Alliant Energy Corporation (LNT) Holdings Increased by Hennessy Advisors Inc.
Hennessy Advisors Inc. raised its holdings in Alliant Energy Corporation (NYSE:LNT) by 3.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 147,508 shares of the utilities provider’s stock after buying an additional 5,500 shares during the quarter. Hennessy Advisors Inc. owned approximately 0.06% of Alliant Energy Corporation worth $6,132,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Pacad Investment Ltd. purchased a new stake in Alliant Energy Corporation in the 2nd quarter valued at about $125,000. Mosaic Family Wealth LLC grew its holdings in Alliant Energy Corporation by 0.8% in the 2nd quarter. Mosaic Family Wealth LLC now owns 3,237 shares of the utilities provider’s stock valued at $130,000 after buying an additional 25 shares during the period. Huntington National Bank grew its holdings in Alliant Energy Corporation by 229.2% in the 2nd quarter. Huntington National Bank now owns 3,292 shares of the utilities provider’s stock valued at $133,000 after buying an additional 2,292 shares during the period. Federated Investors Inc. PA grew its holdings in shares of Alliant Energy Corporation by 8.2% during the 2nd quarter. Federated Investors Inc. PA now owns 4,288 shares of the utilities provider’s stock worth $172,000 after purchasing an additional 326 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in shares of Alliant Energy Corporation by 8.2% during the 2nd quarter. Pacer Advisors Inc. now owns 4,632 shares of the utilities provider’s stock worth $186,000 after purchasing an additional 351 shares during the period. Institutional investors own 66.82% of the company’s stock.
Shares of Alliant Energy Corporation (LNT) traded down $0.42 during trading hours on Friday, hitting $43.68. The stock had a trading volume of 1,485,482 shares, compared to its average volume of 1,257,333. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 1.02. Alliant Energy Corporation has a 1-year low of $34.88 and a 1-year high of $44.39. The stock has a market cap of $10,196.11, a PE ratio of 23.58, a P/E/G ratio of 3.69 and a beta of 0.46.
Alliant Energy Corporation (NYSE:LNT) last released its quarterly earnings results 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 company had revenue of $907.00 million for the quarter, compared to analyst estimates of $1.23 billion. Alliant Energy Corporation had a return on equity of 11.02% and a net margin of 13.13%. The business’s revenue was down 1.9% on a year-over-year basis. During the same period last year, the firm posted $0.80 earnings per share. research 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. Investors of record on Tuesday, October 31st will be given a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a yield of 2.88%. The ex-dividend date is Monday, October 30th. Alliant Energy Corporation’s dividend payout ratio (DPR) is presently 67.74%.
In related news, insider Wayne A. Reschke sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $42.83, for a total transaction of $85,660.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.33% of the company’s stock.
LNT has been the subject of a number of research reports. BidaskClub upgraded Alliant Energy Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Jefferies Group LLC reiterated a “hold” rating and set a $43.00 target price (up previously from $42.00) on shares of Alliant Energy Corporation in a report on Wednesday, August 9th. Bank of America Corporation initiated coverage on Alliant Energy Corporation in a report on Tuesday, October 24th. They set a “neutral” rating and a $45.00 target price for the company. Finally, Zacks Investment Research cut Alliant Energy Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $42.00.
Alliant Energy Corporation 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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