WINTON GROUP Ltd reduced its position in shares of Alliant Energy Corporation (NYSE:LNT) by 90.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,198 shares of the utilities provider’s stock after selling 69,733 shares during the quarter. WINTON GROUP Ltd’s holdings in Alliant Energy were worth $299,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in LNT. Cadence Capital Management LLC increased its stake in shares of Alliant Energy by 41.5% in the third quarter. Cadence Capital Management LLC now owns 10,492 shares of the utilities provider’s stock worth $436,000 after acquiring an additional 3,077 shares during the last quarter. Citadel Advisors LLC increased its stake in shares of Alliant Energy by 2.9% in the third quarter. Citadel Advisors LLC now owns 498,591 shares of the utilities provider’s stock worth $20,726,000 after acquiring an additional 14,154 shares during the last quarter. Schroder Investment Management Group increased its stake in shares of Alliant Energy by 4.6% in the third quarter. Schroder Investment Management Group now owns 1,159,045 shares of the utilities provider’s stock worth $48,332,000 after acquiring an additional 50,731 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Alliant Energy by 11.0% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,792 shares of the utilities provider’s stock worth $781,000 after acquiring an additional 1,866 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Alliant Energy by 3.9% in the third quarter. Legal & General Group Plc now owns 1,869,866 shares of the utilities provider’s stock worth $77,730,000 after acquiring an additional 70,230 shares during the last quarter. 68.43% of the stock is currently owned by institutional investors.
Alliant Energy Corporation (NYSE LNT) opened at $44.94 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.36 and a debt-to-equity ratio of 1.02. The company has a market cap of $10,390.31, a price-to-earnings ratio of 24.03, a price-to-earnings-growth ratio of 3.60 and a beta of 0.47. Alliant Energy Corporation has a 1 year low of $36.33 and a 1 year high of $45.55.
Alliant Energy (NYSE:LNT) last posted its earnings results on Thursday, November 2nd. The utilities provider reported $0.75 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by ($0.13). The business had revenue of $907.00 million for the quarter, compared to analyst estimates of $1.23 billion. Alliant Energy had a return on equity of 11.02% and a net margin of 13.13%. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.80 earnings per share. equities analysts anticipate that Alliant Energy Corporation will post 1.96 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were given a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend was Monday, October 30th. Alliant Energy’s payout ratio is 67.74%.
A number of equities analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Alliant Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. Bank of America assumed coverage on shares of Alliant Energy in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $45.00 price target on the stock. Finally, BidaskClub raised shares of Alliant Energy from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $42.00.
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Alliant Energy 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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