2 days Ago By ABMN Staff
State of New Jersey Common Pension Fund D lessened its holdings in shares of Alliant Energy Co. ( NASDAQ:LNT – Free Report ) by 32.4% during the 2nd quarter, according to its most recent 13F filing with the SEC.
The institutional investor owned 85,000 shares of the company’s stock after selling 40,694 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Alliant Energy were worth $4,326,000 at the end of the most recent reporting period. Other hedge funds and other institutional investors have also made changes to their positions in the company.
Intech Investment Management LLC raised its position in shares of Alliant Energy by 604.0% during the 1st quarter. Intech Investment Management LLC now owns 72,768 shares of the company’s stock worth $3,668,000 after acquiring an additional 62,431 shares in the last quarter.
PNC Financial Services Group Inc. grew its stake in Alliant Energy by 24.5% during the 4th quarter.
PNC Financial Services Group Inc. now owns 103,499 shares of the company’s stock worth $5,309,000 after buying an additional 20,371 shares during the last quarter. Cetera Investment Advisers grew its stake in Alliant Energy by 200.
8% during the 1st quarter. Cetera Investment Advisers now owns 215,821 shares of the company’s stock worth $10,877,000 after buying an additional 144,077 shares during the last quarter. Cibc World Markets Corp grew its stake in Alliant Energy by 134.
9% during the 4th quarter. Cibc World Markets Corp now owns 32,771 shares of the company’s stock worth $1,681,000 after buying an additional 18,822 shares during the last quarter. Finally, Forsta AP Fonden grew its stake in Alliant Energy by 36.
3% during the 1st quarter. Forsta AP Fonden now owns 70,600 shares of the company’s stock worth $3,558,000 after buying an additional 18,800 shares during the last quarter. Institutional investors and hedge funds own 79.
90% of the company’s stock. Analysts Set New Price Targets A number of research analysts recently issued reports on the company. Scotiabank raised their price target on Alliant Energy from $58.
00 to $64.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Barclays raised their price target on Alliant Energy from $52.
00 to $55.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 11th. LADENBURG THALM/SH SH upgraded Alliant Energy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $50.
00 to $62.50 in a research note on Tuesday, August 13th. Bank of America lifted their target price on Alliant Energy from $62.
00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Finally, Wells Fargo & Company lifted their target price on Alliant Energy from $56.
00 to $62.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock.
According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $58.50.
Alliant Energy Stock Up 1.4 % LNT opened at $60.51 on Tuesday.
The company has a debt-to-equity ratio of 1.31, a current ratio of 0.65 and a quick ratio of 0.
48. The business has a 50 day simple moving average of $56.68 and a 200-day simple moving average of $52.
35. The stock has a market capitalization of $15.51 billion, a P/E ratio of 22.
00, a P/E/G ratio of 2.81 and a beta of 0.58.
Alliant Energy Co. has a 12 month low of $45.15 and a 12 month high of $60.
51. Alliant Energy ( NASDAQ:LNT – Get Free Report ) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.
57 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.07).
The business had revenue of $894.00 million during the quarter, compared to analyst estimates of $897.03 million.
Alliant Energy had a net margin of 15.77% and a return on equity of 10.23%.
The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.
64 earnings per share. On average, equities analysts anticipate that Alliant Energy Co. will post 3.
07 earnings per share for the current fiscal year. Alliant Energy Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were issued a $0.
48 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $1.
92 annualized dividend and a dividend yield of 3.17%. Alliant Energy’s dividend payout ratio is currently 69.
82%. Alliant Energy Profile ( Free Report ) Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the United States. It operates in three segments: Utility Electric Operations, Utility Gas Operations, and Utility 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. Featured Articles Want to see what other hedge funds are holding LNT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alliant Energy Co.
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