Alliant Energy Corp. (LNT) Shares Bought by Strs Ohio
Strs Ohio boosted its stake in Alliant Energy Corp. (NYSE:LNT) by 198.4% during the second quarter, Holdings Channel reports. The fund owned 28,223 shares of the company’s stock after buying an additional 18,764 shares during the period. Strs Ohio’s holdings in Alliant Energy Corp. were worth $1,120,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of LNT. State Street Corp increased its position in Alliant Energy Corp. by 4.2% in the first quarter. State Street Corp now owns 4,265,297 shares of the company’s stock valued at $316,828,000 after buying an additional 173,519 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in Alliant Energy Corp. by 1.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,421,495 shares of the company’s stock valued at $254,149,000 after buying an additional 46,524 shares during the period. Wellington Management Group LLP increased its position in Alliant Energy Corp. by 14.7% in the first quarter. Wellington Management Group LLP now owns 1,482,342 shares of the company’s stock valued at $110,109,000 after buying an additional 189,647 shares during the period. BlackRock Group LTD increased its position in Alliant Energy Corp. by 2.6% in the first quarter. BlackRock Group LTD now owns 802,124 shares of the company’s stock valued at $59,582,000 after buying an additional 20,336 shares during the period. Finally, Geode Capital Management LLC increased its position in Alliant Energy Corp. by 5.0% in the first quarter. Geode Capital Management LLC now owns 691,923 shares of the company’s stock valued at $51,367,000 after buying an additional 33,110 shares during the period. 65.60% of the stock is owned by institutional investors.
Alliant Energy Corp. (NYSE:LNT) traded up 0.84% during midday trading on Thursday, hitting $37.23. The company had a trading volume of 1,633,151 shares. The company has a 50 day moving average price of $38.21 and a 200 day moving average price of $38.06. The firm has a market capitalization of $8.46 billion, a P/E ratio of 21.41 and a beta of 0.41. Alliant Energy Corp. has a 1-year low of $28.07 and a 1-year high of $40.99.
Alliant Energy Corp. (NYSE:LNT) last announced its quarterly earnings results on Monday, August 1st. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by $0.01. The company had revenue of $754.60 million for the quarter, compared to analyst estimates of $593.06 million. Alliant Energy Corp. had a return on equity of 11.02% and a net margin of 12.50%. Alliant Energy Corp.’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.31 earnings per share. Equities research analysts forecast that Alliant Energy Corp. will post $1.89 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Monday, October 31st will be given a dividend of $0.2938 per share. This represents a $1.18 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend is Thursday, October 27th. Alliant Energy Corp.’s dividend payout ratio is currently 67.24%.
Several equities analysts recently weighed in on the company. Zacks Investment Research upgraded Alliant Energy Corp. from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Monday, July 11th. Argus boosted their price objective on Alliant Energy Corp. from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, August 25th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Alliant Energy Corp. currently has an average rating of “Buy” and a consensus price target of $38.75.
Alliant Energy Corp. Company Profile
Alliant Energy Corporation (Alliant Energy) is a regulated investor-owned public utility holding company. The Company provides regulated electric and natural gas services in Iowa and Wisconsin. The Company’s business segments are 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).
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