Oregon Public Employees Retirement Fund reduced its holdings in Alliant Energy Corporation (NYSE:LNT) by 65.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,714 shares of the utilities provider’s stock after selling 45,263 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Alliant Energy Corporation were worth $986,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Pacad Investment Ltd. acquired a new stake in shares of Alliant Energy Corporation in the 2nd quarter valued at approximately $125,000. Mosaic Family Wealth LLC lifted its holdings in shares of Alliant Energy Corporation by 0.8% in the 2nd quarter. Mosaic Family Wealth LLC now owns 3,237 shares of the utilities provider’s stock valued at $130,000 after buying an additional 25 shares during the period. Huntington National Bank lifted its holdings in shares of Alliant Energy Corporation by 229.2% in the 2nd quarter. Huntington National Bank now owns 3,292 shares of the utilities provider’s stock valued at $133,000 after buying an additional 2,292 shares during the period. Federated Investors Inc. PA lifted its holdings in shares of Alliant Energy Corporation by 8.2% in the 2nd quarter. Federated Investors Inc. PA now owns 4,288 shares of the utilities provider’s stock valued at $172,000 after buying an additional 326 shares during the period. Finally, Pacer Advisors Inc. raised its holdings in Alliant Energy Corporation by 8.2% during the second quarter. Pacer Advisors Inc. now owns 4,632 shares of the utilities provider’s stock worth $186,000 after purchasing an additional 351 shares during the last quarter. 67.44% of the stock is owned by institutional investors and hedge funds.
Shares of Alliant Energy Corporation (NYSE LNT) opened at $45.18 on Wednesday. The company has a market capitalization of $10,242.36, a price-to-earnings ratio of 23.69, a PEG ratio of 3.71 and a beta of 0.46. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.51 and a quick ratio of 0.36. Alliant Energy Corporation has a 1 year low of $35.26 and a 1 year high of $45.23.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st will be given a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend is Monday, October 30th. Alliant Energy Corporation’s dividend payout ratio is currently 67.74%.
Several brokerages recently issued reports on LNT. Zacks Investment Research cut Alliant Energy Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Bank of America Corporation initiated coverage on Alliant Energy Corporation in a report on Tuesday, October 24th. They set a “neutral” rating and a $45.00 price objective for the company. BidaskClub raised Alliant Energy Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $43.00 price target (up from $42.00) on shares of Alliant Energy Corporation in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $42.00.
In other Alliant Energy Corporation news, insider Wayne A. Reschke sold 2,000 shares of the business’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $42.83, for a total transaction of $85,660.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.33% of the stock is currently owned by insiders.
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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