Korea Investment CORP lowered its stake in Alliant Energy Corporation (NYSE:LNT) by 13.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 65,100 shares of the utilities provider’s stock after selling 9,700 shares during the period. Korea Investment CORP’s holdings in Alliant Energy Corporation were worth $2,706,000 as of its most recent filing with the SEC.
Several other large investors have also made changes to their positions in LNT. Pacad Investment Ltd. acquired a new stake in shares of Alliant Energy Corporation during the second quarter worth $125,000. Mosaic Family Wealth LLC increased its position in shares of Alliant Energy Corporation by 0.8% during the second quarter. Mosaic Family Wealth LLC now owns 3,237 shares of the utilities provider’s stock worth $130,000 after buying an additional 25 shares during the period. Huntington National Bank increased its position in shares of Alliant Energy Corporation by 229.2% during the second quarter. Huntington National Bank now owns 3,292 shares of the utilities provider’s stock worth $133,000 after buying an additional 2,292 shares during the period. Federated Investors Inc. PA increased its position in shares of Alliant Energy Corporation by 8.2% during the second quarter. Federated Investors Inc. PA now owns 4,288 shares of the utilities provider’s stock worth $172,000 after buying an additional 326 shares during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Alliant Energy Corporation during the third quarter worth $187,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.
In other Alliant Energy Corporation news, insider Wayne A. Reschke sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $42.83, for a total value of $85,660.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.33% of the stock is owned by insiders.
LNT has been the subject of a number of research reports. Zacks Investment Research cut shares of Alliant Energy Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Bank of America Corporation assumed coverage on shares of Alliant Energy Corporation in a report on Tuesday, October 24th. They set a “neutral” rating and a $45.00 price objective for the company. BidaskClub upgraded shares of Alliant Energy Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $43.00 price target (up from $42.00) on shares of Alliant Energy Corporation in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $42.00.
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Shares of Alliant Energy Corporation (NYSE:LNT) opened at $45.18 on Wednesday. Alliant Energy Corporation has a 12-month low of $35.26 and a 12-month high of $45.23. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.51 and a quick ratio of 0.36. The stock has a market cap of $10,242.36, a P/E ratio of 23.69, a PEG ratio of 3.71 and a beta of 0.46.
Alliant Energy Corporation (NYSE:LNT) last issued its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.75 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.13). The firm had revenue of $907.00 million for the quarter, compared to analysts’ expectations of $1.23 billion. Alliant Energy Corporation had a net margin of 13.13% and a return on equity of 11.02%. Alliant Energy Corporation’s revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.80 EPS. sell-side analysts expect that Alliant Energy Corporation will post 1.94 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be paid a $0.315 dividend. The ex-dividend date is Monday, October 30th. This represents a $1.26 dividend on an annualized basis and a yield of 2.79%. Alliant Energy Corporation’s dividend payout ratio is presently 67.74%.
Alliant Energy Corporation 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.
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