Segall Bryant & Hamill LLC Invests $282,000 in Alliant Energy Corporation (LNT) Stock
Segall Bryant & Hamill LLC purchased a new position in Alliant Energy Corporation (NYSE:LNT) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 6,792 shares of the utilities provider’s stock, valued at approximately $282,000.
A number of other institutional investors have also modified their holdings of LNT. Pacad Investment Ltd. purchased a new position in Alliant Energy in the 2nd quarter worth about $125,000. Mosaic Family Wealth LLC increased its stake in Alliant Energy 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 in the last quarter. Federated Investors Inc. PA grew its stake in Alliant Energy by 8.2% during the 2nd quarter. Federated Investors Inc. PA now owns 4,288 shares of the utilities provider’s stock valued at $172,000 after acquiring an additional 326 shares in the last quarter. Pacer Advisors Inc. grew its stake in Alliant Energy by 8.2% during the 2nd quarter. Pacer Advisors Inc. now owns 4,632 shares of the utilities provider’s stock valued at $186,000 after acquiring an additional 351 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Alliant Energy during the 3rd quarter valued at about $187,000. Hedge funds and other institutional investors own 68.57% of the company’s stock.
Several research firms have weighed in on LNT. Zacks Investment Research cut Alliant Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. Bank of America began coverage on Alliant Energy in a research note on Tuesday, October 24th. They set a “neutral” rating and a $45.00 target price on the stock. Finally, BidaskClub raised Alliant Energy from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $42.00.
Alliant Energy (NYSE:LNT) last released its earnings results on Thursday, November 2nd. The utilities provider reported $0.75 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by ($0.13). The business had revenue of $907.00 million for the quarter, compared to analysts’ expectations of $1.23 billion. Alliant Energy had a net margin of 13.13% and a return on equity of 11.02%. The company’s revenue was down 1.9% compared to the same quarter last year. During the same period last year, the firm earned $0.80 EPS. sell-side analysts forecast that Alliant Energy Corporation will post 1.96 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st were issued a dividend of $0.315 per share. The ex-dividend date of this dividend was Monday, October 30th. This represents a $1.26 annualized dividend and a dividend yield of 2.86%. Alliant Energy’s dividend payout ratio is 67.74%.
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Alliant Energy 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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