Alliant Energy Corporation (NYSE:LNT) insider Wayne A. Reschke sold 2,000 shares of Alliant Energy Corporation stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $42.83, for a total value of $85,660.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Alliant Energy Corporation (NYSE:LNT) traded up 0.95% during midday trading on Monday, reaching $43.60. The company had a trading volume of 939,590 shares. Alliant Energy Corporation has a 12 month low of $34.88 and a 12 month high of $43.69. The firm’s 50-day moving average price is $41.90 and its 200 day moving average price is $40.56. The firm has a market capitalization of $10.07 billion, a PE ratio of 25.74 and a beta of 0.42.
Alliant Energy Corporation (NYSE:LNT) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The firm had revenue of $765.30 million during the quarter, compared to the consensus estimate of $725.92 million. Alliant Energy Corporation had a return on equity of 11.43% and a net margin of 11.85%. Alliant Energy Corporation’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.37 earnings per share. Equities analysts anticipate that Alliant Energy Corporation will post $2.01 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were issued a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date was Thursday, July 27th. Alliant Energy Corporation’s dividend payout ratio is currently 74.12%.
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Several equities analysts have recently issued reports on LNT shares. Zacks Investment Research cut Alliant Energy Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, May 18th. BidaskClub upgraded Alliant Energy Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Jefferies Group LLC started coverage on Alliant Energy Corporation in a research note on Friday, May 26th. They issued a “hold” rating and a $42.00 price objective for the company. Finally, Barclays PLC reiterated an “equal weight” rating and issued a $43.00 price objective (up previously 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 assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $42.20.
Institutional investors and hedge funds have recently modified their holdings of the stock. Johnson Financial Group Inc. boosted 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 valued at $1,633,000 after purchasing an additional 817 shares during the last quarter. Wells Fargo & Company MN boosted 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 valued at $15,028,000 after purchasing an additional 48,487 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in Alliant Energy Corporation in the second quarter valued at about $333,000. State of Wisconsin Investment Board boosted its holdings in Alliant Energy Corporation by 97.1% in the second quarter. State of Wisconsin Investment Board now owns 87,642 shares of the utilities provider’s stock valued at $3,521,000 after purchasing an additional 43,180 shares during the last quarter. Finally, Marshall Wace North America L.P. purchased a new position in Alliant Energy Corporation in the second quarter valued at about $7,496,000. 67.09% of the stock is owned by hedge funds and other institutional investors.
About Alliant Energy Corporation
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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