Retirement Systems of Alabama Sells 131,692 Shares of Alliant Energy Corp. (LNT)
Retirement Systems of Alabama reduced its stake in shares of Alliant Energy Corp. (NYSE:LNT) by 26.2% during the third quarter, Holdings Channel reports. The institutional investor owned 371,608 shares of the company’s stock after selling 131,692 shares during the period. Retirement Systems of Alabama’s holdings in Alliant Energy Corp. were worth $14,236,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in the stock. M&R Capital Management Inc. acquired a new stake in Alliant Energy Corp. during the second quarter valued at about $104,000. Mizuho Asset Management Co. Ltd. increased its stake in Alliant Energy Corp. by 224.7% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,708 shares of the company’s stock valued at $108,000 after buying an additional 1,874 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Alliant Energy Corp. by 7.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,843 shares of the company’s stock valued at $112,000 after buying an additional 207 shares during the last quarter. Smithfield Trust Co. increased its stake in Alliant Energy Corp. by 100.0% in the second quarter. Smithfield Trust Co. now owns 2,900 shares of the company’s stock valued at $115,000 after buying an additional 1,450 shares during the last quarter. Finally, Capital Guardian Trust Co. increased its stake in Alliant Energy Corp. by 433.3% in the second quarter. Capital Guardian Trust Co. now owns 3,200 shares of the company’s stock valued at $127,000 after buying an additional 2,600 shares during the last quarter. Institutional investors own 66.06% of the company’s stock.
Alliant Energy Corp. (NYSE:LNT) traded down 2.79% during trading on Wednesday, reaching $36.21. 367,627 shares of the company’s stock were exchanged. The stock has a market cap of $8.24 billion, a PE ratio of 23.96 and a beta of 0.39. The firm has a 50 day moving average of $36.78 and a 200-day moving average of $38.22. Alliant Energy Corp. has a 12 month low of $29.07 and a 12 month high of $40.99.
Alliant Energy Corp. (NYSE:LNT) last announced its earnings results on Thursday, November 3rd. The company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by $0.11. The business had revenue of $924.60 million for the quarter, compared to the consensus estimate of $1.45 billion. Alliant Energy Corp. had a net margin of 10.82% and a return on equity of 10.84%. Alliant Energy Corp.’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.63 EPS. On average, equities research analysts anticipate that Alliant Energy Corp. will post $1.89 earnings per share for the current fiscal 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. The ex-dividend date of this dividend was Thursday, October 27th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.15%. Alliant Energy Corp.’s dividend payout ratio is presently 77.23%.
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Several analysts recently issued reports on the stock. Guggenheim assumed coverage on shares of Alliant Energy Corp. in a research report on Thursday, November 3rd. They issued a “neutral” rating for the company. Argus lifted their price target on shares of Alliant Energy Corp. from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, August 25th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Alliant Energy Corp. presently has a consensus rating of “Buy” and a consensus target price of $38.75.
In other Alliant Energy Corp. news, Director Deborah B. Dunie bought 1,350 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The stock was bought 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 can be accessed through this link. 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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