British Columbia Investment Management Corp Acquires 9,314 Shares of Alliant Energy Corp. (LNT)
British Columbia Investment Management Corp raised its stake in Alliant Energy Corp. (NYSE:LNT) by 5.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 196,462 shares of the company’s stock after buying an additional 9,314 shares during the period. British Columbia Investment Management Corp owned approximately 0.09% of Alliant Energy Corp. worth $7,526,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. A.R.T. Advisors LLC acquired a new stake in shares of Alliant Energy Corp. during the first quarter valued at $908,000. Arizona State Retirement System boosted its position in Alliant Energy Corp. by 0.3% in the first quarter. Arizona State Retirement System now owns 66,000 shares of the company’s stock valued at $4,902,000 after buying an additional 200 shares during the period. Royal Bank of Canada boosted its position in Alliant Energy Corp. by 12.5% in the first quarter. Royal Bank of Canada now owns 165,002 shares of the company’s stock valued at $12,256,000 after buying an additional 18,270 shares during the period. BNP Paribas Arbitrage SA boosted its position in Alliant Energy Corp. by 224.7% in the second quarter. BNP Paribas Arbitrage SA now owns 35,557 shares of the company’s stock valued at $1,412,000 after buying an additional 24,606 shares during the period. Finally, Iowa State Bank boosted its position in Alliant Energy Corp. by 100.0% in the second quarter. Iowa State Bank now owns 13,684 shares of the company’s stock valued at $543,000 after buying an additional 6,842 shares during the period. 66.06% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Alliant Energy Corp. (NYSE:LNT) traded down 3.22% on Wednesday, hitting $36.05. 565,080 shares of the stock traded hands. The firm’s 50-day moving average is $36.78 and its 200 day moving average is $38.22. Alliant Energy Corp. has a 12-month low of $29.07 and a 12-month high of $40.99. The firm has a market cap of $8.20 billion, a P/E ratio of 23.86 and a beta of 0.39.
Alliant Energy Corp. (NYSE:LNT) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by $0.11. The firm had revenue of $924.60 million for the quarter, compared to the consensus estimate of $1.45 billion. Alliant Energy Corp. had a return on equity of 10.84% and a net margin of 10.82%. The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.63 EPS. Equities research analysts forecast that Alliant Energy Corp. will post $1.89 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Monday, October 31st were given a dividend of $0.2938 per share. The ex-dividend date was Thursday, October 27th. This represents a $1.18 dividend on an annualized basis and a yield of 3.15%. Alliant Energy Corp.’s dividend payout ratio is currently 77.23%.
LNT has been the subject of several analyst reports. Guggenheim initiated coverage on shares of Alliant Energy Corp. in a report on Thursday, November 3rd. They set a “neutral” rating for the company. Argus boosted their price target on shares of Alliant Energy Corp. from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, August 25th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $38.75.
In related news, Director Deborah B. Dunie purchased 1,350 shares of Alliant Energy Corp. stock in a transaction on Monday, November 7th. The shares were purchased at an average price of $37.24 per share, for a total transaction of $50,274.00. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate 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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