Janus Henderson Group PLC grew its stake in Alliant Energy Corporation (NYSE:LNT) by 11,520.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,638,001 shares of the utilities provider’s stock after purchasing an additional 3,606,695 shares during the quarter. Janus Henderson Group PLC owned about 1.57% of Alliant Energy Corporation worth $146,138,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Pacad Investment Ltd. bought a new position in Alliant Energy Corporation during the 2nd quarter worth about $125,000. Mosaic Family Wealth LLC increased its holdings 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 in the last quarter. Huntington National Bank increased its holdings in Alliant Energy Corporation by 229.2% during the 2nd quarter. Huntington National Bank now owns 3,292 shares of the utilities provider’s stock worth $133,000 after purchasing an additional 2,292 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Alliant Energy Corporation by 3.2% during the 1st quarter. Pacer Advisors Inc. now owns 4,281 shares of the utilities provider’s stock worth $170,000 after purchasing an additional 132 shares in the last quarter. Finally, Federated Investors Inc. PA increased its holdings in Alliant Energy Corporation by 8.2% during the 2nd quarter. Federated Investors Inc. PA now owns 4,288 shares of the utilities provider’s stock worth $172,000 after purchasing an additional 326 shares in the last quarter. 66.51% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts recently commented on the company. BidaskClub upgraded shares of Alliant Energy Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Jefferies Group LLC restated a “hold” rating and set a $43.00 price objective (up from $42.00) on shares of Alliant Energy Corporation in a research report on Wednesday, August 9th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $41.25.
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In other news, insider Wayne A. Reschke sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $42.83, for a total value of $85,660.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.33% of the stock is owned by corporate insiders.
Alliant Energy Corporation (LNT) traded up 0.02% during midday trading on Tuesday, hitting $43.13. 130,555 shares of the stock were exchanged. Alliant Energy Corporation has a 1-year low of $34.88 and a 1-year high of $43.69. The firm’s 50-day moving average price is $42.43 and its 200 day moving average price is $41.10. The firm has a market capitalization of $9.97 billion, a P/E ratio of 25.46 and a beta of 0.43.
Alliant Energy Corporation (NYSE:LNT) last posted its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.02. The firm had revenue of $765.30 million for the quarter, compared to analysts’ expectations of $725.92 million. Alliant Energy Corporation had a net margin of 11.85% and a return on equity of 11.43%. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.37 earnings per share. Analysts expect that Alliant Energy Corporation will post $2.01 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st will be issued a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.92%. Alliant Energy Corporation’s payout ratio is presently 74.12%.
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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