Alliant Energy Corporation (LNT) Position Increased by Spectrum Management Group Inc.
Spectrum Management Group Inc. boosted its stake in Alliant Energy Corporation (NYSE:LNT) by 10.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,160 shares of the utilities provider’s stock after acquiring an additional 1,710 shares during the period. Spectrum Management Group Inc.’s holdings in Alliant Energy Corporation were worth $755,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Pacad Investment Ltd. acquired a new stake in Alliant Energy Corporation in the second quarter valued at $125,000. Mosaic Family Wealth LLC raised its holdings in Alliant Energy Corporation by 0.8% in the second quarter. Mosaic Family Wealth LLC now owns 3,237 shares of the utilities provider’s stock valued at $130,000 after acquiring an additional 25 shares in the last quarter. Huntington National Bank raised its holdings in shares of Alliant Energy Corporation by 229.2% during the second quarter. Huntington National Bank now owns 3,292 shares of the utilities provider’s stock worth $133,000 after purchasing an additional 2,292 shares during the period. Federated Investors Inc. PA raised its holdings in shares of Alliant Energy Corporation by 8.2% during the second quarter. Federated Investors Inc. PA now owns 4,288 shares of the utilities provider’s stock worth $172,000 after purchasing an additional 326 shares during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Alliant Energy Corporation during the third quarter worth $187,000. 67.44% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Wayne A. Reschke sold 2,000 shares of the stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $42.83, for a total value of $85,660.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.33% of the stock is owned by company insiders.
A number of analysts have weighed in on LNT shares. BidaskClub raised shares of Alliant Energy Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research cut shares of Alliant Energy Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Bank of America Corporation started coverage on shares of Alliant Energy Corporation in a report on Tuesday, October 24th. They set a “neutral” rating and a $45.00 target price on the stock. Finally, Jefferies Group LLC reissued a “hold” rating and set a $43.00 target price (up from $42.00) on shares of Alliant Energy Corporation in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $42.00.
Alliant Energy Corporation (LNT) traded down $0.08 during mid-day trading on Friday, hitting $44.63. 1,204,400 shares of the company were exchanged, compared to its average volume of 1,214,010. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.36 and a current ratio of 0.51. Alliant Energy Corporation has a 1-year low of $35.26 and a 1-year high of $45.55. The firm has a market cap of $10,337.15, a PE ratio of 23.91, a PEG ratio of 3.75 and a beta of 0.46.
Alliant Energy Corporation (NYSE:LNT) last released its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.75 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($0.13). Alliant Energy Corporation had a return on equity of 11.02% and a net margin of 13.13%. The firm had revenue of $907.00 million during the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the business earned $0.80 EPS. The firm’s revenue was down 1.9% on a year-over-year basis. analysts expect that Alliant Energy Corporation will post 1.94 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were issued a $0.315 dividend. The ex-dividend date of this dividend was Monday, October 30th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.82%. Alliant Energy Corporation’s dividend payout ratio (DPR) is presently 67.74%.
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Alliant Energy Corporation 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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