Alliant Energy Corporation (LNT) Shares Sold by Credit Agricole S A
Credit Agricole S A cut its stake in Alliant Energy Corporation (NYSE:LNT) by 9.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,750 shares of the utilities provider’s stock after selling 6,430 shares during the period. Credit Agricole S A’s holdings in Alliant Energy Corporation were worth $2,525,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cigna Investments Inc. New bought a new position in Alliant Energy Corporation during the fourth quarter valued at approximately $317,000. Ladenburg Thalmann Financial Services Inc. increased its position in Alliant Energy Corporation by 5.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 33,781 shares of the utilities provider’s stock valued at $1,280,000 after buying an additional 1,767 shares in the last quarter. Energy Income Partners LLC bought a new position in Alliant Energy Corporation during the fourth quarter valued at approximately $18,408,000. Guggenheim Capital LLC increased its position in Alliant Energy Corporation by 5.3% in the fourth quarter. Guggenheim Capital LLC now owns 928,601 shares of the utilities provider’s stock valued at $35,185,000 after buying an additional 46,676 shares in the last quarter. Finally, Tyers Asset Management LLC bought a new position in Alliant Energy Corporation during the fourth quarter valued at approximately $576,000. Hedge funds and other institutional investors own 67.74% of the company’s stock.
Shares of Alliant Energy Corporation (LNT) traded down 0.02% on Tuesday, reaching $41.85. The company had a trading volume of 56,814 shares. The stock’s 50 day moving average is $40.65 and its 200 day moving average is $38.98. The firm has a market capitalization of $9.53 billion, a price-to-earnings ratio of 25.33 and a beta of 0.42. Alliant Energy Corporation has a 52 week low of $34.88 and a 52 week high of $42.19.
Alliant Energy Corporation (NYSE:LNT) last announced its earnings results on Wednesday, May 3rd. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by $0.01. Alliant Energy Corporation had a net margin of 11.58% and a return on equity of 11.36%. The business had revenue of $853.90 million for the quarter. On average, equities analysts anticipate that Alliant Energy Corporation will post $2.00 EPS for the current year.
Several research firms have recently commented on LNT. Barclays PLC reiterated an “equal weight” rating and issued a $43.00 price objective (up previously from $41.00) on shares of Alliant Energy Corporation in a report on Thursday, June 1st. Jefferies Group LLC began coverage on Alliant Energy Corporation in a report on Friday, May 26th. They issued a “hold” rating and a $42.00 price objective on the stock. Finally, Zacks Investment Research upgraded Alliant Energy Corporation from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a report on Friday, May 19th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Alliant Energy Corporation presently has a consensus rating of “Hold” and a consensus target price of $42.00.
In other Alliant Energy Corporation news, SVP James H. Gallegos sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $41.25, for a total transaction of $206,250.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Deborah B. Dunie bought 3,700 shares of the company’s stock in a transaction on Friday, May 19th. The shares were acquired at an average price of $39.61 per share, with a total value of $146,557.00. Following the transaction, the director now directly owns 11,050 shares of the company’s stock, valued at $437,690.50. The disclosure for this purchase can be found here. 0.33% of the stock is owned by insiders.
Alliant Energy Corporation Company Profile
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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