Gamco Investors INC. ET AL Sells 1,900 Shares of Alliant Energy Corporation (LNT)

Gamco Investors INC. ET AL cut its holdings in Alliant Energy Corporation (NYSE:LNT) by 9.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,340 shares of the utilities provider’s stock after selling 1,900 shares during the period. Gamco Investors INC. ET AL’s holdings in Alliant Energy Corporation were worth $762,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of LNT. Pacad Investment Ltd. bought a new position in shares of Alliant Energy Corporation in the second quarter valued at $125,000. Mosaic Family Wealth LLC boosted its position in Alliant Energy Corporation by 0.8% during the second quarter. Mosaic Family Wealth LLC now owns 3,237 shares of the utilities provider’s stock worth $130,000 after purchasing an additional 25 shares during the period. Huntington National Bank boosted its position in Alliant Energy Corporation by 229.2% during the second quarter. Huntington National Bank now owns 3,292 shares of the utilities provider’s stock worth $133,000 after purchasing an additional 2,292 shares during the period. Federated Investors Inc. PA boosted its position in Alliant Energy Corporation by 8.2% during the second quarter. Federated Investors Inc. PA now owns 4,288 shares of the utilities provider’s stock worth $172,000 after purchasing an additional 326 shares during the period. Finally, Pacer Advisors Inc. boosted its position 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 period. Institutional investors own 67.44% of the company’s stock.

Shares of Alliant Energy Corporation (LNT) opened at $45.18 on Wednesday. The stock has a market cap of $10,242.36, a PE ratio of 23.69, a PEG ratio of 3.71 and a beta of 0.46. Alliant Energy Corporation has a 52-week low of $35.26 and a 52-week high of $45.23. 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 (NYSE:LNT) last announced its earnings results on Thursday, November 2nd. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($0.13). The business had revenue of $907.00 million during the quarter, compared to the consensus estimate of $1.23 billion. Alliant Energy Corporation had a net margin of 13.13% and a return on equity of 11.02%. The company’s revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.80 EPS. sell-side analysts forecast that Alliant Energy Corporation will post 1.94 EPS for the current year.

The firm also recently announced 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. The ex-dividend date of this dividend is Monday, October 30th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.79%. Alliant Energy Corporation’s payout ratio is presently 67.74%.

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A number of equities analysts have commented on the stock. Jefferies Group LLC reaffirmed a “hold” rating and set a $43.00 price objective (up from $42.00) on shares of Alliant Energy Corporation in a research report on Wednesday, August 9th. BidaskClub raised shares of Alliant Energy Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Bank of America Corporation assumed coverage on shares of Alliant Energy Corporation in a research report on Tuesday, October 24th. They set a “neutral” rating and a $45.00 price objective for the company. Finally, Zacks Investment Research cut shares of Alliant Energy Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $42.00.

In other news, insider Wayne A. Reschke sold 2,000 shares of the business’s 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 accessible through this hyperlink. Insiders own 0.33% of the company’s stock.

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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Institutional Ownership by Quarter for Alliant Energy Corporation (NYSE:LNT)

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