Castleton Investment Management LLC acquired a new position in Alliant Energy Corporation (NYSE:LNT) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 54,912 shares of the utilities provider’s stock, valued at approximately $2,282,000.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. AMP Capital Investors Ltd increased its stake in shares of Alliant Energy by 6.1% during the third quarter. AMP Capital Investors Ltd now owns 145,251 shares of the utilities provider’s stock valued at $6,040,000 after purchasing an additional 8,334 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Alliant Energy by 7.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 35,396 shares of the utilities provider’s stock valued at $1,472,000 after purchasing an additional 2,477 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Alliant Energy by 13.7% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 133,215 shares of the utilities provider’s stock valued at $5,561,000 after purchasing an additional 16,100 shares in the last quarter. Engineers Gate Manager LP increased its stake in shares of Alliant Energy by 875.4% during the third quarter. Engineers Gate Manager LP now owns 57,512 shares of the utilities provider’s stock valued at $2,391,000 after purchasing an additional 51,616 shares in the last quarter. Finally, KBC Group NV increased its stake in shares of Alliant Energy by 29.5% during the third quarter. KBC Group NV now owns 27,889 shares of the utilities provider’s stock valued at $1,159,000 after purchasing an additional 6,361 shares in the last quarter. Institutional investors and hedge funds own 68.43% of the company’s stock.
In related news, insider Wayne A. Reschke sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $42.83, for a total value of $85,660.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.33% of the company’s stock.
Shares of Alliant Energy Corporation (NYSE:LNT) traded down $0.35 during mid-day trading on Wednesday, reaching $44.34. 1,260,100 shares of the company traded hands, compared to its average volume of 1,222,120. Alliant Energy Corporation has a 52 week low of $35.93 and a 52 week high of $45.55. The company has a quick ratio of 0.36, a current ratio of 0.51 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $10,250.00, a PE ratio of 23.90, a P/E/G ratio of 3.58 and a beta of 0.47.
Alliant Energy (NYSE:LNT) last issued its earnings results on Thursday, November 2nd. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by ($0.13). Alliant Energy had a return on equity of 11.02% and a net margin of 13.13%. The company had revenue of $907.00 million during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the prior year, the business posted $0.80 EPS. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. analysts predict that Alliant Energy Corporation will post 1.96 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were issued a $0.315 dividend. This represents a $1.26 annualized dividend and a yield of 2.84%. The ex-dividend date was Monday, October 30th. Alliant Energy’s dividend payout ratio is currently 68.11%.
A number of equities analysts have weighed in on LNT shares. BidaskClub raised shares of Alliant Energy from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Jefferies Group reaffirmed a “hold” rating and set a $43.00 target price (up previously from $42.00) on shares of Alliant Energy in a research note on Wednesday, August 9th. Bank of America began coverage on shares of Alliant Energy in a research report on Tuesday, October 24th. They set a “neutral” rating and a $45.00 price target for the company. Finally, Zacks Investment Research downgraded shares of Alliant Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $42.00.
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About Alliant Energy
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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