Alliant Energy Corporation (LNT) Shares Bought by Asset Management One Co. Ltd.
Asset Management One Co. Ltd. boosted its stake in shares of Alliant Energy Corporation (NYSE:LNT) by 0.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 435,167 shares of the utilities provider’s stock after acquiring an additional 3,084 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.19% of Alliant Energy worth $18,092,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of LNT. Janus Henderson Group PLC grew its holdings in Alliant Energy by 11,520.8% during the 2nd quarter. Janus Henderson Group PLC now owns 3,638,001 shares of the utilities provider’s stock worth $146,138,000 after acquiring an additional 3,606,695 shares during the last quarter. Boston Partners boosted its stake in shares of Alliant Energy by 57.8% in the 3rd quarter. Boston Partners now owns 5,497,184 shares of the utilities provider’s stock valued at $228,517,000 after purchasing an additional 2,012,490 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Alliant Energy by 107.3% in the 2nd quarter. Principal Financial Group Inc. now owns 2,224,465 shares of the utilities provider’s stock valued at $89,356,000 after purchasing an additional 1,151,182 shares during the last quarter. Duff & Phelps Investment Management Co. boosted its stake in shares of Alliant Energy by 27.3% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 3,373,240 shares of the utilities provider’s stock valued at $140,226,000 after purchasing an additional 723,500 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Alliant Energy by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 23,675,021 shares of the utilities provider’s stock valued at $951,025,000 after purchasing an additional 580,804 shares during the last quarter. 68.57% of the stock is currently owned by hedge funds and other institutional investors.
Alliant Energy Corporation (NYSE:LNT) traded up $0.28 during trading on Thursday, reaching $44.29. 1,387,900 shares of the company traded hands, compared to its average volume of 1,218,660. Alliant Energy Corporation has a twelve month low of $36.33 and a twelve month high of $45.55. The company has a market cap of $10,175.31, a price-to-earnings ratio of 23.53, a price-to-earnings-growth ratio of 3.52 and a beta of 0.47. The company has a quick ratio of 0.36, a current ratio of 0.51 and a debt-to-equity ratio of 1.02.
Alliant Energy (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 consensus estimate of $0.88 by ($0.13). The firm had revenue of $907.00 million for the quarter, compared to the consensus estimate of $1.23 billion. Alliant Energy had a return on equity of 11.02% and a net margin of 13.13%. The firm’s revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.80 EPS. research analysts anticipate that Alliant Energy Corporation will post 1.96 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were issued a dividend of $0.315 per share. The ex-dividend date was Monday, October 30th. This represents a $1.26 annualized dividend and a yield of 2.84%. Alliant Energy’s dividend payout ratio (DPR) is currently 67.74%.
LNT has been the topic of several recent research reports. BidaskClub raised shares of Alliant Energy from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Zacks Investment Research lowered shares of Alliant Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. Finally, Bank of America initiated coverage on shares of Alliant Energy in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $45.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $42.00.
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About Alliant Energy
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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