Alliant Energy Co. (NYSE:LNT)’s share price reached a new 52-week high on Friday . The company traded as high as $48.06 and last traded at $48.02, with a volume of 167914 shares. The stock had previously closed at $47.77.
A number of equities analysts recently weighed in on LNT shares. Bank of America raised Alliant Energy from an “underperform” rating to a “neutral” rating and set a $44.00 price target for the company in a report on Thursday, January 31st. Zacks Investment Research raised Alliant Energy from a “sell” rating to a “hold” rating in a report on Friday, January 25th. Wells Fargo & Co upped their price target on Alliant Energy from $49.00 to $52.00 and gave the stock an “outperform” rating in a report on Monday, February 25th. Wolfe Research raised Alliant Energy from an “underperform” rating to a “market perform” rating in a report on Tuesday, January 22nd. Finally, Barclays started coverage on Alliant Energy in a report on Friday, January 18th. They issued an “equal weight” rating and a $45.00 price target for the company. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $46.94.
The company has a quick ratio of 0.59, a current ratio of 0.73 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $11.13 billion, a P/E ratio of 24.87, a P/E/G ratio of 3.28 and a beta of 0.18.
Alliant Energy (NYSE:LNT) last posted its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.02. Alliant Energy had a return on equity of 11.69% and a net margin of 15.09%. The company had revenue of $987.20 million during the quarter, compared to analyst estimates of $903.85 million. During the same period in the previous year, the business earned $0.52 EPS. Alliant Energy’s quarterly revenue was up 7.7% on a year-over-year basis. On average, analysts expect that Alliant Energy Co. will post 2.15 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were paid a dividend of $0.355 per share. The ex-dividend date of this dividend was Monday, April 29th. This represents a $1.42 annualized dividend and a yield of 2.96%. Alliant Energy’s dividend payout ratio (DPR) is currently 73.58%.
In other Alliant Energy news, SVP James H. Gallegos sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $47.50, for a total transaction of $237,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Patricia L. Kampling sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $46.98, for a total value of $469,800.00. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of the company. Cleararc Capital Inc. purchased a new stake in shares of Alliant Energy in the first quarter valued at approximately $270,000. Horizon Investments LLC grew its position in shares of Alliant Energy by 9.6% in the first quarter. Horizon Investments LLC now owns 32,225 shares of the utilities provider’s stock valued at $1,507,000 after purchasing an additional 2,833 shares in the last quarter. Full Sail Capital LLC purchased a new stake in shares of Alliant Energy in the first quarter valued at approximately $210,000. Jane Street Group LLC purchased a new stake in shares of Alliant Energy in the first quarter valued at approximately $287,000. Finally, HighTower Advisors LLC grew its position in shares of Alliant Energy by 186.2% in the first quarter. HighTower Advisors LLC now owns 43,397 shares of the utilities provider’s stock valued at $2,040,000 after purchasing an additional 28,236 shares in the last quarter. Institutional investors and hedge funds own 71.12% of the company’s stock.
About Alliant Energy (NYSE:LNT)
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.
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