Keybank National Association OH Invests $213,000 in Alliant Energy Corporation (LNT)
Keybank National Association OH purchased a new position in Alliant Energy Corporation (NYSE:LNT) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,127 shares of the utilities provider’s stock, valued at approximately $213,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Pacad Investment Ltd. purchased a new position in shares of Alliant Energy Corporation in the 2nd quarter worth $125,000. Mosaic Family Wealth LLC raised 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 worth $130,000 after purchasing an additional 25 shares during the period. Huntington National Bank raised 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 worth $133,000 after purchasing an additional 2,292 shares during the period. Federated Investors Inc. PA raised its holdings in Alliant Energy Corporation by 8.2% in 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, Kohmann Bosshard Financial Services LLC bought a new position in Alliant Energy Corporation in the 3rd quarter worth $187,000. Hedge funds and other institutional investors own 68.20% of the company’s stock.
Shares of Alliant Energy Corporation (NYSE LNT) opened at $44.40 on Monday. The company has a current ratio of 0.51, a quick ratio of 0.36 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $10,265.48, a PE ratio of 23.74, a price-to-earnings-growth ratio of 3.72 and a beta of 0.46. Alliant Energy Corporation has a twelve month low of $35.26 and a twelve month high of $45.55.
Alliant Energy Corporation (NYSE:LNT) last posted its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.75 EPS for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($0.13). The business had revenue of $907.00 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the business earned $0.80 earnings per share. equities research analysts predict that Alliant Energy Corporation will post 1.94 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st were given a dividend of $0.315 per share. The ex-dividend date of this dividend was Monday, October 30th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.84%. Alliant Energy Corporation’s payout ratio is 67.74%.
In other news, insider Wayne A. Reschke sold 2,000 shares of the firm’s stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.33% of the company’s stock.
A number of equities analysts recently commented on LNT shares. BidaskClub raised Alliant Energy Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research cut Alliant Energy Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Bank of America Corporation started coverage on Alliant Energy Corporation in a report on Tuesday, October 24th. They issued a “neutral” rating and a $45.00 target price on the stock. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $43.00 target price (up from $42.00) on shares of Alliant Energy Corporation in a report on Wednesday, August 9th. One investment 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 stock presently has an average rating of “Hold” and a consensus target price of $42.00.
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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