Commerce Bank lifted its stake in shares of Alliant Energy Co. (NYSE:LNT) by 17.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,739 shares of the utilities provider’s stock after purchasing an additional 2,540 shares during the quarter. Commerce Bank’s holdings in Alliant Energy were worth $713,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. AT Bancorp grew its position in Alliant Energy by 9.9% during the second quarter. AT Bancorp now owns 13,321 shares of the utilities provider’s stock worth $564,000 after buying an additional 1,200 shares in the last quarter. UMB Bank N A MO grew its position in Alliant Energy by 2.5% during the third quarter. UMB Bank N A MO now owns 56,422 shares of the utilities provider’s stock worth $2,402,000 after buying an additional 1,400 shares in the last quarter. Commerzbank Aktiengesellschaft FI grew its position in Alliant Energy by 26.9% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 6,648 shares of the utilities provider’s stock worth $281,000 after buying an additional 1,411 shares in the last quarter. Spectrum Management Group Inc. grew its position in Alliant Energy by 7.5% during the second quarter. Spectrum Management Group Inc. now owns 20,340 shares of the utilities provider’s stock worth $861,000 after buying an additional 1,420 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI grew its position in Alliant Energy by 1.9% during the second quarter. Zurich Insurance Group Ltd FI now owns 88,992 shares of the utilities provider’s stock worth $3,766,000 after buying an additional 1,681 shares in the last quarter. Institutional investors own 71.17% of the company’s stock.
In other news, Director Deborah B. Dunie acquired 1,250 shares of the business’s stock in a transaction dated Thursday, September 13th. The stock was purchased at an average cost of $43.80 per share, for a total transaction of $54,750.00. Following the acquisition, the director now owns 12,300 shares of the company’s stock, valued at $538,740. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.25% of the stock is currently owned by corporate insiders.
LNT opened at $44.61 on Friday. 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 1.15, a current ratio of 0.73 and a quick ratio of 0.48. The stock has a market capitalization of $10.25 billion, a PE ratio of 23.11, a PEG ratio of 3.78 and a beta of 0.16.
Alliant Energy (NYSE:LNT) last posted its quarterly earnings data on Tuesday, November 6th. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $928.60 million during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the prior year, the business earned $0.75 EPS. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, equities research analysts expect that Alliant Energy Co. will post 2.15 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st will be issued a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend is Tuesday, October 30th. Alliant Energy’s payout ratio is currently 69.43%.
Several equities analysts recently commented on the company. Mizuho assumed coverage on Alliant Energy in a research report on Monday, October 8th. They set a “neutral” rating and a $44.00 target price for the company. Wells Fargo & Co boosted their target price on Alliant Energy from $45.00 to $47.00 and gave the stock a “market perform” rating in a research report on Monday, September 17th. ValuEngine upgraded Alliant Energy from a “hold” rating to a “buy” rating in a research report on Thursday, October 11th. UBS Group boosted their target price on Alliant Energy from $43.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, August 10th. Finally, Wolfe Research cut Alliant Energy from a “peer perform” rating to an “underperform” rating in a research report on Monday, August 13th. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. Alliant Energy currently has a consensus rating of “Hold” and an average price target of $45.33.
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Alliant Energy Profile
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.
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