Toronto Dominion Bank Has $3.64 Million Position in Alliant Energy Corporation (LNT)
Toronto Dominion Bank raised its stake in shares of Alliant Energy Corporation (NYSE:LNT) by 13.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 87,511 shares of the utilities provider’s stock after purchasing an additional 10,335 shares during the period. Toronto Dominion Bank’s holdings in Alliant Energy Corporation were worth $3,637,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the stock. Mosaic Family Wealth LLC raised its position in Alliant Energy Corporation 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 purchasing an additional 25 shares during the last quarter. Veritable L.P. raised its position in shares of Alliant Energy Corporation by 0.3% in the 2nd quarter. Veritable L.P. now owns 8,033 shares of the utilities provider’s stock worth $323,000 after acquiring an additional 28 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Alliant Energy Corporation by 0.4% in the 2nd quarter. CIBC Asset Management Inc now owns 21,990 shares of the utilities provider’s stock worth $883,000 after acquiring an additional 80 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of Alliant Energy Corporation by 0.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 14,100 shares of the utilities provider’s stock worth $566,000 after acquiring an additional 100 shares in the last quarter. Finally, FineMark National Bank & Trust raised its position in shares of Alliant Energy Corporation by 2.2% in the 2nd quarter. FineMark National Bank & Trust now owns 7,715 shares of the utilities provider’s stock worth $310,000 after acquiring an additional 165 shares in the last quarter. 68.20% of the stock is owned by institutional investors and hedge funds.
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 value of $85,660.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.33% of the company’s stock.
Alliant Energy Corporation (NYSE LNT) opened at $44.26 on Tuesday. Alliant Energy Corporation has a 12-month low of $35.26 and a 12-month high of $45.55. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.51 and a quick ratio of 0.36. The firm has a market capitalization of $10,230.00, a PE ratio of 23.74, a PEG ratio of 3.72 and a beta of 0.47.
Alliant Energy Corporation (NYSE:LNT) last issued its earnings results on Thursday, November 2nd. The utilities provider reported $0.75 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by ($0.13). The firm had revenue of $907.00 million during the quarter, compared to analyst estimates of $1.23 billion. Alliant Energy Corporation had a net margin of 13.13% and a return on equity of 11.02%. The business’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.80 earnings per share. research analysts predict that Alliant Energy Corporation will post 1.94 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st were paid a $0.315 dividend. The ex-dividend date was Monday, October 30th. This represents a $1.26 annualized dividend and a dividend yield of 2.85%. Alliant Energy Corporation’s dividend payout ratio is presently 68.11%.
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Several research analysts have recently weighed in on the company. Jefferies Group LLC reissued a “hold” rating and issued a $43.00 price objective (up from $42.00) on shares of Alliant Energy Corporation in a research report on Wednesday, August 9th. Bank of America Corporation assumed coverage on Alliant Energy Corporation in a research report on Tuesday, October 24th. They issued a “neutral” rating and a $45.00 price objective for the company. Zacks Investment Research lowered Alliant Energy Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. Finally, BidaskClub raised Alliant Energy Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus 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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