Alliant Energy Co. (LNT) Holdings Cut by Mitsubishi UFJ Trust & Banking Corp

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Mitsubishi UFJ Trust & Banking Corp trimmed its stake in shares of Alliant Energy Co. (NYSE:LNT) by 61.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 186,618 shares of the utilities provider’s stock after selling 299,826 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Alliant Energy were worth $7,944,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of LNT. Commonwealth Bank of Australia lifted its stake in shares of Alliant Energy by 11.4% in the second quarter. Commonwealth Bank of Australia now owns 3,498,963 shares of the utilities provider’s stock worth $147,412,000 after buying an additional 359,030 shares in the last quarter. Epoch Investment Partners Inc. purchased a new position in shares of Alliant Energy in the second quarter worth about $14,640,000. Covalis Capital LLP lifted its stake in shares of Alliant Energy by 2,088.3% in the second quarter. Covalis Capital LLP now owns 302,599 shares of the utilities provider’s stock worth $12,806,000 after buying an additional 288,771 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Alliant Energy by 59.4% in the third quarter. Russell Investments Group Ltd. now owns 747,001 shares of the utilities provider’s stock worth $31,705,000 after buying an additional 278,434 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Alliant Energy in the third quarter worth about $8,889,000. 71.43% of the stock is currently owned by institutional investors and hedge funds.

NYSE:LNT opened at $45.84 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.59 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $10.79 billion, a PE ratio of 21.47, a price-to-earnings-growth ratio of 3.57 and a beta of 0.18. Alliant Energy Co. has a twelve month low of $36.84 and a twelve month high of $46.58.

Alliant Energy (NYSE:LNT) last issued its earnings results on Tuesday, November 6th. The utilities provider reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. Alliant Energy had a net margin of 15.09% and a return on equity of 11.69%. The company had revenue of $928.60 million for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the firm earned $0.75 earnings per share. Alliant Energy’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, research analysts anticipate that Alliant Energy Co. will post 2.15 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Wednesday, October 31st were paid a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date was Tuesday, October 30th. Alliant Energy’s dividend payout ratio (DPR) is presently 69.43%.

In other news, Director Deborah B. Dunie bought 1,250 shares of Alliant Energy stock in a transaction on Thursday, September 13th. The shares were bought at an average cost of $43.80 per share, with a total value of $54,750.00. Following the completion of the purchase, the director now directly owns 12,300 shares of the company’s stock, valued at $538,740. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.25% of the stock is owned by insiders.

Several equities analysts have recently weighed in on the stock. Mizuho reissued a “hold” rating and issued a $44.50 price target on shares of Alliant Energy in a research note on Thursday, November 29th. Bank of America downgraded shares of Alliant Energy from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 21st. ValuEngine raised shares of Alliant Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, November 21st. Wells Fargo & Co raised their price target on shares of Alliant Energy from $47.00 to $48.00 and gave the stock a “market perform” rating in a research note on Thursday, November 8th. Finally, Wolfe Research downgraded shares of Alliant Energy from a “peer perform” rating to an “underperform” rating in a research note on Monday, August 13th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $45.42.

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Alliant Energy Company Profile

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the Midwest region of the United States. It operates through three segments: Electric, Gas, and Other. The company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinois, and Iowa; and generates and distributes steam in Cedar Rapids, Iowa.

See Also: Momentum Indicator: Relative Strength Index

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Institutional Ownership by Quarter for Alliant Energy (NYSE:LNT)

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