Alliant Energy Corporation (LNT) Shares Bought by Nationwide Fund Advisors
Nationwide Fund Advisors boosted its position in Alliant Energy Corporation (NYSE:LNT) by 7.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 182,881 shares of the utilities provider’s stock after acquiring an additional 12,600 shares during the quarter. Nationwide Fund Advisors owned 0.08% of Alliant Energy worth $7,602,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. State of Wisconsin Investment Board lifted its stake in shares of Alliant Energy by 97.1% during the second quarter. State of Wisconsin Investment Board now owns 87,642 shares of the utilities provider’s stock worth $3,521,000 after purchasing an additional 43,180 shares in the last quarter. Marshall Wace North America L.P. acquired a new position in shares of Alliant Energy during the second quarter worth about $7,496,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Alliant Energy by 59.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,397 shares of the utilities provider’s stock worth $297,000 after purchasing an additional 2,755 shares in the last quarter. Swiss National Bank lifted its stake in shares of Alliant Energy by 2.9% during the second quarter. Swiss National Bank now owns 829,498 shares of the utilities provider’s stock worth $33,321,000 after purchasing an additional 23,500 shares in the last quarter. Finally, Blair William & Co. IL lifted its stake in shares of Alliant Energy by 8.0% during the second quarter. Blair William & Co. IL now owns 24,286 shares of the utilities provider’s stock worth $976,000 after purchasing an additional 1,794 shares in the last quarter. Hedge funds and other institutional investors own 68.43% of the company’s stock.
Alliant Energy Corporation (LNT) opened at $44.94 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.51 and a debt-to-equity ratio of 1.02. Alliant Energy Corporation has a one year low of $36.33 and a one year high of $45.55. The company has a market capitalization of $10,390.31, a PE ratio of 24.03, a P/E/G ratio of 3.60 and a beta of 0.47.
Alliant Energy (NYSE:LNT) last released its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.75 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by ($0.13). Alliant Energy had a return on equity of 11.02% and a net margin of 13.13%. The business had revenue of $907.00 million during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the firm posted $0.80 EPS. The company’s revenue was down 1.9% compared to the same quarter last year. analysts forecast that Alliant Energy Corporation will post 1.96 EPS for the current year.
The firm 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. This represents a $1.26 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend was Monday, October 30th. Alliant Energy’s dividend payout ratio (DPR) is 67.74%.
LNT has been the topic of a number of recent research reports. BidaskClub upgraded Alliant Energy from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Zacks Investment Research cut Alliant Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. Finally, Bank of America initiated 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. Alliant Energy has a consensus rating of “Hold” and a consensus target price of $42.00.
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Alliant Energy Profile
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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