Bank of Montreal Can Has $8.45 Million Position in Alliant Energy Corporation (LNT)

Bank of Montreal Can boosted its position in Alliant Energy Corporation (NYSE:LNT) by 159.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 210,300 shares of the utilities provider’s stock after buying an additional 129,283 shares during the period. Bank of Montreal Can owned 0.09% of Alliant Energy Corporation worth $8,448,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Wells Fargo & Company MN boosted its position in shares of Alliant Energy Corporation by 14.7% in the first quarter. Wells Fargo & Company MN now owns 379,381 shares of the utilities provider’s stock worth $15,028,000 after buying an additional 48,487 shares in the last quarter. Johnson Financial Group Inc. boosted its position in shares of Alliant Energy Corporation by 2.0% in the first quarter. Johnson Financial Group Inc. now owns 41,229 shares of the utilities provider’s stock worth $1,633,000 after buying an additional 817 shares in the last quarter. Investment Centers of America Inc. raised its stake in shares of Alliant Energy Corporation by 0.9% in the first quarter. Investment Centers of America Inc. now owns 85,699 shares of the utilities provider’s stock worth $3,403,000 after buying an additional 745 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Alliant Energy Corporation by 29.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,890 shares of the utilities provider’s stock worth $669,000 after buying an additional 3,849 shares during the last quarter. Finally, Mackenzie Financial Corp bought a new stake in shares of Alliant Energy Corporation during the first quarter worth approximately $570,000. 67.72% of the stock is currently owned by institutional investors.

Shares of Alliant Energy Corporation (NYSE:LNT) remained flat at $41.09 during midday trading on Friday. 1,051,822 shares of the company’s stock were exchanged. The stock has a market capitalization of $9.36 billion, a price-to-earnings ratio of 24.87 and a beta of 0.41. Alliant Energy Corporation has a one year low of $34.88 and a one year high of $42.19. The firm’s 50-day moving average price is $40.73 and its 200 day moving average price is $39.67.

Alliant Energy Corporation (NYSE:LNT) last issued its earnings results on Thursday, August 3rd. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The business had revenue of $765.30 million for the quarter, compared to analyst estimates of $725.92 million. Alliant Energy Corporation had a net margin of 11.85% and a return on equity of 11.56%. Alliant Energy Corporation’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.37 earnings per share. Analysts forecast that Alliant Energy Corporation will post $2.00 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be paid a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend is Thursday, July 27th. Alliant Energy Corporation’s dividend payout ratio (DPR) is 74.12%.

TRADEMARK VIOLATION NOTICE: This piece was reported by [[site]] and is the property of of [[site]]. If you are reading this piece on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The original version of this piece can be viewed at [[permalink]].

LNT has been the topic of a number of research analyst reports. BidaskClub lowered shares of Alliant Energy Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Barclays PLC restated an “equal weight” rating and set a $43.00 price objective (up from $41.00) on shares of Alliant Energy Corporation in a report on Thursday, June 1st. Zacks Investment Research upgraded shares of Alliant Energy Corporation from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a report on Friday, May 19th. Jefferies Group LLC initiated coverage on shares of Alliant Energy Corporation in a report on Friday, May 26th. They set a “hold” rating and a $42.00 price objective on the stock. Finally, UBS AG restated a “neutral” rating and set a $42.00 price objective (up from $41.00) on shares of Alliant Energy Corporation in a report on Wednesday, May 10th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $42.17.

In other Alliant Energy Corporation news, Director Deborah B. Dunie acquired 3,700 shares of the company’s stock in a transaction on Friday, May 19th. The shares were purchased at an average cost of $39.61 per share, with a total value of $146,557.00. Following the completion of the purchase, the director now owns 11,050 shares of the company’s stock, valued at $437,690.50. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP James H. Gallegos sold 5,000 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $41.25, for a total transaction of $206,250.00. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by company insiders.

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.