First National Bank Sioux Falls Purchases 2,813 Shares of Alliant Energy Corp. (LNT)
First National Bank Sioux Falls boosted its position in shares of Alliant Energy Corp. (NYSE:LNT) by 100.0% during the second quarter, Holdings Channel reports. The fund owned 5,626 shares of the company’s stock after buying an additional 2,813 shares during the period. Alliant Energy Corp. comprises 0.7% of First National Bank Sioux Falls’ holdings, making the stock its 29th largest position. First National Bank Sioux Falls’ holdings in Alliant Energy Corp. were worth $223,000 as of its most recent filing with the SEC.
Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Alliant Energy Corp. by 14.2% in the first quarter. BlackRock Inc. now owns 171,447 shares of the company’s stock worth $12,735,000 after buying an additional 21,293 shares during the last quarter. USS Investment Management Ltd raised its stake in shares of Alliant Energy Corp. by 81.5% in the first quarter. USS Investment Management Ltd now owns 93,655 shares of the company’s stock worth $6,956,000 after buying an additional 42,053 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Alliant Energy Corp. by 5.0% in the first quarter. Geode Capital Management LLC now owns 691,923 shares of the company’s stock worth $51,367,000 after buying an additional 33,110 shares during the last quarter. TIAA CREF Trust Co. FSB MO purchased a new stake in shares of Alliant Energy Corp. during the second quarter worth approximately $740,000. Finally, Nordea Investment Management AB raised its stake in shares of Alliant Energy Corp. by 94.7% in the second quarter. Nordea Investment Management AB now owns 103,596 shares of the company’s stock worth $4,113,000 after buying an additional 50,398 shares during the last quarter. 65.61% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Alliant Energy Corp. (NYSE:LNT) traded up 0.21% during midday trading on Tuesday, reaching $38.85. The company’s stock had a trading volume of 878,257 shares. The company’s 50-day moving average price is $38.71 and its 200 day moving average price is $37.81. Alliant Energy Corp. has a 12-month low of $28.07 and a 12-month high of $40.99. The company has a market capitalization of $8.83 billion, a P/E ratio of 22.34 and a beta of 0.44.
Alliant Energy Corp. (NYSE:LNT) last announced its earnings results on Monday, August 1st. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by $0.01. The business earned $754.60 million during the quarter, compared to the consensus estimate of $593.06 million. Alliant Energy Corp. had a return on equity of 11.02% and a net margin of 12.50%. Alliant Energy Corp.’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.31 earnings per share. On average, equities research analysts forecast that Alliant Energy Corp. will post $1.89 earnings per share for the current year.
LNT has been the topic of a number of recent research reports. Argus lifted their price target on Alliant Energy Corp. from $40.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, August 25th. Zacks Investment Research upgraded Alliant Energy Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, May 24th. Finally, Barclays PLC downgraded Alliant Energy Corp. from an “overweight” rating to an “equal weight” rating and set a $39.00 price objective for the company. in a research report on Friday, June 10th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $38.75.
In other Alliant Energy Corp. news, SVP James H. Gallegos sold 5,000 shares of the company’s stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $40.29, for a total value of $201,450.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.34% of the stock is owned by company insiders.
About Alliant Energy Corp.
Alliant Energy Corporation (Alliant Energy) is a regulated investor-owned public utility holding company. The Company provides regulated electric and natural gas services in Iowa and Wisconsin. The Company’s business segments are 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).
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