O Shares Investment Advisers LLC lifted its position in shares of Alliant Energy Co. (NYSE:LNT) by 6.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,476 shares of the utilities provider’s stock after purchasing an additional 612 shares during the quarter. O Shares Investment Advisers LLC’s holdings in Alliant Energy were worth $514,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LNT. Tiedemann Advisors LLC boosted its holdings in Alliant Energy by 0.3% in the second quarter. Tiedemann Advisors LLC now owns 92,877 shares of the utilities provider’s stock worth $4,558,000 after acquiring an additional 315 shares in the last quarter. BlackRock Inc. boosted its holdings in Alliant Energy by 4.7% in the second quarter. BlackRock Inc. now owns 21,905,315 shares of the utilities provider’s stock worth $1,075,113,000 after acquiring an additional 991,604 shares in the last quarter. InterOcean Capital LLC bought a new stake in Alliant Energy in the second quarter worth $493,000. US Bancorp DE boosted its holdings in Alliant Energy by 1.8% in the second quarter. US Bancorp DE now owns 179,771 shares of the utilities provider’s stock worth $8,823,000 after acquiring an additional 3,207 shares in the last quarter. Finally, United Capital Financial Advisers LLC boosted its holdings in Alliant Energy by 6.1% in the second quarter. United Capital Financial Advisers LLC now owns 9,032 shares of the utilities provider’s stock worth $443,000 after acquiring an additional 521 shares in the last quarter. Institutional investors own 71.12% of the company’s stock.
Shares of LNT stock traded up $0.29 during mid-day trading on Monday, hitting $51.94. The company’s stock had a trading volume of 265,452 shares, compared to its average volume of 1,324,541. Alliant Energy Co. has a 52-week low of $40.68 and a 52-week high of $53.87. The business has a 50-day moving average price of $51.38 and a 200 day moving average price of $48.72. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.59 and a current ratio of 0.73. The stock has a market cap of $12.27 billion, a price-to-earnings ratio of 26.91, a PEG ratio of 3.28 and a beta of 0.18.
Alliant Energy (NYSE:LNT) last posted its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.04). Alliant Energy had a return on equity of 11.69% and a net margin of 15.09%. The business had revenue of $790.20 million during the quarter, compared to analysts’ expectations of $828.79 million. During the same quarter in the prior year, the firm earned $0.43 EPS. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. Equities research analysts predict that Alliant Energy Co. will post 2.15 EPS for the current fiscal year.
Several research firms have commented on LNT. UBS Group boosted their target price on Alliant Energy from $49.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Bank of America raised Alliant Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $50.00 to $54.00 in a report on Wednesday, June 26th. Finally, Argus reissued a “buy” rating and issued a $52.00 target price on shares of Alliant Energy in a report on Wednesday, June 5th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $50.36.
In related news, SVP Leon David A. De purchased 941 shares of Alliant Energy stock in a transaction on Tuesday, September 3rd. The stock was acquired at an average price of $53.15 per share, for a total transaction of $50,014.15. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP James H. Gallegos sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $52.29, for a total value of $261,450.00. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by corporate insiders.
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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