Strs Ohio Acquires 3,440 Shares of Alliant Energy Corporation (NYSE:LNT)
Strs Ohio raised its position in shares of Alliant Energy Corporation (NYSE:LNT) by 8.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 46,385 shares of the utilities provider’s stock after buying an additional 3,440 shares during the period. Strs Ohio’s holdings in Alliant Energy Corporation were worth $1,863,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LNT. Contravisory Investment Management Inc. acquired a new position in Alliant Energy Corporation during the second quarter worth $240,000. Russell Investments Group Ltd. raised its position in Alliant Energy Corporation by 80.2% in the second quarter. Russell Investments Group Ltd. now owns 1,004,164 shares of the utilities provider’s stock worth $40,329,000 after buying an additional 446,837 shares in the last quarter. First Midwest Bank Trust Division raised its position in Alliant Energy Corporation by 4.0% in the second quarter. First Midwest Bank Trust Division now owns 25,997 shares of the utilities provider’s stock worth $1,045,000 after buying an additional 1,000 shares in the last quarter. Quantitative Systematic Strategies LLC acquired a new position in Alliant Energy Corporation during the second quarter worth $235,000. Finally, Huntington National Bank raised its position in Alliant Energy Corporation by 229.2% in the second quarter. Huntington National Bank now owns 3,292 shares of the utilities provider’s stock worth $133,000 after buying an additional 2,292 shares in the last quarter. Institutional investors and hedge funds own 67.68% of the company’s stock.
Alliant Energy Corporation (LNT) opened at 41.63 on Friday. The firm has a 50-day moving average of $40.64 and a 200 day moving average of $39.81. Alliant Energy Corporation has a one year low of $34.88 and a one year high of $42.19. The company has a market capitalization of $9.62 billion, a P/E ratio of 24.57 and a beta of 0.41.
Alliant Energy Corporation (NYSE:LNT) last announced its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.02. The firm had revenue of $765.30 million during the quarter, compared to analysts’ expectations of $725.92 million. Alliant Energy Corporation had a net margin of 11.85% and a return on equity of 11.43%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.37 earnings per share. On average, equities analysts forecast that Alliant Energy Corporation will post $2.00 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be paid a $0.315 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 3.03%. Alliant Energy Corporation’s dividend payout ratio (DPR) is presently 74.12%.
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A number of research firms recently weighed in on LNT. Jefferies Group LLC reiterated a “hold” rating and issued a $43.00 price objective (up from $42.00) on shares of Alliant Energy Corporation in a research note on Wednesday. BidaskClub upgraded shares of Alliant Energy Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research upgraded shares of Alliant Energy Corporation from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Thursday, June 29th. Barclays PLC reiterated an “equal weight” rating and issued a $43.00 price objective (up from $41.00) on shares of Alliant Energy Corporation in a research note on Thursday, June 1st. Finally, UBS Group AG reiterated a “neutral” rating and issued a $42.00 price objective (up from $41.00) on shares of Alliant Energy Corporation in a research note on Wednesday, May 10th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $42.33.
In related news, Director Deborah B. Dunie bought 3,700 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The stock was bought at an average cost of $39.61 per share, with a total value of $146,557.00. Following the completion of the purchase, the director now owns 11,050 shares of the company’s stock, valued at approximately $437,690.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP James H. Gallegos sold 5,000 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $41.25, for a total transaction of $206,250.00. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.
About Alliant Energy Corporation
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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