Schwab Charles Investment Management Inc. increased its position in Alliant Energy Corporation (NYSE:LNT) by 7.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,052,586 shares of the utilities provider’s stock after buying an additional 68,584 shares during the period. Schwab Charles Investment Management Inc. owned 0.46% of Alliant Energy Corporation worth $42,283,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Johnson Financial Group Inc. increased its holdings in Alliant Energy Corporation by 2.0% in the first quarter. Johnson Financial Group Inc. now owns 41,229 shares of the utilities provider’s stock worth $1,633,000 after buying an additional 817 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Alliant Energy Corporation by 14.7% in the first quarter. Wells Fargo & Company MN now owns 379,381 shares of the utilities provider’s stock worth $15,028,000 after buying an additional 48,487 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in Alliant Energy Corporation in the second quarter worth approximately $333,000. Mackenzie Financial Corp acquired a new position in Alliant Energy Corporation in the first quarter worth approximately $570,000. Finally, Investment Centers of America Inc. increased its holdings in Alliant Energy Corporation by 0.9% in the first quarter. Investment Centers of America Inc. now owns 85,699 shares of the utilities provider’s stock worth $3,403,000 after buying an additional 745 shares during the last quarter. Hedge funds and other institutional investors own 67.09% of the company’s stock.
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Alliant Energy Corporation (LNT) opened at 43.19 on Monday. The firm has a market cap of $9.98 billion, a P/E ratio of 25.50 and a beta of 0.42. The company has a 50-day moving average price of $41.89 and a 200-day moving average price of $40.53. Alliant Energy Corporation has a 12-month low of $34.88 and a 12-month high of $43.24.
Alliant Energy Corporation (NYSE:LNT) last released its earnings results on Thursday, August 3rd. The utilities provider reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The firm had revenue of $765.30 million for the quarter, compared to analysts’ expectations of $725.92 million. Alliant Energy Corporation had a return on equity of 11.43% and a net margin of 11.85%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.37 EPS. On average, analysts predict that Alliant Energy Corporation will post $2.01 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st were paid a $0.315 dividend. This represents a $1.26 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend was Thursday, July 27th. Alliant Energy Corporation’s payout ratio is 74.12%.
A number of equities analysts recently commented on the company. BidaskClub upgraded Alliant Energy Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Barclays PLC restated an “equal weight” rating and issued a $43.00 price objective (up previously from $41.00) on shares of Alliant Energy Corporation in a report on Thursday, June 1st. Jefferies Group LLC assumed coverage on Alliant Energy Corporation in a report on Friday, May 26th. They issued a “hold” rating and a $42.00 price objective on the stock. Finally, Zacks Investment Research upgraded Alliant Energy Corporation from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a report on Thursday, June 29th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $42.20.
Alliant Energy Corporation 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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