Fmr LLC increased its holdings in Alliant Energy Co. (NYSE:LNT) by 0.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,488,080 shares of the utilities provider’s stock after buying an additional 13,288 shares during the period. Fmr LLC’s holdings in Alliant Energy were worth $189,935,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in LNT. BlackRock Inc. lifted its holdings in Alliant Energy by 0.7% in the 2nd quarter. BlackRock Inc. now owns 21,615,260 shares of the utilities provider’s stock valued at $914,758,000 after purchasing an additional 140,957 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Alliant Energy by 3.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,229,269 shares of the utilities provider’s stock valued at $52,023,000 after purchasing an additional 39,986 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Alliant Energy by 2.1% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 713,329 shares of the utilities provider’s stock valued at $30,188,000 after purchasing an additional 14,781 shares in the last quarter. Swiss National Bank lifted its holdings in Alliant Energy by 3.5% in the 2nd quarter. Swiss National Bank now owns 764,898 shares of the utilities provider’s stock valued at $32,370,000 after purchasing an additional 26,200 shares in the last quarter. Finally, Chicago Capital LLC purchased a new position in Alliant Energy in the 2nd quarter valued at about $998,000. Institutional investors and hedge funds own 71.06% of the company’s stock.
A number of research analysts have issued reports on the stock. ValuEngine lowered shares of Alliant Energy from a “buy” rating to a “hold” rating in a report on Thursday. Mizuho initiated coverage on shares of Alliant Energy in a report on Monday, October 8th. They set a “neutral” rating and a $44.00 price objective on the stock. Wells Fargo & Co increased their price objective on shares of Alliant Energy from $45.00 to $47.00 and gave the stock a “market perform” rating in a report on Monday, September 17th. Wolfe Research lowered shares of Alliant Energy from a “peer perform” rating to an “underperform” rating in a report on Monday, August 13th. Finally, UBS Group increased their price objective on shares of Alliant Energy from $43.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, August 10th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $45.17.
Shares of LNT stock opened at $42.47 on Friday. The stock has a market cap of $9.93 billion, a PE ratio of 20.92, a P/E/G ratio of 3.67 and a beta of 0.16. Alliant Energy Co. has a 1-year low of $36.84 and a 1-year high of $45.55. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.48 and a current ratio of 0.64.
Alliant Energy (NYSE:LNT) last announced its quarterly earnings data on Thursday, August 2nd. The utilities provider reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.02). The company had revenue of $816.10 million for the quarter, compared to analysts’ expectations of $789.73 million. Alliant Energy had a return on equity of 11.35% and a net margin of 14.14%. The company’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.41 earnings per share. Analysts forecast that Alliant Energy Co. will post 2.14 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st will be issued a dividend of $0.335 per share. The ex-dividend date is Tuesday, October 30th. This represents a $1.34 annualized dividend and a dividend yield of 3.16%. Alliant Energy’s payout ratio is currently 69.43%.
About Alliant Energy
Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the Midwest region of the United States. It operates through three segments: Electric, Gas, and Other. The company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinois, and Iowa; and generates and distributes steam in Cedar Rapids, Iowa.
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