Voya Investment Management LLC reduced its position in shares of Alliant Energy Co. (NYSE:LNT) by 8.9% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 107,637 shares of the utilities provider’s stock after selling 10,538 shares during the period. Voya Investment Management LLC’s holdings in Alliant Energy were worth $4,555,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of LNT. Aperio Group LLC increased its stake in Alliant Energy by 2.1% during the 1st quarter. Aperio Group LLC now owns 88,455 shares of the utilities provider’s stock worth $3,614,000 after buying an additional 1,823 shares in the last quarter. BlackRock Inc. increased its stake in Alliant Energy by 13.2% during the 1st quarter. BlackRock Inc. now owns 21,474,303 shares of the utilities provider’s stock worth $877,438,000 after buying an additional 2,502,658 shares in the last quarter. Federated Investors Inc. PA purchased a new stake in Alliant Energy during the 1st quarter worth approximately $200,000. Toronto Dominion Bank increased its stake in Alliant Energy by 25.2% during the 1st quarter. Toronto Dominion Bank now owns 124,705 shares of the utilities provider’s stock worth $5,094,000 after buying an additional 25,121 shares in the last quarter. Finally, Natixis Advisors L.P. purchased a new stake in Alliant Energy during the 1st quarter worth approximately $745,000. Institutional investors own 70.89% of the company’s stock.
In related news, Director Deborah B. Dunie bought 1,250 shares of the stock in a transaction dated Thursday, September 13th. The shares were acquired at an average cost of $43.80 per share, for a total transaction of $54,750.00. Following the acquisition, the director now directly owns 12,300 shares in the company, valued at approximately $538,740. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.25% of the company’s stock.
Several research analysts have recently weighed in on the company. Wells Fargo & Co boosted their target price on 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 cut Alliant Energy from a “peer perform” rating to an “underperform” rating in a report on Monday, August 13th. UBS Group boosted their target price on Alliant Energy from $43.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, August 10th. Zacks Investment Research cut Alliant Energy from a “buy” rating to a “hold” rating in a report on Friday, August 10th. Finally, Howard Weil assumed coverage on Alliant Energy in a report on Tuesday, July 24th. They set a “sector perform” rating and a $44.00 target price on the stock. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. Alliant Energy has an average rating of “Hold” and an average target price of $45.33.
Shares of Alliant Energy stock opened at $41.78 on Thursday. The company has a market cap of $9.87 billion, a PE ratio of 20.81, a P/E/G ratio of 3.60 and a beta of 0.22. 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 issued its earnings results 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 analyst estimates 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 for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.41 earnings per share. analysts expect that Alliant Energy Co. will post 2.13 earnings per share for the current fiscal year.
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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