Smithfield Trust Co. Holds Stake in Alliant Energy Corporation (NYSE:LNT)

Smithfield Trust Co. continued to hold its position in shares of Alliant Energy Corporation (NYSE:LNT) during the second quarter, Holdings Channel reports. The fund owned 4,950 shares of the utilities provider’s stock at the end of the second quarter. Smithfield Trust Co.’s holdings in Alliant Energy Corporation were worth $199,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in LNT. Mosaic Family Wealth LLC increased its position in shares of Alliant Energy Corporation by 0.8% in the first quarter. Mosaic Family Wealth LLC now owns 3,212 shares of the utilities provider’s stock worth $127,000 after buying an additional 27 shares during the period. Huntington National Bank increased its position in shares of Alliant Energy Corporation by 229.2% in the second quarter. Huntington National Bank now owns 3,292 shares of the utilities provider’s stock worth $133,000 after buying an additional 2,292 shares during the period. Pacer Advisors Inc. increased its position in shares of Alliant Energy Corporation by 3.2% in the first quarter. Pacer Advisors Inc. now owns 4,281 shares of the utilities provider’s stock worth $170,000 after buying an additional 132 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Alliant Energy Corporation by 35.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,642 shares of the utilities provider’s stock worth $183,000 after buying an additional 1,203 shares during the period. Finally, Reliance Trust Co. of Delaware acquired a new position in shares of Alliant Energy Corporation during the first quarter worth about $202,000. 67.68% of the stock is owned by hedge funds and other institutional investors.

Shares of Alliant Energy Corporation (LNT) opened at 41.28 on Tuesday. The firm has a 50-day moving average price of $40.73 and a 200-day moving average price of $39.67. Alliant Energy Corporation has a 52 week low of $34.88 and a 52 week high of $42.19. The stock has a market cap of $9.40 billion, a PE ratio of 24.99 and a beta of 0.41.

Alliant Energy Corporation (NYSE:LNT) last issued its earnings results on Thursday, August 3rd. The utilities provider reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. The company had revenue of $765.30 million during the quarter, compared to analyst estimates of $725.92 million. Alliant Energy Corporation had a return on equity of 11.43% and a net margin of 11.85%. The business’s revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.37 EPS. On average, analysts forecast that Alliant Energy Corporation will post $2.00 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be given a $0.315 dividend. The ex-dividend date is Thursday, July 27th. This represents a $1.26 annualized dividend and a dividend yield of 3.05%. Alliant Energy Corporation’s payout ratio is 74.12%.

A number of equities research analysts have weighed in on LNT shares. UBS AG reiterated a “neutral” rating and issued a $42.00 price objective (up previously from $41.00) on shares of Alliant Energy Corporation in a research note on Wednesday, May 10th. Barclays PLC reiterated an “equal weight” rating and issued a $43.00 price objective (up previously from $41.00) on shares of Alliant Energy Corporation in a research note on Thursday, June 1st. BidaskClub cut Alliant Energy Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Zacks Investment Research upgraded Alliant Energy Corporation from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Thursday, June 29th. Finally, Jefferies Group LLC started coverage on Alliant Energy Corporation in a research note on Friday, May 26th. They issued a “hold” rating and a $42.00 price objective for the company. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Alliant Energy Corporation has an average rating of “Hold” and a consensus price target of $42.17.

In other news, Director Deborah B. Dunie bought 3,700 shares of the firm’s stock in a transaction dated Friday, May 19th. The stock was bought at an average price of $39.61 per share, for a total transaction of $146,557.00. Following the transaction, the director now owns 11,050 shares in the company, valued at $437,690.50. The purchase was disclosed in a legal filing with the SEC, which is accessible 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 currently owned by company 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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