29,982 Shares in Alliant Energy Co. (NYSE:LNT) Bought by Duality Advisers LP

Share on StockTwits

Duality Advisers LP bought a new stake in Alliant Energy Co. (NYSE:LNT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 29,982 shares of the utilities provider’s stock, valued at approximately $1,434,000.

Other institutional investors have also recently bought and sold shares of the company. GQ Asset Management LLC purchased a new stake in shares of Alliant Energy in the 1st quarter worth about $35,000. Allworth Financial LP raised its position in Alliant Energy by 50.7% during the second quarter. Allworth Financial LP now owns 990 shares of the utilities provider’s stock worth $47,000 after acquiring an additional 333 shares during the last quarter. Twin Tree Management LP lifted its holdings in shares of Alliant Energy by 180.2% in the first quarter. Twin Tree Management LP now owns 1,031 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 663 shares in the last quarter. Arden Trust Co acquired a new stake in shares of Alliant Energy in the first quarter valued at approximately $55,000. Finally, Ballast Advisors LLC purchased a new position in shares of Alliant Energy during the 1st quarter worth approximately $64,000. 71.12% of the stock is currently owned by institutional investors.

NYSE:LNT opened at $53.85 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.73 and a quick ratio of 0.59. The firm has a market cap of $13.44 billion, a PE ratio of 27.90, a P/E/G ratio of 3.28 and a beta of 0.18. The firm has a 50 day simple moving average of $49.63 and a 200-day simple moving average of $51.49. Alliant Energy Co. has a 1-year low of $37.66 and a 1-year high of $60.28.

Alliant Energy (NYSE:LNT) last issued its quarterly earnings results on Thursday, May 7th. The utilities provider reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.18. Alliant Energy had a return on equity of 11.69% and a net margin of 15.09%. The company had revenue of $915.70 million during the quarter, compared to the consensus estimate of $979.61 million. During the same period in the previous year, the firm posted $0.53 EPS. Alliant Energy’s revenue was down 7.2% on a year-over-year basis. As a group, sell-side analysts expect that Alliant Energy Co. will post 2.15 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 31st will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, July 30th. This represents a $1.52 annualized dividend and a yield of 2.82%. Alliant Energy’s dividend payout ratio (DPR) is presently 78.76%.

Separately, Wells Fargo & Co lowered their target price on Alliant Energy from $65.00 to $55.00 and set an “overweight” rating on the stock in a report on Wednesday, May 13th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Alliant Energy currently has a consensus rating of “Buy” and an average target price of $55.20.

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: The Structure of a Futures Contract

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

Receive News & Ratings for Alliant Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliant Energy and related companies with MarketBeat.com's FREE daily email newsletter.

 

Latest News

Different Types of Research Papers
Different Types of Research Papers
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing


 
© 2006-2020 BBNS.