Monarch Partners Asset Management LLC raised its holdings in Alliant Energy Co. (NYSE:LNT) by 34.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 44,150 shares of the utilities provider’s stock after acquiring an additional 11,230 shares during the quarter. Monarch Partners Asset Management LLC’s holdings in Alliant Energy were worth $2,381,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Private Capital Group LLC increased its holdings in shares of Alliant Energy by 367.7% in the second quarter. Private Capital Group LLC now owns 580 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 456 shares during the period. NumerixS Investment Technologies Inc acquired a new position in shares of Alliant Energy in the second quarter valued at about $29,000. Personal Wealth Partners acquired a new position in shares of Alliant Energy in the second quarter valued at about $31,000. Advisory Services Network LLC increased its holdings in shares of Alliant Energy by 354.1% in the second quarter. Advisory Services Network LLC now owns 722 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 563 shares during the period. Finally, Parallel Advisors LLC increased its holdings in shares of Alliant Energy by 55.3% in the third quarter. Parallel Advisors LLC now owns 736 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 262 shares during the period. 71.12% of the stock is currently owned by institutional investors and hedge funds.
Separately, UBS Group increased their price objective on Alliant Energy from $49.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Alliant Energy has an average rating of “Hold” and a consensus price target of $50.36.
In related news, SVP James H. Gallegos sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $52.29, for a total transaction of $261,450.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Leon David A. De bought 941 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were bought at an average cost of $53.15 per share, for a total transaction of $50,014.15. The disclosure for this purchase can be found here. 0.25% of the stock is owned by company insiders.
Alliant Energy stock traded up $0.18 during midday trading on Friday, hitting $51.68. 1,522,195 shares of the company were exchanged, compared to its average volume of 1,316,679. The firm has a market capitalization of $12.32 billion, a PE ratio of 26.78, a price-to-earnings-growth ratio of 3.28 and a beta of 0.18. Alliant Energy Co. has a fifty-two week low of $40.68 and a fifty-two week high of $54.59. The business has a fifty day simple moving average of $53.16 and a two-hundred day simple moving average of $50.53. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.59 and a current ratio of 0.73.
Alliant Energy (NYSE:LNT) last posted its earnings results on Wednesday, November 6th. The utilities provider reported $0.94 EPS for the quarter, topping the consensus estimate of $0.93 by $0.01. The firm had revenue of $990.20 million for the quarter, compared to analyst estimates of $1.02 billion. Alliant Energy had a return on equity of 11.69% and a net margin of 15.09%. Alliant Energy’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the company earned $0.85 earnings per share. As a group, equities analysts expect that Alliant Energy Co. will post 2.15 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a yield of 2.75%. The ex-dividend date is Wednesday, October 30th. Alliant Energy’s dividend payout ratio (DPR) is 73.58%.
Alliant Energy 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.
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