Advisor Group Inc. raised its stake in shares of Alliant Energy Co. (NYSE:LNT) by 24.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,875 shares of the utilities provider’s stock after buying an additional 5,342 shares during the period. Advisor Group Inc.’s holdings in Alliant Energy were worth $1,146,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of LNT. Field & Main Bank acquired a new stake in shares of Alliant Energy in the fourth quarter valued at about $169,000. Independent Advisor Alliance acquired a new stake in shares of Alliant Energy in the third quarter valued at about $211,000. Linscomb & Williams Inc. acquired a new stake in shares of Alliant Energy in the fourth quarter valued at about $213,000. Security National Bank acquired a new stake in shares of Alliant Energy in the fourth quarter valued at about $213,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Alliant Energy in the third quarter valued at about $216,000. Institutional investors own 69.89% of the company’s stock.
Shares of Alliant Energy Co. (NYSE:LNT) opened at $39.83 on Friday. Alliant Energy Co. has a 1 year low of $36.84 and a 1 year high of $45.55. The firm has a market capitalization of $9,180.22, a PE ratio of 20.02, a P/E/G ratio of 3.55 and a beta of 0.37. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.32 and a current ratio of 0.42.
Alliant Energy (NYSE:LNT) last released its earnings results on Thursday, February 22nd. The utilities provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). Alliant Energy had a return on equity of 11.11% and a net margin of 13.82%. The firm had revenue of $856.10 million for the quarter, compared to analyst estimates of $896.94 million. During the same period last year, the business earned $0.28 earnings per share. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. analysts anticipate that Alliant Energy Co. will post 2.11 EPS for the current year.
Alliant Energy announced that its board has authorized a share repurchase program on Monday, January 15th that permits the company to buyback outstanding shares. This buyback authorization permits the utilities provider to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
Several equities research analysts have recently issued reports on LNT shares. Guggenheim reaffirmed a “hold” rating and issued a $43.00 price target on shares of Alliant Energy in a research report on Wednesday, January 3rd. Wells Fargo downgraded Alliant Energy from an “outperform” rating to a “market perform” rating in a research report on Monday, December 18th. Zacks Investment Research raised Alliant Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 28th. Finally, UBS assumed coverage on Alliant Energy in a research report on Friday, February 2nd. They set a “neutral” rating and a $40.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $42.83.
In related news, SVP James H. Gallegos sold 5,000 shares of Alliant Energy stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $39.80, for a total transaction of $199,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.33% of the stock is owned by company insiders.
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Alliant Energy 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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