14,882 Shares in Alliant Energy Co. (LNT) Acquired by Stratos Wealth Partners LTD.
Stratos Wealth Partners LTD. bought a new position in shares of Alliant Energy Co. (NYSE:LNT) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 14,882 shares of the utilities provider’s stock, valued at approximately $619,000.
Several other institutional investors also recently bought and sold shares of LNT. Pacad Investment Ltd. bought a new position in shares of Alliant Energy during the 2nd quarter worth approximately $125,000. Mosaic Family Wealth LLC lifted its position in shares of Alliant Energy by 0.8% during the 2nd 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 raised its position in Alliant Energy 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 purchasing an additional 2,292 shares during the last quarter. Federated Investors Inc. PA raised its position in Alliant Energy by 8.2% in the 2nd quarter. Federated Investors Inc. PA now owns 4,288 shares of the utilities provider’s stock valued at $172,000 after purchasing an additional 326 shares during the last quarter. Finally, Pacer Advisors Inc. raised its position in Alliant Energy by 8.2% in the 2nd quarter. Pacer Advisors Inc. now owns 4,632 shares of the utilities provider’s stock valued at $186,000 after purchasing an additional 351 shares during the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.
Several equities analysts have issued reports on LNT shares. BidaskClub upgraded Alliant Energy from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Jefferies Group LLC reiterated a “hold” rating and issued a $43.00 price objective (up previously from $42.00) on shares of Alliant Energy in a research report on Wednesday, August 9th. Bank of America Corporation started coverage on Alliant Energy in a research report on Tuesday, October 24th. They issued a “neutral” rating and a $45.00 price objective for the company. Finally, Zacks Investment Research downgraded Alliant Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Alliant Energy currently has a consensus rating of “Hold” and an average price target of $42.00.
In related news, insider Wayne A. Reschke sold 2,000 shares of Alliant Energy stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $42.83, for a total transaction of $85,660.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.33% of the stock is owned by insiders.
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Shares of Alliant Energy Co. (LNT) traded down $0.23 during trading on Friday, hitting $44.40. The company had a trading volume of 3,549,001 shares, compared to its average volume of 1,224,535. The company has a current ratio of 0.51, a quick ratio of 0.36 and a debt-to-equity ratio of 1.02. Alliant Energy Co. has a twelve month low of $35.26 and a twelve month high of $45.55. The firm has a market capitalization of $10,310.00, a PE ratio of 24.16, a PEG ratio of 3.78 and a beta of 0.47.
Alliant Energy (NYSE:LNT) last announced its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.13). Alliant Energy had a return on equity of 16.50% and a net margin of 18.90%. The company had revenue of $907.00 million for the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the firm earned $0.80 earnings per share. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. research analysts predict that Alliant Energy Co. will post 1.94 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were paid a dividend of $0.315 per share. The ex-dividend date was Monday, October 30th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.84%. Alliant Energy’s dividend payout ratio (DPR) is presently 68.11%.
About Alliant Energy
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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