Comerica Bank reduced its stake in Alliant Energy Co. (NYSE:LNT) by 1.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 124,323 shares of the utilities provider’s stock after selling 2,208 shares during the period. Comerica Bank owned 0.05% of Alliant Energy worth $4,938,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of LNT. Mosaic Family Wealth LLC boosted its position in shares of Alliant Energy by 0.7% in the third quarter. Mosaic Family Wealth LLC now owns 3,159 shares of the utilities provider’s stock valued at $121,000 after buying an additional 23 shares in the last quarter. Kernodle & Katon Asset Management Group LLC boosted its position in shares of Alliant Energy by 3.6% in the third quarter. Kernodle & Katon Asset Management Group LLC now owns 3,469 shares of the utilities provider’s stock valued at $133,000 after buying an additional 121 shares in the last quarter. Federated Investors Inc. PA acquired a new position in shares of Alliant Energy during the fourth quarter valued at $153,000. SRB Corp acquired a new position in shares of Alliant Energy during the third quarter valued at $163,000. Finally, JNBA Financial Advisors boosted its position in Alliant Energy by 353.6% in the fourth quarter. JNBA Financial Advisors now owns 4,708 shares of the utilities provider’s stock worth $178,000 after buying an additional 3,670 shares during the period. Institutional investors own 67.06% of the company’s stock.
Shares of Alliant Energy Co. (NYSE LNT) opened at 41.64 on Tuesday. The stock has a 50 day moving average of $40.16 and a 200-day moving average of $38.61. Alliant Energy Co. has a 12-month low of $34.88 and a 12-month high of $41.91. The company has a market capitalization of $9.49 billion, a P/E ratio of 25.21 and a beta of 0.40.
Alliant Energy (NYSE:LNT) last posted its quarterly earnings results on Wednesday, May 3rd. The utilities provider reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by $0.01. Alliant Energy had a return on equity of 10.84% and a net margin of 10.82%. The company had revenue of $853.90 million for the quarter. Equities research analysts forecast that Alliant Energy Co. will post $2.00 EPS for the current year. The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Friday, April 28th were given a $0.315 dividend. The ex-dividend date of this dividend was Wednesday, April 26th. This represents a $1.26 annualized dividend and a dividend yield of 3.03%. Alliant Energy’s dividend payout ratio is presently 83.17%.
A number of research analysts recently weighed in on the stock. Jefferies Group LLC assumed coverage on shares of Alliant Energy in a research note on Friday, May 26th. They set a “hold” rating and a $42.00 target price on the stock. Barclays PLC restated an “equal weight” rating and set a $43.00 target price (up previously from $41.00) on shares of Alliant Energy in a research note on Thursday, June 1st. Finally, Zacks Investment Research cut shares of Alliant Energy from a “buy” rating to a “hold” rating in a research note on Thursday, May 18th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $42.00. In other Alliant Energy news, Director Deborah B. Dunie acquired 3,700 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The shares were acquired at an average cost of $39.61 per share, for a total transaction of $146,557.00. Following the transaction, the director now directly owns 11,050 shares of the company’s stock, valued at $437,690.50. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP James H. Gallegos sold 5,000 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $41.25, for a total transaction of $206,250.00. The disclosure for this sale can be found here. 0.34% of the stock is owned by insiders.
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