Cerity Partners LLC bought a new stake in Alliant Energy Co. (NASDAQ:LNT – Get Rating) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 7,276 shares of the company’s stock, valued at approximately $454,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of LNT. Stratos Wealth Partners LTD. acquired a new stake in shares of Alliant Energy in the fourth quarter valued at $215,000. Coastal Investment Advisors Inc. boosted its holdings in Alliant Energy by 12.7% in the fourth quarter. Coastal Investment Advisors Inc. now owns 5,317 shares of the company’s stock valued at $327,000 after buying an additional 600 shares during the period. First Midwest Bank Trust Division boosted its holdings in Alliant Energy by 24.1% in the fourth quarter. First Midwest Bank Trust Division now owns 18,231 shares of the company’s stock valued at $1,121,000 after buying an additional 3,545 shares during the period. Madison Wealth Partners Inc raised its holdings in Alliant Energy by 0.8% in the fourth quarter. Madison Wealth Partners Inc now owns 24,470 shares of the company’s stock valued at $1,504,000 after purchasing an additional 188 shares during the period. Finally, Marino Stram & Associates LLC boosted its holdings in Alliant Energy by 4.8% in the fourth quarter. Marino Stram & Associates LLC now owns 12,839 shares of the company’s stock valued at $789,000 after buying an additional 587 shares during the period. 75.25% of the shares are owned by institutional investors and hedge funds.
Shares of NASDAQ LNT opened at $57.92 on Tuesday. The company has a market capitalization of $14.53 billion, a price-to-earnings ratio of 21.37, a price-to-earnings-growth ratio of 3.65 and a beta of 0.48. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.72, and a quick ratio of 0.60. The business has a 50-day moving average of $58.99 and a two-hundred-day moving average of $59.90. Alliant Energy Co . it has a one year low of $54.20 and a one year high of $65.37.
Alliant Energy (NASDAQ:LNT – Get Rating ) last announced its quarterly earnings results on Thursday, April 28th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.05. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $983.76 million. Alliant Energy had a return on equity of 11.60% and a net margin of 18.04%. Alliant Energy’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period a year ago, the business earned $0.68 EPS. As a group, equities research analysts expect that Alliant Energy Co. will post 2.75 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, May 16th. Shareholders of record on Friday, April 29th were given a dividend of $0.428 per share. The ex-dividend date was Thursday, April 28th. This represents a dividend of $1.71 on an annualized basis and a dividend yield of 2.96%. This is an increase from Alliant Energy’s previous quarterly dividend of $0.43. Alliant Energy’s payout ratio is 63.10%.
In other news, Director Nancy Joy Falotico bought 1,200 shares of the business’s stock in a transaction dated Thursday, June 9th. The shares were bought at an average price of $61.00 per share, for a total transaction of $73,200.00. Following the completion of the transaction, the director now owns 1,210 shares of the company’s stock, valued at $73,810. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.26% of shares are currently owned by insiders.
A number of research analysts recently issued reports on the company. Wolfe Research decreased their target price on Alliant Energy from $67.00 to $65.00 in a report on Monday, May 2nd. Argus lifted their target price on Alliant Energy from $68.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, May 31st. Finally, Bank of America upgraded Alliant Energy from an “underperform” rating to a “neutral” rating and raised their target price for the company from $57.00 to $60.00 in a report on Tuesday, May 17th.
Alliant Energy Profile (Get rating)
Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services. It operates in three segments: Utilities Electricity Operations, Utilities Gas Operations and Other Utilities. The Company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinois and Iowa; and generates and distributes steam in Cedar Rapids, Iowa.
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