Alpha Omega Wealth Management LLC grew its stake in shares of Alliant Energy Corporation (NYSE:LNT) by 2.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 80,909 shares of the utilities provider’s stock after purchasing an additional 1,798 shares during the period. Alliant Energy Corporation comprises about 1.7% of Alpha Omega Wealth Management LLC’s holdings, making the stock its 19th biggest holding. Alpha Omega Wealth Management LLC’s holdings in Alliant Energy Corporation were worth $3,363,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in LNT. Teachers Advisors LLC lifted its holdings in shares of Alliant Energy Corporation by 4.4% during the first quarter. Teachers Advisors LLC now owns 293,932 shares of the utilities provider’s stock valued at $11,643,000 after purchasing an additional 12,450 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Alliant Energy Corporation by 2.1% during the first quarter. Dimensional Fund Advisors LP now owns 537,303 shares of the utilities provider’s stock valued at $21,282,000 after buying an additional 11,079 shares during the period. Renaissance Technologies LLC acquired a new position in Alliant Energy Corporation during the first quarter valued at $1,739,000. Credit Suisse AG raised its position in Alliant Energy Corporation by 2.1% during the first quarter. Credit Suisse AG now owns 268,977 shares of the utilities provider’s stock valued at $10,653,000 after buying an additional 5,484 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ acquired a new position in Alliant Energy Corporation during the first quarter valued at $281,000. 66.82% of the stock is owned by institutional investors and hedge funds.
In other Alliant Energy Corporation news, insider Wayne A. Reschke sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $42.83, for a total value of $85,660.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.33% of the company’s stock.
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Shares of Alliant Energy Corporation (NYSE:LNT) traded down $0.32 during mid-day trading on Friday, reaching $43.81. The company’s stock had a trading volume of 195,297 shares, compared to its average volume of 1,370,000. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.51 and a current ratio of 0.51. Alliant Energy Corporation has a 12 month low of $34.88 and a 12 month high of $44.39. The firm has a market cap of $10,120.00, a price-to-earnings ratio of 23.57, a P/E/G ratio of 3.69 and a beta of 0.47.
Alliant Energy Corporation (NYSE:LNT) last issued its earnings results on Thursday, November 2nd. The utilities provider reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.13). Alliant Energy Corporation had a return on equity of 11.02% and a net margin of 13.13%. The firm had revenue of $907.00 million during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the company earned $0.80 earnings per share. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. sell-side analysts forecast that Alliant Energy Corporation will post 1.94 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be given a $0.315 dividend. This represents a $1.26 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend is Monday, October 30th. Alliant Energy Corporation’s payout ratio is currently 68.11%.
Several research firms recently weighed in on LNT. BidaskClub raised Alliant Energy Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Jefferies Group LLC reissued a “hold” rating and set a $43.00 price target (up from $42.00) on shares of Alliant Energy Corporation in a research report on Wednesday, August 9th. Bank of America Corporation began coverage on Alliant Energy Corporation in a research report on Tuesday, October 24th. They set a “neutral” rating and a $45.00 price target on the stock. Finally, Zacks Investment Research lowered Alliant Energy Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $42.00.
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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