Alliant Energy Corp. (LNT) Shares Bought by Robeco Institutional Asset Management B.V.
Robeco Institutional Asset Management B.V. boosted its position in Alliant Energy Corp. (NYSE:LNT) by 0.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 534,765 shares of the company’s stock after buying an additional 877 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.24% of Alliant Energy Corp. worth $20,489,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Alliant Energy Corp. by 131.6% in the second quarter. Vanguard Group Inc. now owns 19,999,012 shares of the company’s stock worth $793,961,000 after buying an additional 11,363,093 shares during the last quarter. State Street Corp increased its stake in Alliant Energy Corp. by 188.5% in the second quarter. State Street Corp now owns 12,303,684 shares of the company’s stock worth $488,459,000 after buying an additional 8,038,387 shares during the last quarter. BlackRock Fund Advisors increased its stake in Alliant Energy Corp. by 48.2% in the second quarter. BlackRock Fund Advisors now owns 9,789,467 shares of the company’s stock worth $388,642,000 after buying an additional 3,185,334 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Alliant Energy Corp. by 82.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 6,245,424 shares of the company’s stock worth $247,943,000 after buying an additional 2,823,929 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in Alliant Energy Corp. by 100.0% in the second quarter. Franklin Resources Inc. now owns 3,883,160 shares of the company’s stock worth $154,161,000 after buying an additional 1,941,760 shares during the last quarter. Institutional investors and hedge funds own 66.06% of the company’s stock.
Alliant Energy Corp. (NYSE:LNT) traded up 0.94% during trading on Tuesday, reaching $37.44. 307,437 shares of the company’s stock were exchanged. The company’s 50-day moving average is $36.78 and its 200-day moving average is $38.22. The company has a market capitalization of $8.52 billion, a PE ratio of 24.78 and a beta of 0.39. Alliant Energy Corp. has a 1-year low of $29.07 and a 1-year high of $40.99.
Alliant Energy Corp. (NYSE:LNT) last issued its earnings results on Thursday, November 3rd. The company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by $0.11. The company had revenue of $924.60 million for the quarter, compared to analyst estimates of $1.45 billion. Alliant Energy Corp. had a net margin of 10.82% and a return on equity of 10.84%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the business earned $1.63 EPS. Equities research analysts expect that Alliant Energy Corp. will post $1.89 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Monday, October 31st were paid a dividend of $0.2938 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date was Thursday, October 27th. Alliant Energy Corp.’s dividend payout ratio (DPR) is currently 77.23%.
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Several analysts recently issued reports on LNT shares. Argus increased their price target on Alliant Energy Corp. from $40.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, August 25th. Guggenheim started coverage on Alliant Energy Corp. in a report on Thursday, November 3rd. They issued a “neutral” rating for the company. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $38.75.
In related news, Director Deborah B. Dunie bought 1,350 shares of the firm’s stock in a transaction on Monday, November 7th. The stock was bought at an average price of $37.24 per share, with a total value of $50,274.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.34% of the company’s stock.
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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