Alliant Energy Corp. (LNT) Shares Bought by Robeco Institutional Asset Management B.V.
Robeco Institutional Asset Management B.V. raised its position in shares of Alliant Energy Corp. (NYSE:LNT) by 0.2% during the third quarter, Holdings Channel reports. The institutional investor owned 534,765 shares of the company’s stock after buying an additional 877 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Alliant Energy Corp. were worth $20,489,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Fifth Third Bancorp increased its position in Alliant Energy Corp. by 76.6% in the second quarter. Fifth Third Bancorp now owns 280,208 shares of the company’s stock worth $11,124,000 after buying an additional 121,566 shares in the last quarter. Lynch & Associates IN increased its position in Alliant Energy Corp. by 0.4% in the third quarter. Lynch & Associates IN now owns 20,755 shares of the company’s stock worth $795,000 after buying an additional 75 shares in the last quarter. Welch & Forbes LLC increased its position in Alliant Energy Corp. by 100.0% in the second quarter. Welch & Forbes LLC now owns 61,700 shares of the company’s stock worth $2,449,000 after buying an additional 30,850 shares in the last quarter. Nordea Investment Management AB increased its position in Alliant Energy Corp. by 20.5% in the third quarter. Nordea Investment Management AB now owns 124,796 shares of the company’s stock worth $4,781,000 after buying an additional 21,200 shares in the last quarter. Finally, Magellan Asset Management Ltd increased its position in Alliant Energy Corp. by 150.7% in the second quarter. Magellan Asset Management Ltd now owns 405,832 shares of the company’s stock worth $16,112,000 after buying an additional 243,954 shares in the last quarter. Institutional investors and hedge funds own 66.06% of the company’s stock.
Alliant Energy Corp. (NYSE:LNT) traded up 0.94% during mid-day trading on Tuesday, reaching $37.44. 307,437 shares of the company’s stock traded hands. The firm has a 50 day moving average of $36.78 and a 200 day moving average of $38.22. The firm has a market cap of $8.52 billion, a PE ratio of 24.78 and a beta of 0.39. Alliant Energy Corp. has a 1-year low of $29.07 and a 1-year high of $40.99.
Alliant Energy Corp. (NYSE:LNT) last released its quarterly earnings results on Thursday, November 3rd. The company reported $0.80 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by $0.11. The company earned $924.60 million during the quarter, compared to analyst estimates of $1.45 billion. Alliant Energy Corp. had a net margin of 10.82% and a return on equity of 10.84%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.63 EPS. Analysts forecast that Alliant Energy Corp. will post $1.89 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Monday, October 31st were issued a dividend of $0.2938 per share. This represents a $1.18 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend was Thursday, October 27th. Alliant Energy Corp.’s payout ratio is 77.23%.
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LNT has been the topic of a number of recent research reports. Argus raised their price target on shares of Alliant Energy Corp. from $40.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, August 25th. Guggenheim assumed coverage on shares of Alliant Energy Corp. in a report on Thursday, November 3rd. They issued a “neutral” rating on the stock. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $38.75.
In other Alliant Energy Corp. news, Director Deborah B. Dunie bought 1,350 shares of Alliant Energy Corp. stock in a transaction that occurred on Monday, November 7th. The stock was acquired at an average price of $37.24 per share, for a total transaction of $50,274.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.34% of the company’s stock.
Alliant Energy Corp. Company Profile
Alliant Energy Corporation (Alliant Energy) is a regulated investor-owned public utility holding company. The Company provides regulated electric and natural gas services in Iowa and Wisconsin. The Company’s business segments are 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).
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