Trade Report: Today, Public Employees Retirement Association of Colorado Sold shares of Alliant Energy Corp. (LNT)

Today, Public Employees Retirement Association of Colorado Sold shares of Alliant Energy Corp. (LNT)

Public Employees Retirement Association of Colorado lowered its position in Alliant Energy Corp. (NYSE:LNT) by 2.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 50,347 shares of the company’s stock after selling 1,320 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Alliant Energy Corp. were worth $1,929,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Lynch & Associates IN boosted its position in Alliant Energy Corp. by 0.4% in the third quarter. Lynch & Associates IN now owns 20,755 shares of the company’s stock worth $795,000 after buying an additional 75 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Alliant Energy Corp. by 0.8% in the second quarter. Janney Montgomery Scott LLC now owns 24,822 shares of the company’s stock worth $1,550,000 after buying an additional 198 shares during the last quarter. Arizona State Retirement System boosted its position in Alliant Energy Corp. by 0.3% in the first quarter. Arizona State Retirement System now owns 66,000 shares of the company’s stock worth $4,902,000 after buying an additional 200 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Alliant Energy Corp. by 7.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,843 shares of the company’s stock worth $112,000 after buying an additional 207 shares during the last quarter. Finally, Gofen & Glossberg LLC IL boosted its position in Alliant Energy Corp. by 2.1% in the third quarter. Gofen & Glossberg LLC IL now owns 13,131 shares of the company’s stock worth $503,000 after buying an additional 267 shares during the last quarter. Institutional investors and hedge funds own 65.87% of the company’s stock.

Shares of Alliant Energy Corp. (NYSE:LNT) opened at 36.35 on Friday. The stock has a 50 day moving average of $36.77 and a 200-day moving average of $38.20. The firm has a market capitalization of $8.27 billion, a P/E ratio of 24.06 and a beta of 0.39. Alliant Energy Corp. has a 52-week low of $29.07 and a 52-week high of $40.99.

Alliant Energy Corp. (NYSE:LNT) last posted its earnings results on Thursday, November 3rd. The company reported $0.80 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.91 by $0.11. Alliant Energy Corp. had a return on equity of 10.84% and a net margin of 10.82%. The business earned $924.60 million during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the prior year, the company earned $1.63 EPS. The company’s revenue was up 2.9% on a year-over-year basis. Equities analysts expect that Alliant Energy Corp. will post $1.89 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Monday, October 31st were issued a $0.2938 dividend. The ex-dividend date of this dividend was Thursday, October 27th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.23%. Alliant Energy Corp.’s dividend payout ratio is presently 77.23%.

A number of research firms recently commented on LNT. Guggenheim initiated coverage on shares of Alliant Energy Corp. in a research report on Thursday, November 3rd. They set a “neutral” rating for the company. Argus raised their price objective on shares of Alliant Energy Corp. from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, August 25th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Alliant Energy Corp. currently has a consensus rating of “Buy” and an average target price of $38.75.

In other news, Director Deborah B. Dunie acquired 1,350 shares of Alliant Energy Corp. stock in a transaction on Monday, November 7th. The stock was acquired at an average cost of $37.24 per share, with a total value of $50,274.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.34% of the stock is currently owned by corporate insiders.

About Alliant Energy Corp.

Alliant Energy Corporation (Alliant Energy) is a regulated investor-owned public utility holding company. The Company provides regulated electric and natural gas services in Iowa and Wisconsin. The Company’s business segments are 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).

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