SG Americas Securities LLC lifted its position in shares of Alliant Energy Corporation (NYSE:LNT) by 17.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,656 shares of the utilities provider’s stock after purchasing an additional 10,218 shares during the period. SG Americas Securities LLC’s holdings in Alliant Energy were worth $2,854,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Commonwealth Equity Services Inc grew its stake in Alliant Energy by 5.4% in the 3rd quarter. Commonwealth Equity Services Inc now owns 71,615 shares of the utilities provider’s stock valued at $2,977,000 after buying an additional 3,637 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in Alliant Energy by 3.1% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 45,460 shares of the utilities provider’s stock valued at $1,890,000 after purchasing an additional 1,346 shares during the period. Stratos Wealth Partners LTD. bought a new stake in Alliant Energy in the 3rd quarter valued at about $619,000. Comerica Bank boosted its holdings in Alliant Energy by 5.3% in the 3rd quarter. Comerica Bank now owns 72,805 shares of the utilities provider’s stock valued at $3,144,000 after purchasing an additional 3,635 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Alliant Energy by 2.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,733,995 shares of the utilities provider’s stock worth $113,651,000 after acquiring an additional 70,174 shares during the period. Institutional investors own 68.43% of the company’s stock.
Shares of Alliant Energy Corporation (NYSE LNT) traded up $0.10 during midday trading on Thursday, reaching $44.64. 1,081,231 shares of the company’s stock traded hands, compared to its average volume of 1,222,170. Alliant Energy Corporation has a 1 year low of $35.93 and a 1 year high of $45.55. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.36 and a current ratio of 0.51. The firm has a market cap of $10,251.60, a PE ratio of 23.71, a P/E/G ratio of 3.55 and a beta of 0.47.
Alliant Energy (NYSE:LNT) last posted its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.75 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by ($0.13). The firm had revenue of $907.00 million for the quarter, compared to analyst estimates of $1.23 billion. Alliant Energy had a return on equity of 11.02% and a net margin of 13.13%. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.80 earnings per share. analysts expect that Alliant Energy Corporation will post 1.96 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were issued a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date was Monday, October 30th. Alliant Energy’s payout ratio is 67.74%.
A number of analysts have recently weighed in on the stock. Jefferies Group reaffirmed a “hold” rating and set a $43.00 price target (up previously from $42.00) on shares of Alliant Energy in a report on Wednesday, August 9th. BidaskClub raised shares of Alliant Energy from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Zacks Investment Research downgraded shares of Alliant Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. Finally, Bank of America initiated coverage on shares of Alliant Energy in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $45.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $42.00.
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Alliant Energy 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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