Alliant Energy Co. (NYSE:LNT) SVP James H. Gallegos sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The stock was 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 Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of NYSE:LNT opened at $41.02 on Friday. Alliant Energy Co. has a 1 year low of $36.84 and a 1 year high of $45.55. The company has a market cap of $9,561.96, a PE ratio of 21.25, a price-to-earnings-growth ratio of 3.70 and a beta of 0.31. 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 announced its earnings results on Thursday, February 22nd. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). Alliant Energy had a net margin of 13.82% and a return on equity of 11.11%. The business had revenue of $856.10 million for the quarter, compared to analysts’ expectations of $896.94 million. During the same quarter last year, the business earned $0.28 EPS. The company’s quarterly revenue was up 7.4% on a year-over-year basis. sell-side analysts expect that Alliant Energy Co. will post 2.11 EPS for the current fiscal year.
Alliant Energy declared that its Board of Directors has initiated a share repurchase plan on Monday, January 15th that allows the company to buyback outstanding shares. This buyback authorization allows the utilities provider to buy shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
Several equities research analysts have commented on the company. Zacks Investment Research lowered Alliant Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, January 24th. Wells Fargo restated a “market perform” rating and issued a $43.00 price objective (down previously from $47.00) on shares of Alliant Energy in a research report on Monday, February 26th. UBS assumed coverage on Alliant Energy in a research report on Friday, February 2nd. They issued a “neutral” rating and a $40.00 price objective on the stock. Finally, Guggenheim restated a “hold” rating and issued a $43.00 price objective on shares of Alliant Energy in a research report on Wednesday, January 3rd. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $42.83.
Several large investors have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. lifted its position in shares of Alliant Energy by 36.6% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 62,116 shares of the utilities provider’s stock valued at $2,647,000 after buying an additional 16,656 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Alliant Energy by 19.8% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 137,661 shares of the utilities provider’s stock valued at $5,866,000 after purchasing an additional 22,764 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in Alliant Energy by 40.2% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 15,009 shares of the utilities provider’s stock valued at $640,000 after purchasing an additional 4,300 shares in the last quarter. MetLife Investment Advisors LLC purchased a new position in Alliant Energy in the 4th quarter valued at $3,048,000. Finally, BB&T Securities LLC lifted its holdings in Alliant Energy by 12.0% in the 4th quarter. BB&T Securities LLC now owns 119,335 shares of the utilities provider’s stock valued at $5,084,000 after purchasing an additional 12,749 shares in the last quarter. Hedge funds and other institutional investors own 69.94% of the company’s stock.
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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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