Verition Fund Management LLC bought a new position in Alliant Energy Co. (NYSE:LNT) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 104,063 shares of the utilities provider’s stock, valued at approximately $4,252,000.
Several other institutional investors have also recently added to or reduced their stakes in the company. WINTON GROUP Ltd lifted its holdings in shares of Alliant Energy by 18.9% in the 4th quarter. WINTON GROUP Ltd now owns 8,559 shares of the utilities provider’s stock worth $365,000 after acquiring an additional 1,361 shares during the last quarter. SVA Plumb Wealth Management LLC lifted its holdings in shares of Alliant Energy by 15.0% in the 1st quarter. SVA Plumb Wealth Management LLC now owns 10,699 shares of the utilities provider’s stock worth $445,000 after acquiring an additional 1,397 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its holdings in shares of Alliant Energy by 3.5% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 46,628 shares of the utilities provider’s stock worth $1,987,000 after acquiring an additional 1,581 shares during the last quarter. Global X Management Co. LLC lifted its holdings in shares of Alliant Energy by 12.0% in the 4th quarter. Global X Management Co. LLC now owns 15,132 shares of the utilities provider’s stock worth $645,000 after acquiring an additional 1,618 shares during the last quarter. Finally, GWM Advisors LLC lifted its holdings in Alliant Energy by 4.3% during the 4th quarter. GWM Advisors LLC now owns 43,878 shares of the utilities provider’s stock valued at $1,823,000 after buying an additional 1,796 shares in the last quarter. Hedge funds and other institutional investors own 72.61% of the company’s stock.
Shares of LNT opened at $39.24 on Thursday. Alliant Energy Co. has a 1-year low of $36.84 and a 1-year high of $45.55. The stock has a market cap of $8.88 billion, a P/E ratio of 20.30, a P/E/G ratio of 3.25 and a beta of 0.31. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.35 and a quick ratio of 0.25.
Alliant Energy (NYSE:LNT) last announced its quarterly earnings data on Wednesday, May 2nd. The utilities provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. Alliant Energy had a net margin of 14.17% and a return on equity of 11.41%. The company had revenue of $916.30 million during the quarter, compared to analyst estimates of $879.69 million. During the same quarter last year, the business posted $0.44 EPS. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. research analysts forecast that Alliant Energy Co. will post 2.12 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 15th. Investors of record on Monday, April 30th were issued a dividend of $0.335 per share. The ex-dividend date was Friday, April 27th. This represents a $1.34 dividend on an annualized basis and a yield of 3.41%. Alliant Energy’s payout ratio is 69.43%.
A number of equities research analysts recently weighed in on the stock. ValuEngine lowered shares of Alliant Energy from a “buy” rating to a “hold” rating in a report on Tuesday, May 8th. Zacks Investment Research upgraded shares of Alliant Energy from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a report on Monday, May 28th. Finally, Wells Fargo & Co reiterated a “market perform” rating and set a $43.00 price objective (down previously from $47.00) on shares of Alliant Energy in a report on Monday, February 26th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $43.33.
Alliant Energy Company Profile
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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