Seeyond lifted its position in Alliant Energy Co. (NASDAQ:LNT) by 0.5% during the second quarter, HoldingsChannel.com reports. The fund owned 41,044 shares of the company’s stock after purchasing an additional 184 shares during the period. Seeyond’s holdings in Alliant Energy were worth $2,288,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Alliant Energy by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 30,077,240 shares of the company’s stock worth $1,677,107,000 after purchasing an additional 147,706 shares in the last quarter. BlackRock Inc. increased its stake in Alliant Energy by 21.6% during the 2nd quarter. BlackRock Inc. now owns 25,753,609 shares of the company’s stock worth $1,436,021,000 after purchasing an additional 4,575,097 shares in the last quarter. Janus Henderson Group PLC increased its stake in Alliant Energy by 1.6% during the 1st quarter. Janus Henderson Group PLC now owns 8,605,399 shares of the company’s stock worth $466,069,000 after purchasing an additional 131,656 shares in the last quarter. Nuveen Asset Management LLC increased its stake in Alliant Energy by 65.9% during the 1st quarter. Nuveen Asset Management LLC now owns 5,861,230 shares of the company’s stock worth $317,443,000 after purchasing an additional 2,328,791 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Alliant Energy by 6.7% during the 2nd quarter. Victory Capital Management Inc. now owns 5,491,373 shares of the company’s stock worth $306,198,000 after acquiring an additional 345,860 shares in the last quarter. Institutional investors and hedge funds own 75.93% of the company’s stock.
Several equities analysts have recently weighed in on LNT shares. Wells Fargo & Company cut shares of Alliant Energy from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $61.56 to $66.00 in a research note on Tuesday, August 17th. Scotiabank cut shares of Alliant Energy from a “sector outperform” rating to a “sector perform” rating in a research note on Tuesday, July 6th. They noted that the move was a valuation call. Guggenheim cut shares of Alliant Energy from a “buy” rating to a “neutral” rating in a research note on Tuesday, September 7th. Finally, Bank of America cut shares of Alliant Energy from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $60.89 to $58.00 in a research note on Thursday, July 8th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $60.00.
Alliant Energy (NASDAQ:LNT) last issued its earnings results on Wednesday, August 4th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. Alliant Energy had a return on equity of 10.72% and a net margin of 18.38%. The company had revenue of $817.00 million for the quarter. During the same period in the previous year, the company earned $0.54 earnings per share. As a group, sell-side analysts forecast that Alliant Energy Co. will post 2.59 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, August 16th. Stockholders of record on Friday, July 30th were given a dividend of $0.4025 per share. The ex-dividend date was Thursday, July 29th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 2.89%. Alliant Energy’s dividend payout ratio is presently 66.26%.
About Alliant Energy
Alliant Energy Corp. is a regulated investor-owned public utility holding company that engages in the provision of regulated electricity and natural gas service to natural gas customers in the Midwest through its two public utility subsidiaries. It operates its business through following segments: utility electric operations, utility gas operations; and utility other.
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