Karp Capital Management Corp Acquires Shares of 60,708 Alliant Energy Co. (LNT)

Karp Capital Management Corp Acquires Shares of 60,708 Alliant Energy Co. (LNT)

A number of other hedge funds also recently bought and sold shares of LNT. Mosaic Family Wealth LLC boosted its stake in Alliant Energy by 0.7% in the third quarter. Mosaic Family Wealth LLC now owns 3,159 shares of the utilities provider’s stock valued at $121,000 after buying an additional 23 shares in the last quarter. Lincoln National Corp boosted its stake in Alliant Energy by 0.7% in the first quarter. Lincoln National Corp now owns 6,636 shares of the utilities provider’s stock valued at $263,000 after buying an additional 47 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Alliant Energy by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,041 shares of the utilities provider’s stock valued at $494,000 after buying an additional 57 shares in the last quarter. IFP Advisors Inc boosted its stake in Alliant Energy by 0.5% in the first quarter. IFP Advisors Inc now owns 17,508 shares of the utilities provider’s stock valued at $693,000 after buying an additional 95 shares in the last quarter. Finally, Advantus Capital Management Inc boosted its stake in Alliant Energy by 0.6% in the third quarter. Advantus Capital Management Inc now owns 22,227 shares of the utilities provider’s stock valued at $852,000 after buying an additional 127 shares in the last quarter. 67.06% of the stock is currently owned by hedge funds and other institutional investors.

Karp Capital Management Corp purchased a new stake in shares of Alliant Energy Co. (NYSE:LNT) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 60,708 shares of the utilities provider’s stock, valued at approximately $2,405,000.

Shares of Alliant Energy Co. (NYSE LNT) remained flat at $41.47 during mid-day trading on Wednesday. The company’s stock had a trading volume of 2,185,996 shares. The stock has a 50 day moving average price of $39.94 and a 200 day moving average price of $38.43. Alliant Energy Co. has a one year low of $34.88 and a one year high of $41.71. The company has a market capitalization of $9.45 billion, a P/E ratio of 25.10 and a beta of 0.40.

Alliant Energy (NYSE:LNT) last posted its quarterly earnings results on Wednesday, May 3rd. The utilities provider reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by $0.01. Alliant Energy had a return on equity of 10.84% and a net margin of 10.82%. The business had revenue of $853.90 million for the quarter. On average, equities research analysts expect that Alliant Energy Co. will post $2.00 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Friday, April 28th were paid a dividend of $0.315 per share. The ex-dividend date was Wednesday, April 26th. This represents a $1.26 dividend on an annualized basis and a yield of 3.04%. Alliant Energy’s dividend payout ratio is currently 83.17%.

Several analysts recently issued reports on the stock. Jefferies Group LLC assumed coverage on shares of Alliant Energy in a report on Friday, May 26th. They issued a “hold” rating and a $42.00 price target on the stock. Zacks Investment Research raised shares of Alliant Energy from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Friday, May 19th. Finally, Barclays PLC reaffirmed a “hold” rating on shares of Alliant Energy in a report on Wednesday, March 1st. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Alliant Energy currently has a consensus rating of “Hold” and an average target price of $41.20.

In other Alliant Energy news, SVP James H. Gallegos sold 5,000 shares of Alliant Energy stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $41.25, for a total transaction of $206,250.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Deborah B. Dunie purchased 3,700 shares of the firm’s stock in a transaction on Friday, May 19th. The shares were acquired at an average price of $39.61 per share, for a total transaction of $146,557.00. Following the purchase, the director now directly owns 11,050 shares of the company’s stock, valued at $437,690.50. The disclosure for this purchase can be found here. 0.34% of the stock is owned by insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LNT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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