Brown Advisory Inc. Buys 1,553 Shares of Alliant Energy Co. (LNT)
Brown Advisory Inc. grew its stake in Alliant Energy Co. (NYSE:LNT) by 2.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,768 shares of the utilities provider’s stock after acquiring an additional 1,553 shares during the quarter. Brown Advisory Inc.’s holdings in Alliant Energy were worth $2,927,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of LNT. Piedmont Investment Advisors LLC purchased a new position in shares of Alliant Energy during the 2nd quarter worth $115,000. Twin Tree Management LP purchased a new position in shares of Alliant Energy during the 3rd quarter worth $118,000. Cerebellum GP LLC purchased a new position in shares of Alliant Energy during the 3rd quarter worth $178,000. First Heartland Consultants Inc. purchased a new position in shares of Alliant Energy during the 2nd quarter worth $200,000. Finally, Iberiabank Corp purchased a new position in shares of Alliant Energy during the 3rd quarter worth $204,000. 71.43% of the stock is owned by institutional investors and hedge funds.
In other news, Director Deborah B. Dunie bought 1,250 shares of the stock in a transaction that occurred on Thursday, September 13th. The stock was bought at an average cost of $43.80 per share, for a total transaction of $54,750.00. Following the acquisition, the director now directly owns 12,300 shares of the company’s stock, valued at approximately $538,740. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.25% of the company’s stock.
NYSE LNT opened at $45.84 on Friday. The firm has a market cap of $10.89 billion, a PE ratio of 23.75, a price-to-earnings-growth ratio of 3.61 and a beta of 0.18. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.73 and a quick ratio of 0.59. Alliant Energy Co. has a twelve month low of $36.84 and a twelve month high of $46.58.
Alliant Energy (NYSE:LNT) last announced its earnings results on Tuesday, November 6th. The utilities provider reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. Alliant Energy had a return on equity of 11.69% and a net margin of 15.09%. The company had revenue of $928.60 million during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period last year, the business posted $0.75 EPS. Alliant Energy’s revenue for the quarter was up 2.4% on a year-over-year basis. As a group, equities analysts expect that Alliant Energy Co. will post 2.15 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Wednesday, October 31st were issued a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date was Tuesday, October 30th. Alliant Energy’s dividend payout ratio (DPR) is 69.43%.
COPYRIGHT VIOLATION WARNING: This news story was first posted by Daily Political and is the sole property of of Daily Political. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this news story can be accessed at https://www.dailypolitical.com/2018/12/08/brown-advisory-inc-buys-1553-shares-of-alliant-energy-co-lnt.html.
About Alliant Energy
Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the Midwest region of the United States. It operates through three segments: Electric, Gas, and Other. The company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinois, and Iowa; and generates and distributes steam in Cedar Rapids, Iowa.
Receive News & Ratings for Alliant Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliant Energy and related companies with MarketBeat.com's FREE daily email newsletter.