Alliant Energy Corp. (NYSE:LNT) announced a quarterly dividend on Friday, October 7th. Shareholders of record on Monday, October 31st will be given a dividend of 0.2938 per share on Tuesday, November 15th. This represents a $1.18 dividend on an annualized basis and a yield of 3.20%.
Alliant Energy Corp. (NYSE:LNT) traded down 0.33% during mid-day trading on Friday, reaching $36.57. The company’s stock had a trading volume of 946,806 shares. The stock has a market capitalization of $8.31 billion, a P/E ratio of 21.03 and a beta of 0.41. The stock’s 50 day moving average price is $38.47 and its 200 day moving average price is $38.04. Alliant Energy Corp. has a 1-year low of $28.07 and a 1-year high of $40.99.
Alliant Energy Corp. (NYSE:LNT) last issued its quarterly earnings results on Monday, August 1st. The company reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by $0.01. The business earned $754.60 million during the quarter, compared to analyst estimates of $593.06 million. Alliant Energy Corp. had a net margin of 12.50% and a return on equity of 11.02%. The company’s revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.31 earnings per share. Analysts expect that Alliant Energy Corp. will post $1.89 EPS for the current fiscal year.
A number of analysts have recently commented on LNT shares. Argus upped their price objective on Alliant Energy Corp. from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, August 25th. Zacks Investment Research upgraded Alliant Energy Corp. from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Monday, July 11th. Finally, Barclays PLC downgraded Alliant Energy Corp. from an “overweight” rating to an “equal weight” rating and set a $39.00 price objective for the company. in a report on Friday, June 10th. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Alliant Energy Corp. has an average rating of “Buy” and an average price target of $38.75.
In related news, SVP James H. Gallegos sold 5,000 shares of the company’s stock in a transaction on Monday, July 11th. The shares were sold at an average price of $40.29, for a total transaction of $201,450.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.34% of the company’s stock.
A number of hedge funds have recently made changes to their positions in LNT. Capital Guardian Trust Co. boosted its stake in shares of Alliant Energy Corp. by 433.3% in the second quarter. Capital Guardian Trust Co. now owns 3,200 shares of the company’s stock worth $127,000 after buying an additional 2,600 shares during the period. Pacer Advisors Inc. boosted its position in Alliant Energy Corp. by 120.8% in the second quarter. Pacer Advisors Inc. now owns 4,197 shares of the company’s stock worth $167,000 after buying an additional 2,296 shares during the last quarter. Dubuque Bank & Trust Co. boosted its position in Alliant Energy Corp. by 99.9% in the second quarter. Dubuque Bank & Trust Co. now owns 4,403 shares of the company’s stock worth $175,000 after buying an additional 2,200 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in Alliant Energy Corp. by 100.0% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,800 shares of the company’s stock worth $191,000 after buying an additional 2,400 shares during the last quarter. Finally, Tredje AP fonden purchased a new position in Alliant Energy Corp. during the second quarter worth $193,000. 65.60% of the stock is owned by hedge funds and other institutional investors.
About Alliant Energy Corp.
Alliant Energy Corporation (Alliant Energy) is a regulated investor-owned public utility holding company. The Company provides regulated electric and natural gas services in Iowa and Wisconsin. The Company’s business segments are 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).
Receive News & Ratings for Alliant Energy Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliant Energy Corp. and related companies with MarketBeat.com's FREE daily email newsletter.