Toronto Dominion Bank raised its holdings in shares of Alliant Energy Corporation (NYSE:LNT) by 13.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,511 shares of the utilities provider’s stock after buying an additional 10,335 shares during the period. Toronto Dominion Bank’s holdings in Alliant Energy were worth $3,637,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Pacad Investment Ltd. acquired a new position in Alliant Energy during the second quarter valued at approximately $125,000. Mosaic Family Wealth LLC raised 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 during the period. Huntington National Bank raised its stake in shares of Alliant Energy by 229.2% during the second quarter. Huntington National Bank now owns 3,292 shares of the utilities provider’s stock valued at $133,000 after purchasing an additional 2,292 shares during the period. Federated Investors Inc. PA raised 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 purchasing an additional 326 shares during the period. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Alliant Energy during the third quarter valued at approximately $187,000. 68.43% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Alliant Energy Corporation (NYSE:LNT) traded up $0.20 during trading hours on Wednesday, hitting $44.54. 1,374,812 shares of the company were exchanged, compared to its average volume of 1,222,770. The company has a current ratio of 0.51, a quick ratio of 0.36 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $10,250.00, a price-to-earnings ratio of 23.90, a PEG ratio of 3.58 and a beta of 0.47. Alliant Energy Corporation has a fifty-two week low of $35.93 and a fifty-two week high of $45.55.
Alliant Energy (NYSE:LNT) last issued its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.13). The company had revenue of $907.00 million during the quarter, compared to the consensus estimate of $1.23 billion. Alliant Energy had a return on equity of 11.02% and a net margin of 13.13%. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.80 EPS. analysts forecast that Alliant Energy Corporation will post 1.96 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were paid a $0.315 dividend. The ex-dividend date of this dividend was Monday, October 30th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.83%. Alliant Energy’s dividend payout ratio (DPR) is presently 68.11%.
In other Alliant Energy news, insider Wayne A. Reschke sold 2,000 shares of the business’s stock in a transaction 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.33% of the stock is owned by insiders.
LNT has been the topic of a number of analyst reports. BidaskClub upgraded shares of Alliant Energy from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Jefferies Group reiterated a “hold” rating and set a $43.00 price objective (up previously from $42.00) on shares of Alliant Energy in a research note on Wednesday, August 9th. Bank of America initiated coverage on shares of Alliant Energy in a research note on Tuesday, October 24th. They set a “neutral” rating and a $45.00 price objective on the stock. Finally, Zacks Investment Research lowered shares of Alliant Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. Alliant Energy presently has an average rating of “Hold” and a consensus price target 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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