Schroder Investment Management Group lifted its stake in shares of Alliant Energy Corporation (NYSE:LNT) by 6.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,108,314 shares of the utilities provider’s stock after acquiring an additional 65,092 shares during the quarter. Schroder Investment Management Group owned 0.49% of Alliant Energy Corporation worth $44,831,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacad Investment Ltd. bought a new stake in shares of Alliant Energy Corporation during the 2nd quarter worth $125,000. Mosaic Family Wealth LLC boosted its stake in shares of Alliant Energy Corporation by 0.8% during the 2nd quarter. Mosaic Family Wealth LLC now owns 3,237 shares of the utilities provider’s stock worth $130,000 after acquiring an additional 25 shares in the last quarter. Huntington National Bank boosted its stake in shares of Alliant Energy Corporation by 229.2% during the 2nd quarter. Huntington National Bank now owns 3,292 shares of the utilities provider’s stock worth $133,000 after acquiring an additional 2,292 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Alliant Energy Corporation by 3.2% during the 1st quarter. Pacer Advisors Inc. now owns 4,281 shares of the utilities provider’s stock worth $170,000 after acquiring an additional 132 shares in the last quarter. Finally, Federated Investors Inc. PA boosted its stake in shares of Alliant Energy Corporation by 8.2% during the 2nd quarter. Federated Investors Inc. PA now owns 4,288 shares of the utilities provider’s stock worth $172,000 after acquiring an additional 326 shares in the last quarter. 67.09% of the stock is owned by institutional investors and hedge funds.
Shares of Alliant Energy Corporation (LNT) opened at 43.19 on Friday. Alliant Energy Corporation has a 1-year low of $34.88 and a 1-year high of $43.24. The stock’s 50 day moving average price is $41.89 and its 200 day moving average price is $40.53. The company has a market capitalization of $9.98 billion, a price-to-earnings ratio of 25.50 and a beta of 0.42.
Alliant Energy Corporation (NYSE:LNT) last released its earnings results on Thursday, August 3rd. The utilities provider reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. Alliant Energy Corporation had a net margin of 11.85% and a return on equity of 11.43%. The firm had revenue of $765.30 million during the quarter, compared to analyst estimates of $725.92 million. During the same quarter in the previous year, the business earned $0.37 EPS. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. Analysts expect that Alliant Energy Corporation will post $2.01 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st were issued a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date was Thursday, July 27th. Alliant Energy Corporation’s dividend payout ratio is presently 74.12%.
Several research firms have recently weighed in on LNT. BidaskClub raised Alliant Energy Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Jefferies Group LLC reissued a “hold” rating and set a $43.00 price objective (up from $42.00) on shares of Alliant Energy Corporation in a research note on Wednesday, August 9th. Zacks Investment Research raised Alliant Energy Corporation from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Thursday, June 29th. Finally, Barclays PLC reissued an “equal weight” rating and set a $43.00 price objective (up from $41.00) on shares of Alliant Energy Corporation in a research note on Thursday, June 1st. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Alliant Energy Corporation has a consensus rating of “Hold” and a consensus price target of $42.20.
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Alliant Energy Corporation 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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