Alliant Energy Corp. (LNT) Stock Price Up 1.3%
Alliant Energy Corp. (NYSE:LNT) shares rose 1.3% during mid-day trading on Wednesday . The company traded as high as $38.94 and last traded at $38.70, with a volume of 1,165,948 shares changing hands. The stock had previously closed at $38.20.
LNT has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Alliant Energy Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, May 24th. Barclays PLC cut shares of Alliant Energy Corp. from an “overweight” rating to an “equal weight” rating and set a $39.00 price objective for the company. in a research note on Friday, June 10th. They noted that the move was a valuation call. Finally, Argus reissued a “buy” rating on shares of Alliant Energy Corp. in a research note on Saturday, June 4th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $38.00.
The stock has a 50 day moving average price of $39.78 and a 200 day moving average price of $37.05. The stock has a market cap of $8.85 billion and a PE ratio of 22.38.
Alliant Energy Corp. (NYSE:LNT) last posted its earnings results on Monday, August 1st. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by $0.01. During the same period last year, the firm earned $0.31 earnings per share. The business had revenue of $754.60 million for the quarter, compared to analysts’ expectations of $593.06 million. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities research analysts forecast that Alliant Energy Corp. will post $1.90 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Friday, July 29th were paid a dividend of $0.2938 per share. This represents a $1.18 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date was Wednesday, July 27th.
In other Alliant Energy Corp. news, SVP James H. Gallegos sold 5,000 shares of the business’s stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $40.29, for a total transaction of $201,450.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Other hedge funds recently modified their holdings of the company. Schroder Investment Management Group raised its stake in shares of Alliant Energy Corp. by 12.2% in the fourth quarter. Schroder Investment Management Group now owns 563,509 shares of the company’s stock worth $35,191,000 after buying an additional 61,409 shares in the last quarter. BlackRock Advisors LLC raised its stake in shares of Alliant Energy Corp. by 9.5% in the fourth quarter. BlackRock Advisors LLC now owns 235,561 shares of the company’s stock worth $14,711,000 after buying an additional 20,493 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Alliant Energy Corp. by 5.4% in the fourth quarter. Bank of Montreal Can now owns 57,367 shares of the company’s stock worth $3,582,000 after buying an additional 2,931 shares in the last quarter. Suntrust Banks Inc. raised its stake in shares of Alliant Energy Corp. by 12.1% in the fourth quarter. Suntrust Banks Inc. now owns 36,503 shares of the company’s stock worth $2,278,000 after buying an additional 3,949 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its stake in shares of Alliant Energy Corp. by 4.1% in the fourth quarter. Advisors Asset Management Inc. now owns 29,969 shares of the company’s stock worth $1,872,000 after buying an additional 1,186 shares in the last quarter.
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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