Macquarie Group Ltd. Boosts Stake in Alliant Energy Co. (LNT)
Macquarie Group Ltd. lifted its holdings in Alliant Energy Co. (NYSE:LNT) by 7.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 155,262 shares of the utilities provider’s stock after buying an additional 10,130 shares during the period. Macquarie Group Ltd. owned about 0.07% of Alliant Energy worth $6,571,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. AT Bancorp boosted its stake in shares of Alliant Energy by 9.9% during the 2nd quarter. AT Bancorp now owns 13,321 shares of the utilities provider’s stock worth $564,000 after purchasing an additional 1,200 shares during the period. Commerzbank Aktiengesellschaft FI boosted its stake in shares of Alliant Energy by 26.9% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 6,648 shares of the utilities provider’s stock worth $281,000 after purchasing an additional 1,411 shares during the period. Spectrum Management Group Inc. boosted its stake in shares of Alliant Energy by 7.5% during the 2nd quarter. Spectrum Management Group Inc. now owns 20,340 shares of the utilities provider’s stock worth $861,000 after purchasing an additional 1,420 shares during the period. First Midwest Bank Trust Division boosted its stake in shares of Alliant Energy by 9.6% during the 2nd quarter. First Midwest Bank Trust Division now owns 20,757 shares of the utilities provider’s stock worth $879,000 after purchasing an additional 1,820 shares during the period. Finally, Aperio Group LLC boosted its stake in shares of Alliant Energy by 2.1% during the 1st quarter. Aperio Group LLC now owns 88,455 shares of the utilities provider’s stock worth $3,614,000 after purchasing an additional 1,823 shares during the period. Hedge funds and other institutional investors own 70.89% of the company’s stock.
In related news, Director Deborah B. Dunie acquired 1,250 shares of the stock in a transaction on Thursday, September 13th. The stock was bought at an average cost of $43.80 per share, with a total value of $54,750.00. Following the transaction, the director now directly owns 12,300 shares in the company, valued at $538,740. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.25% of the stock is owned by insiders.
Alliant Energy (NYSE:LNT) last released its quarterly earnings data on Thursday, August 2nd. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.02). The company had revenue of $816.10 million during the quarter, compared to analysts’ expectations of $789.73 million. Alliant Energy had a net margin of 14.14% and a return on equity of 11.35%. Alliant Energy’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the firm earned $0.41 earnings per share. research analysts expect that Alliant Energy Co. will post 2.13 earnings per share for the current year.
A number of equities analysts recently commented on the stock. Zacks Investment Research cut shares of Alliant Energy from a “buy” rating to a “hold” rating in a research note on Friday, August 10th. Wells Fargo & Co lifted their price target on shares of Alliant Energy from $45.00 to $47.00 and gave the stock a “market perform” rating in a research note on Monday, September 17th. Wolfe Research cut shares of Alliant Energy from a “peer perform” rating to an “underperform” rating in a research note on Monday, August 13th. UBS Group lifted their price target on shares of Alliant Energy from $43.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, August 10th. Finally, Howard Weil assumed coverage on shares of Alliant Energy in a research note on Tuesday, July 24th. They set a “sector perform” rating and a $44.00 price target for the company. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The company currently has an average rating of “Hold” and an average price target of $45.33.
Alliant Energy Company Profile
Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the Midwest region of the United States. It operates through three segments: Electric, Gas, and 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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