WINTON GROUP Ltd lifted its position in Alliant Energy Corporation (NYSE:LNT) by 40.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,931 shares of the utilities provider’s stock after buying an additional 22,201 shares during the quarter. WINTON GROUP Ltd’s holdings in Alliant Energy Corporation were worth $3,090,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the stock. State of Wisconsin Investment Board boosted its position in Alliant Energy Corporation by 97.1% during the second quarter. State of Wisconsin Investment Board now owns 87,642 shares of the utilities provider’s stock worth $3,521,000 after purchasing an additional 43,180 shares during the period. Marshall Wace North America L.P. bought a new stake in shares of Alliant Energy Corporation in the second quarter valued at about $7,496,000. Fox Run Management L.L.C. bought a new stake in shares of Alliant Energy Corporation in the second quarter valued at about $333,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Alliant Energy Corporation by 59.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,397 shares of the utilities provider’s stock valued at $297,000 after acquiring an additional 2,755 shares during the period. Finally, Swiss National Bank boosted its position in shares of Alliant Energy Corporation by 2.9% in the second quarter. Swiss National Bank now owns 829,498 shares of the utilities provider’s stock valued at $33,321,000 after acquiring an additional 23,500 shares during the period. 66.49% of the stock is owned by institutional investors and hedge funds.
Shares of Alliant Energy Corporation (NYSE:LNT) traded up 0.65% on Friday, reaching $43.66. The company’s stock had a trading volume of 337,332 shares. Alliant Energy Corporation has a 12 month low of $34.88 and a 12 month high of $43.97. The stock has a market cap of $10.09 billion, a P/E ratio of 25.77 and a beta of 0.42. The firm’s 50-day moving average price is $42.60 and its 200-day moving average price is $41.30.
Alliant Energy Corporation (NYSE:LNT) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. The firm had revenue of $765.30 million for the quarter, compared to the consensus estimate of $725.92 million. Alliant Energy Corporation had a return on equity of 11.43% and a net margin of 11.85%. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.37 earnings per share. On average, analysts forecast that Alliant Energy Corporation will post $2.01 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be issued a dividend of $0.315 per share. The ex-dividend date of this dividend is Monday, October 30th. This represents a $1.26 annualized dividend and a yield of 2.90%. Alliant Energy Corporation’s payout ratio is currently 74.12%.
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A number of equities research analysts have recently issued reports on the stock. BidaskClub raised shares of Alliant Energy Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $43.00 price target (up previously from $42.00) on shares of Alliant Energy Corporation in a research note on Wednesday, August 9th. Bank of America Corporation assumed coverage on Alliant Energy Corporation in a research note on Tuesday. They issued a “neutral” rating and a $45.00 price target for the company. Finally, Zacks Investment Research downgraded Alliant Energy Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. Alliant Energy Corporation currently has a consensus rating of “Hold” and a consensus target price of $42.00.
In other Alliant Energy Corporation news, insider Wayne A. Reschke sold 2,000 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $42.83, for a total transaction of $85,660.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.33% of the company’s stock.
About Alliant Energy Corporation
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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