Sciencast Management LP acquired a new position in shares of Alliant Energy Co. (NYSE:LNT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 9,200 shares of the utilities provider’s stock, valued at approximately $451,000.
Other large investors also recently modified their holdings of the company. Guggenheim Capital LLC boosted its stake in Alliant Energy by 5.0% in the fourth quarter. Guggenheim Capital LLC now owns 155,378 shares of the utilities provider’s stock valued at $8,502,000 after acquiring an additional 7,381 shares in the last quarter. Macquarie Group Ltd. lifted its holdings in shares of Alliant Energy by 1.4% in the 4th quarter. Macquarie Group Ltd. now owns 165,303 shares of the utilities provider’s stock valued at $9,046,000 after purchasing an additional 2,286 shares during the last quarter. Quadrant Capital Group LLC increased its position in Alliant Energy by 11.1% during the fourth quarter. Quadrant Capital Group LLC now owns 3,076 shares of the utilities provider’s stock worth $158,000 after buying an additional 307 shares during the period. State of Alaska Department of Revenue lifted its stake in Alliant Energy by 8.6% in the first quarter. State of Alaska Department of Revenue now owns 165,215 shares of the utilities provider’s stock valued at $7,977,000 after buying an additional 13,040 shares during the last quarter. Finally, IBM Retirement Fund purchased a new stake in Alliant Energy in the 1st quarter valued at $273,000. Institutional investors and hedge funds own 71.12% of the company’s stock.
NYSE:LNT opened at $53.85 on Friday. Alliant Energy Co. has a 12-month low of $37.66 and a 12-month high of $60.28. The company has a current ratio of 0.73, a quick ratio of 0.59 and a debt-to-equity ratio of 1.15. The stock’s 50 day simple moving average is $49.63 and its 200-day simple moving average is $51.49. The firm has a market cap of $13.44 billion, a P/E ratio of 27.90, a PEG ratio of 3.28 and a beta of 0.18.
Alliant Energy (NYSE:LNT) last posted its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.18. The firm had revenue of $915.70 million for the quarter, compared to analyst estimates of $979.61 million. Alliant Energy had a net margin of 15.09% and a return on equity of 11.69%. Alliant Energy’s quarterly revenue was down 7.2% on a year-over-year basis. During the same period last year, the firm posted $0.53 EPS. Research analysts forecast that Alliant Energy Co. will post 2.15 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Friday, July 31st will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, July 30th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.82%. Alliant Energy’s dividend payout ratio (DPR) is 78.76%.
Separately, Wells Fargo & Co dropped their price objective on shares of Alliant Energy from $65.00 to $55.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 13th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $55.20.
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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