Russell Investments Group Ltd. boosted its position in Alliant Energy Corporation (NYSE:LNT) by 80.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,004,164 shares of the utilities provider’s stock after buying an additional 446,837 shares during the period. Russell Investments Group Ltd. owned approximately 0.44% of Alliant Energy Corporation worth $40,329,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of LNT. Vanguard Group Inc. increased its position in shares of 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 valued at $914,762,000 after buying an additional 770,456 shares during the last quarter. BlackRock Inc. boosted 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 valued at $716,659,000 after buying an additional 17,496,557 shares during the period. FMR LLC boosted 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. Victory Capital Management Inc. boosted its stake in Alliant Energy Corporation by 8.4% in the first quarter. Victory Capital Management Inc. now owns 3,818,121 shares of the utilities provider’s stock worth $151,237,000 after buying an additional 295,956 shares during the last quarter. Finally, Boston Partners boosted its stake in Alliant Energy Corporation by 1.6% in the first quarter. Boston Partners now owns 3,344,272 shares of the utilities provider’s stock worth $132,467,000 after buying an additional 52,682 shares during the last quarter. 67.26% of the stock is owned by institutional investors.
Shares of Alliant Energy Corporation (LNT) traded up 1.13% on Friday, hitting $42.24. The stock had a trading volume of 1,412,660 shares. The company has a market cap of $9.76 billion, a price-to-earnings ratio of 24.94 and a beta of 0.41. Alliant Energy Corporation has a one year low of $34.88 and a one year high of $42.32. The firm’s 50-day moving average is $40.75 and its 200-day moving average is $40.02.
Alliant Energy Corporation (NYSE:LNT) last released its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.02. The company had revenue of $765.30 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.37 earnings per share. On average, analysts expect that Alliant Energy Corporation will post $2.01 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st were given a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend was Thursday, July 27th. Alliant Energy Corporation’s dividend payout ratio (DPR) is presently 74.12%.
TRADEMARK VIOLATION NOTICE: This article was posted by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this article on another domain, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this article can be viewed at https://stocknewstimes.com/2017/08/19/alliant-energy-corporation-lnt-shares-bought-by-russell-investments-group-ltd-updated-updated.html.
A number of research analysts have recently issued reports on LNT shares. UBS AG reiterated 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. Jefferies Group LLC reaffirmed a “hold” rating and issued a $43.00 price objective (up previously from $42.00) on shares of Alliant Energy Corporation in a research report on Wednesday, August 9th. BidaskClub upgraded shares of Alliant Energy Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research raised shares of 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, Barclays PLC restated an “equal weight” rating and issued a $43.00 price objective (up from $41.00) on shares of Alliant Energy Corporation in a report on Thursday, June 1st. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $42.33.
In other Alliant Energy Corporation news, SVP James H. Gallegos sold 5,000 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $41.25, for a total transaction of $206,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.33% of the stock is currently owned by 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.
Receive News & Ratings for Alliant Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliant Energy Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
