Duff & Phelps Investment Management Co. maintained its stake in shares of Alliant Energy Corp. (NYSE:LNT) during the third quarter, Holdings Channel reports. The institutional investor owned 3,000,000 shares of the company’s stock at the end of the third quarter. Alliant Energy Corp. makes up about 1.6% of Duff & Phelps Investment Management Co.’s portfolio, making the stock its 6th largest position. Duff & Phelps Investment Management Co.’s holdings in Alliant Energy Corp. were worth $114,930,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. M&R Capital Management Inc. purchased a new stake in shares of Alliant Energy Corp. during the second quarter worth approximately $104,000. Mizuho Asset Management Co. Ltd. increased its stake in shares of Alliant Energy Corp. by 224.7% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,708 shares of the company’s stock worth $108,000 after buying an additional 1,874 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of 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 in the last quarter. Smithfield Trust Co. increased its stake in shares of Alliant Energy Corp. by 100.0% in the second quarter. Smithfield Trust Co. now owns 2,900 shares of the company’s stock worth $115,000 after buying an additional 1,450 shares in the last quarter. Finally, Capital Guardian Trust Co. increased its stake in shares of Alliant Energy Corp. by 433.3% in the second quarter. Capital Guardian Trust Co. now owns 3,200 shares of the company’s stock worth $127,000 after buying an additional 2,600 shares in the last quarter. 66.06% of the stock is currently owned by institutional investors.
Alliant Energy Corp. (NYSE:LNT) opened at 37.09 on Tuesday. Alliant Energy Corp. has a 12 month low of $29.07 and a 12 month high of $40.99. The stock has a market capitalization of $8.44 billion, a P/E ratio of 24.55 and a beta of 0.39. The firm’s 50-day moving average is $36.78 and its 200 day moving average is $38.22.
Alliant Energy Corp. (NYSE:LNT) last posted its earnings results on Thursday, November 3rd. The company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $924.60 million for the quarter, compared to analyst estimates of $1.45 billion. During the same period in the previous year, the firm posted $1.63 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities analysts anticipate that Alliant Energy Corp. will post $1.89 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Monday, October 31st were given a dividend of $0.2938 per share. 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 3.17%. Alliant Energy Corp.’s payout ratio is currently 77.23%.
A number of brokerages have commented on LNT. Argus increased their price objective on shares of Alliant Energy Corp. from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, August 25th. Guggenheim began coverage on shares of Alliant Energy Corp. in a research report on Thursday, November 3rd. They issued a “neutral” rating on the stock. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $38.75.
In other news, Director Deborah B. Dunie bought 1,350 shares of Alliant Energy Corp. stock in a transaction dated Monday, November 7th. The shares were acquired at an average cost of $37.24 per share, with a total value of $50,274.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.34% of the company’s stock.
Alliant Energy Corp. Company Profile
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).