Virginia Retirement Systems ET AL continued to hold its position in Alliant Energy Corp. (NYSE:LNT) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 162,000 shares of the company’s stock at the end of the third quarter. Virginia Retirement Systems ET AL’s holdings in Alliant Energy Corp. were worth $6,206,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC purchased a new position in Alliant Energy Corp. during the second quarter valued at about $344,000. Robeco Institutional Asset Management B.V. increased its position in Alliant Energy Corp. by 135.6% in the second quarter. Robeco Institutional Asset Management B.V. now owns 533,888 shares of the company’s stock valued at $21,194,000 after buying an additional 307,291 shares during the last quarter. Daiwa Securities Group Inc. increased its position in Alliant Energy Corp. by 600.0% in the second quarter. Daiwa Securities Group Inc. now owns 35,000 shares of the company’s stock valued at $1,389,000 after buying an additional 30,000 shares during the last quarter. MSI Financial Services Inc increased its position in Alliant Energy Corp. by 316.6% in the second quarter. MSI Financial Services Inc now owns 13,144 shares of the company’s stock valued at $522,000 after buying an additional 9,989 shares during the last quarter. Finally, Bank of Montreal Can purchased a new position in Alliant Energy Corp. during the second quarter valued at about $3,294,000. 65.92% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Alliant Energy Corp. (NYSE:LNT) opened at 37.36 on Friday. The stock has a market capitalization of $8.50 billion, a price-to-earnings ratio of 24.73 and a beta of 0.36. Alliant Energy Corp. has a 12-month low of $30.38 and a 12-month high of $40.99. The firm has a 50-day moving average of $37.23 and a 200 day moving average of $38.09.
Alliant Energy Corp. (NYSE:LNT) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.80 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by $0.11. The firm had revenue of $924.60 million for the quarter, compared to analysts’ expectations of $1.45 billion. Alliant Energy Corp. had a return on equity of 10.84% and a net margin of 10.82%. Alliant Energy Corp.’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period last year, the firm posted $1.63 earnings per share. Equities analysts forecast that Alliant Energy Corp. will post $1.88 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Tuesday, January 31st will be given a dividend of $0.315 per share. This is a boost from Alliant Energy Corp.’s previous quarterly dividend of $0.29. This represents a $1.26 annualized dividend and a dividend yield of 3.37%. The ex-dividend date is Friday, January 27th. Alliant Energy Corp.’s payout ratio is 77.23%.
Separately, Guggenheim initiated coverage on Alliant Energy Corp. in a research report on Thursday, November 3rd. They issued a “neutral” rating on the stock. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Alliant Energy Corp. presently has an average rating of “Buy” and a consensus target price of $38.75.
In other news, Director Deborah B. Dunie acquired 1,350 shares of the firm’s stock in a transaction dated Monday, November 7th. The stock was acquired at an average cost of $37.24 per share, with a total value of $50,274.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.34% of the stock is currently owned by insiders.
About Alliant Energy Corp.
Alliant Energy Corporation (Alliant Energy) is a regulated investor-owned public utility holding company. The Company provides regulated electric and natural gas services in Iowa and Wisconsin. The Company’s business segments are 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).
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