Millennium Management LLC boosted its position in Alliant Energy Co. (NYSE:LNT) by 19.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,268,709 shares of the utilities provider’s stock after purchasing an additional 372,726 shares during the period. Millennium Management LLC owned about 0.98% of Alliant Energy worth $96,670,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Flinton Capital Management LLC lifted its position in shares of Alliant Energy by 137.4% during the fourth quarter. Flinton Capital Management LLC now owns 26,460 shares of the utilities provider’s stock worth $1,127,000 after acquiring an additional 15,316 shares in the last quarter. Cornerstone Capital Management Holdings LLC. lifted its position in shares of Alliant Energy by 9.5% during the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 43,470 shares of the utilities provider’s stock worth $1,852,000 after acquiring an additional 3,786 shares in the last quarter. Elkfork Partners LLC purchased a new stake in shares of Alliant Energy during the fourth quarter worth $886,000. Teachers Advisors LLC lifted its position in shares of Alliant Energy by 3.3% during the fourth quarter. Teachers Advisors LLC now owns 316,976 shares of the utilities provider’s stock worth $13,506,000 after acquiring an additional 10,208 shares in the last quarter. Finally, Raymond James & Associates lifted its position in shares of Alliant Energy by 20.8% during the fourth quarter. Raymond James & Associates now owns 393,921 shares of the utilities provider’s stock worth $16,785,000 after acquiring an additional 67,931 shares in the last quarter. Institutional investors and hedge funds own 69.94% of the company’s stock.
LNT has been the topic of several recent research reports. Guggenheim restated a “hold” rating and set a $43.00 target price on shares of Alliant Energy in a research report on Wednesday, January 3rd. Wells Fargo downgraded Alliant Energy from an “outperform” rating to a “market perform” rating in a research report on Monday, December 18th. Zacks Investment Research upgraded Alliant Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 28th. Finally, UBS initiated coverage on Alliant Energy in a research report on Friday, February 2nd. They set a “neutral” rating and a $40.00 target price on the stock. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $42.83.
Shares of Alliant Energy stock traded down $0.31 during trading on Friday, hitting $41.02. The stock had a trading volume of 2,155,282 shares, compared to its average volume of 1,937,840. The stock has a market cap of $9,561.96, a P/E ratio of 21.25, a PEG ratio of 3.70 and a beta of 0.31. Alliant Energy Co. has a 12 month low of $36.84 and a 12 month high of $45.55. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.32 and a current ratio of 0.42.
Alliant Energy (NYSE:LNT) last released its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). The firm had revenue of $856.10 million during the quarter, compared to the consensus estimate of $896.94 million. Alliant Energy had a return on equity of 11.11% and a net margin of 13.82%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 EPS. sell-side analysts predict that Alliant Energy Co. will post 2.11 earnings per share for the current year.
Alliant Energy declared that its board has approved a share buyback plan on Monday, January 15th that permits the company to repurchase outstanding shares. This repurchase authorization permits the utilities provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
In other news, SVP James H. Gallegos sold 5,000 shares of the company’s stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $39.80, for a total value of $199,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.33% of the company’s stock.
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Alliant Energy 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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