First National Bank Sioux Falls continued to hold its stake in Alliant Energy Co. (NYSE:LNT) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,626 shares of the utilities provider’s stock at the end of the first quarter. First National Bank Sioux Falls’ holdings in Alliant Energy were worth $223,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. BlackRock Group LTD raised its stake in Alliant Energy by 2.8% in the third quarter. BlackRock Group LTD now owns 1,968,547 shares of the utilities provider’s stock worth $75,415,000 after buying an additional 53,902 shares during the period. Westwood Holdings Group Inc. raised its stake in Alliant Energy by 4.9% in the fourth quarter. Westwood Holdings Group Inc. now owns 1,783,490 shares of the utilities provider’s stock worth $67,577,000 after buying an additional 82,997 shares during the period. The Manufacturers Life Insurance Company bought a new stake in Alliant Energy during the third quarter worth about $53,444,000. Morgan Stanley raised its stake in Alliant Energy by 117.5% in the third quarter. Morgan Stanley now owns 1,306,610 shares of the utilities provider’s stock worth $50,055,000 after buying an additional 705,977 shares during the period. Finally, Edge Asset Management Inc. raised its stake in Alliant Energy by 8.3% in the fourth quarter. Edge Asset Management Inc. now owns 1,170,160 shares of the utilities provider’s stock worth $44,338,000 after buying an additional 89,507 shares during the period. 67.06% of the stock is owned by institutional investors and hedge funds.
Shares of Alliant Energy Co. (NYSE:LNT) traded up 0.60% during trading on Friday, reaching $39.96. 1,217,777 shares of the company traded hands. Alliant Energy Co. has a 12 month low of $34.08 and a 12 month high of $40.99. The stock’s 50 day moving average price is $39.53 and its 200-day moving average price is $37.84. The stock has a market cap of $9.10 billion, a P/E ratio of 24.43 and a beta of 0.40.
Alliant Energy (NYSE:LNT) last posted its quarterly earnings results on Thursday, February 23rd. The utilities provider reported $0.28 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.28. Alliant Energy had a return on equity of 10.84% and a net margin of 10.82%. The business had revenue of $797 million for the quarter, compared to analysts’ expectations of $795.51 million. During the same quarter in the prior year, the business earned $0.16 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, equities research analysts expect that Alliant Energy Co. will post $2.00 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 15th. Shareholders of record on Friday, April 28th will be issued a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Wednesday, April 26th. Alliant Energy’s dividend payout ratio is 83.17%.
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LNT has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Alliant Energy from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research report on Monday, February 27th. Barclays PLC reaffirmed a “hold” rating on shares of Alliant Energy in a research report on Wednesday, March 1st. Finally, Macquarie lowered shares of Alliant Energy from an “outperform” rating to a “neutral” rating and set a $37.00 price objective on the stock. in a research report on Tuesday, January 24th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Alliant Energy presently has an average rating of “Hold” and an average price target of $40.75.
About Alliant Energy
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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