California Public Employees Retirement System lessened its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 0.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,920,678 shares of the company’s stock after selling 7,685 shares during the quarter. California Public Employees Retirement System owned 0.77% of Alliant Energy worth $107,097,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in LNT. Compagnie Lombard Odier SCmA purchased a new position in Alliant Energy during the 2nd quarter worth $25,000. Eagle Bay Advisors LLC purchased a new position in Alliant Energy during the 2nd quarter worth $28,000. Selective Wealth Management Inc. purchased a new position in Alliant Energy during the 2nd quarter worth $36,000. AGF Investments LLC purchased a new position in Alliant Energy during the 2nd quarter worth $36,000. Finally, Parallel Advisors LLC boosted its holdings in Alliant Energy by 51.1% during the 2nd quarter. Parallel Advisors LLC now owns 789 shares of the company’s stock worth $44,000 after acquiring an additional 267 shares during the last quarter. Institutional investors and hedge funds own 75.93% of the company’s stock.
A number of equities analysts recently weighed in on LNT shares. Guggenheim downgraded shares of Alliant Energy from a “buy” rating to a “neutral” rating in a report on Tuesday, September 7th. Scotiabank downgraded shares of Alliant Energy from a “sector outperform” rating to a “sector perform” rating in a report on Tuesday, July 6th. They noted that the move was a valuation call. Wells Fargo & Company downgraded shares of Alliant Energy from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $61.56 to $66.00 in a report on Tuesday, August 17th. Finally, Bank of America downgraded shares of Alliant Energy from a “buy” rating to a “neutral” rating and cut their price target for the stock from $60.89 to $58.00 in a report on Thursday, July 8th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Alliant Energy presently has an average rating of “Hold” and an average price target of $60.00.
Alliant Energy (NASDAQ:LNT) last released its quarterly earnings data on Wednesday, August 4th. The company reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.01. The business had revenue of $817.00 million for the quarter. Alliant Energy had a net margin of 18.38% and a return on equity of 10.72%. During the same period last year, the company earned $0.54 earnings per share. As a group, equities research analysts anticipate that Alliant Energy Co. will post 2.59 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, August 16th. Stockholders of record on Friday, July 30th were given a dividend of $0.4025 per share. This represents a $1.61 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend was Thursday, July 29th. Alliant Energy’s dividend payout ratio is presently 66.26%.
Alliant Energy Company Profile
Alliant Energy Corp. is a regulated investor-owned public utility holding company that engages in the provision of regulated electricity and natural gas service to natural gas customers in the Midwest through its two public utility subsidiaries. It operates its business through following segments: utility electric operations, utility gas operations; and utility other.
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