CrestPoint Capital Management LLC continued to hold its stake in shares of Alliant Energy Corporation (NYSE:LNT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,000 shares of the utilities provider’s stock at the end of the second quarter. CrestPoint Capital Management LLC’s holdings in Alliant Energy Corporation were worth $442,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in LNT. BlackRock Inc. raised its stake in Alliant Energy Corporation by 2,934.0% in the first quarter. BlackRock Inc. now owns 18,092,905 shares of the utilities provider’s stock worth $716,659,000 after buying an additional 17,496,557 shares during the last quarter. Mackenzie Financial Corp purchased a new stake in Alliant Energy Corporation during the first quarter worth $570,000. FMR LLC raised its stake in Alliant Energy Corporation by 25.0% in the first quarter. FMR LLC now owns 6,791,770 shares of the utilities provider’s stock worth $269,021,000 after buying an additional 1,356,522 shares during the last quarter. Vanguard Group Inc. raised its stake in Alliant Energy Corporation by 3.5% in the first quarter. Vanguard Group Inc. now owns 23,094,217 shares of the utilities provider’s stock worth $914,762,000 after buying an additional 770,456 shares during the last quarter. Finally, Citadel Advisors LLC raised its stake in Alliant Energy Corporation by 4,133.1% in the first quarter. Citadel Advisors LLC now owns 717,094 shares of the utilities provider’s stock worth $28,404,000 after buying an additional 700,154 shares during the last quarter. Hedge funds and other institutional investors own 67.68% of the company’s stock.
Alliant Energy Corporation (NYSE LNT) opened at 41.09 on Monday. The stock has a market capitalization of $9.36 billion, a price-to-earnings ratio of 24.87 and a beta of 0.41. The firm has a 50-day moving average of $40.73 and a 200 day moving average of $39.67. Alliant Energy Corporation has a 52 week low of $34.88 and a 52 week high of $42.19.
Alliant Energy Corporation (NYSE:LNT) last posted its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. Alliant Energy Corporation had a return on equity of 11.43% and a net margin of 11.85%. The company had revenue of $765.30 million for the quarter, compared to the consensus estimate of $725.92 million. During the same period in the previous year, the business earned $0.37 EPS. Alliant Energy Corporation’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, analysts anticipate that Alliant Energy Corporation will post $2.00 EPS for the current 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 issued a dividend of $0.315 per share. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.26 annualized dividend and a yield of 3.07%. Alliant Energy Corporation’s dividend payout ratio is presently 74.12%.
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A number of analysts recently weighed in on LNT shares. BidaskClub lowered shares of Alliant Energy Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Barclays PLC restated an “equal weight” rating and set a $43.00 target price (up from $41.00) on shares of Alliant Energy Corporation in a research note 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 target price on the stock in a research note on Friday, May 19th. Jefferies Group LLC started coverage on shares of Alliant Energy Corporation in a research note on Friday, May 26th. They set a “hold” rating and a $42.00 target price on the stock. Finally, UBS AG restated a “neutral” rating and set a $42.00 target price (up from $41.00) on shares of Alliant Energy Corporation in a research note on Wednesday, May 10th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus 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 bought at an average cost of $39.61 per share, for a total transaction of $146,557.00. Following the acquisition, the director now directly owns 11,050 shares of the company’s stock, valued at $437,690.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP James H. Gallegos sold 5,000 shares of Alliant Energy Corporation stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $41.25, for a total value of $206,250.00. The disclosure for this sale can be found here. 0.33% of the stock is owned by insiders.
About Alliant Energy Corporation
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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