Toronto Dominion Bank trimmed its position in Alliant Energy Co. (NASDAQ:LNT – Get Rating) by 0.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 111,674 shares of the company’s stock after selling 523 shares during the period. Toronto Dominion Bank’s holdings in Alliant Energy were worth $6,544,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. State Street Corp raised its position in shares of Alliant Energy by 8.1% in the first quarter. State Street Corp now owns 13,692,321 shares of the company’s stock valued at $855,496,000 after buying an additional 1,021,148 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Alliant Energy by 38.3% in the 1st quarter. JPMorgan Chase & Co. now owns 3,201,808 shares of the company’s stock valued at $200,049,000 after acquiring an additional 886,455 shares during the last quarter. National Pension Service lifted its stake in Alliant Energy by 11,488.8% in the 1st quarter. National Pension Service now owns 371,883 shares of the company’s stock worth $23,235,000 after purchasing an additional 368,674 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Alliant Energy by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 31,030,199 shares of the company’s stock worth $1,938,766,000 after purchasing an additional 342,340 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Alliant Energy by 12.3% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,017,100 shares of the company’s stock valued at $188,509,000 after purchasing an additional 330,037 shares in the last quarter. 74.84% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the company. BMO Capital Markets boosted their price objective on Alliant Energy from $53.00 to $55.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 9th. Wolfe Research cut shares of Alliant Energy from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 20th. StockNews.com initiated coverage on shares of Alliant Energy in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Guggenheim decreased their target price on shares of Alliant Energy from $60.00 to $50.00 in a report on Monday, October 24th. Finally, Argus increased their price target on shares of Alliant Energy from $70.00 to $75.00 in a research note on Thursday, August 18th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $60.33.
Alliant Energy Trading Up 1.0 %
Alliant Energy (NASDAQ:LNT – Get Rating) last posted its quarterly earnings data on Monday, November 7th. The company reported $0.93 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.11). The company had revenue of $1.14 billion for the quarter. Alliant Energy had a return on equity of 11.12% and a net margin of 16.52%. On average, analysts predict that Alliant Energy Co. will post 2.81 EPS for the current year.
Alliant Energy Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Monday, October 31st were issued a $0.4275 dividend. The ex-dividend date of this dividend was Friday, October 28th. This represents a $1.71 annualized dividend and a dividend yield of 3.06%. Alliant Energy’s dividend payout ratio is presently 64.53%.
About Alliant Energy
Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services. It operates through three segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. 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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