Advisors Asset Management Inc. reduced its stake in shares of Alliant Energy Corporation (NYSE:LNT) by 60.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,831 shares of the utilities provider’s stock after selling 11,824 shares during the quarter. Advisors Asset Management Inc.’s holdings in Alliant Energy were worth $326,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in LNT. Pacad Investment Ltd. bought a new position in shares of Alliant Energy during the second quarter valued at about $125,000. Mosaic Family Wealth LLC grew 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 buying an additional 25 shares during the last quarter. Federated Investors Inc. PA grew its stake in shares of Alliant Energy by 8.2% during the second quarter. Federated Investors Inc. PA now owns 4,288 shares of the utilities provider’s stock valued at $172,000 after buying an additional 326 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Alliant Energy by 8.2% during the second quarter. Pacer Advisors Inc. now owns 4,632 shares of the utilities provider’s stock valued at $186,000 after buying an additional 351 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of Alliant Energy during the third quarter valued at about $187,000. 68.43% of the stock is currently owned by hedge funds and other institutional investors.
Alliant Energy Corporation (NYSE LNT) traded up $0.20 during midday trading on Thursday, hitting $44.54. The company had a trading volume of 1,374,800 shares, compared to its average volume of 1,222,770. 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 company has a market capitalization of $10,251.60, a PE ratio of 23.71, a PEG ratio of 3.55 and a beta of 0.47. Alliant Energy Corporation has a 12 month low of $35.93 and a 12 month high of $45.55.
Alliant Energy (NYSE:LNT) last posted its quarterly earnings data 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). The firm had revenue of $907.00 million for the quarter, compared to the consensus estimate of $1.23 billion. Alliant Energy had a net margin of 13.13% and a return on equity of 11.02%. The business’s revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.80 earnings per share. equities analysts anticipate that Alliant Energy Corporation will post 1.96 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders 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 annualized dividend and a yield of 2.83%. Alliant Energy’s payout ratio is 67.74%.
A number of brokerages have recently issued reports on LNT. Jefferies Group reaffirmed 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. Bank of America started coverage on Alliant Energy in a research note on Tuesday, October 24th. They set a “neutral” rating and a $45.00 price objective on the stock. 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 given a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $42.00.
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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