United States & international copyright and trademark laws. The correct version of this piece of content can be read at https://www.com-unik.info/2017/12/07/great-west-life-assurance-co-can-acquires-1650-shares-of-alliant-energy-corporation-lnt.html.

Alliant Energy Company 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.

Want to see what other hedge funds are holding LNT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alliant Energy Corporation (NYSE:LNT).

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

What are top analysts saying about Alliant Energy Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Alliant Energy Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit