Trexquant Investment LP Takes Position in Alliant Energy Corporation (LNT)
Trexquant Investment LP bought a new stake in Alliant Energy Corporation (NYSE:LNT) during the second quarter, Holdings Channel reports. The firm bought 13,700 shares of the utilities provider’s stock, valued at approximately $550,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Alliant Energy Corporation by 2,934.0% in the first quarter. BlackRock Inc. now owns 18,092,905 shares of the utilities provider’s stock valued at $716,659,000 after buying an additional 17,496,557 shares during the last quarter. Mackenzie Financial Corp bought a new stake in shares of Alliant Energy Corporation during the first quarter valued at about $570,000. FMR LLC increased its stake in shares of Alliant Energy Corporation by 25.0% in the first quarter. FMR LLC now owns 6,791,770 shares of the utilities provider’s stock valued at $269,021,000 after buying an additional 1,356,522 shares during the period. Vanguard Group Inc. increased its stake in shares of Alliant Energy Corporation by 3.5% in the first quarter. Vanguard Group Inc. now owns 23,094,217 shares of the utilities provider’s stock valued at $914,762,000 after buying an additional 770,456 shares during the period. Finally, Citadel Advisors LLC increased its stake in shares of Alliant Energy Corporation by 4,133.1% in the first quarter. Citadel Advisors LLC now owns 717,094 shares of the utilities provider’s stock valued at $28,404,000 after buying an additional 700,154 shares during the period. Institutional investors own 67.68% of the company’s stock.
Shares of Alliant Energy Corporation (NYSE LNT) opened at 41.37 on Friday. The company has a market cap of $9.56 billion, a P/E ratio of 24.42 and a beta of 0.41. The company has a 50 day moving average price of $40.63 and a 200 day moving average price of $39.84. Alliant Energy Corporation has a one year low of $34.88 and a one year high of $42.19.
Alliant Energy Corporation (NYSE:LNT) last released its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.02. Alliant Energy Corporation had a return on equity of 11.43% and a net margin of 11.85%. The company had revenue of $765.30 million for the quarter, compared to analyst estimates of $725.92 million. During the same period in the prior year, the company posted $0.37 EPS. The company’s revenue was up 1.4% compared to the same quarter last year. Equities research analysts expect that Alliant Energy Corporation will post $2.01 earnings per share for the current year.
The business 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 annualized dividend and a dividend yield of 3.05%. Alliant Energy Corporation’s dividend payout ratio is currently 74.12%.
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Several brokerages recently issued reports on LNT. UBS AG reissued a “neutral” rating and issued a $42.00 price target (up previously from $41.00) on shares of Alliant Energy Corporation in a report on Wednesday, May 10th. BidaskClub raised Alliant Energy Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Jefferies Group LLC reissued a “hold” rating and issued a $43.00 price target (up previously from $42.00) on shares of Alliant Energy Corporation in a report on Wednesday. Zacks Investment Research raised Alliant Energy Corporation from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Thursday, June 29th. Finally, Barclays PLC reissued an “equal weight” rating and issued a $43.00 price target (up previously from $41.00) on shares of Alliant Energy Corporation in a report on Thursday, June 1st. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $42.33.
In related news, Director Deborah B. Dunie acquired 3,700 shares of the stock in a transaction dated Friday, May 19th. The shares were bought at an average cost of $39.61 per share, for a total transaction of $146,557.00. Following the purchase, the director now owns 11,050 shares in the company, valued at approximately $437,690.50. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP James H. Gallegos sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $41.25, for a total value of $206,250.00. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.
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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