The institutional investor purchased 19,120 shares of the utilities provider's stock, valued at approximately $795,000.
Shares of Alliant Energy Corporation (NYSE:LNT) traded down $0.42 on Monday, reaching $43.68. The utilities provider reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.13). Veritable L.P. raised its holdings in Alliant Energy Corporation by 0.3% in the 2nd quarter. Reliance Of Delaware invested in 29,947 shares or 0.15% of the stock. California State Teachers Retirement System cut its position by shedding 33,921 shares a decrease of 8.1%. Finally, Reliance Trust Co. of DE increased its position in Alliant Energy Corp.by 152.5% in the second quarter. Td Asset Management Inc controls 306,836 shares with a value of $12,755,000.
Several research firms have commented on LNT. Argus lifted their price objective on Alliant Energy Corp. from $40.00 to $43.00 and gave the stock a buy rating in a report on Thursday, August 25th. BidaskClub raised shares of Alliant Energy Corporation from a "hold" rating to a "buy" rating in a research report on Saturday, August 19th. They set a neutral rating and a $45.00 price target for the company. The stock of Alliant Energy Corporation (NYSE:LNT) has "Buy" rating given on Monday, March 21 by Argus Research. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.33% of the company's stock.
TRADEMARK VIOLATION NOTICE: "Alliant Energy Corporation (NYSE:LNT) Issues FY17 Earnings Guidance" was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.51 and a quick ratio of 0.36. Alliant Energy Corporation has had 2 insider trades in the last 3 months, including 0 open market buys and 2 sells. Alliant Energy Corporation (NYSE:LNT) has risen 11.22% since November 14, 2016 and is uptrending. During the same quarter in the prior year, the company earned $0.80 earnings per share. research analysts expect that Alliant Energy Corporation will post 1.94 EPS for the current fiscal year.
The stock of Alliant Energy Corporation (NYSE:LNT) hit a new 52-week high and has $46.25 target or 4.00% above today's $44.47 share price. The company had revenue of $907.00 million during the quarter, compared to analysts' expectations of $1.23 billion. Dimensional Fund Advisors Lp added to its investment by buying 6,274 shares an increase of 1.1% in the quarter. The company provided EPS guidance of $1.89-1.97 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.01.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st will be issued a $0.315 dividend. The ex-dividend date of this dividend is Monday, October 30th. This represents a $1.18 annualized dividend and a dividend yield of 3.17%. Alliant Energy Corp.'s dividend payout ratio (DPR) is presently 67.24%.
A number of equities analysts have weighed in on LNT shares. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of USA & global trademark and copyright laws. The original version of this report can be accessed at https://www.truebluetribune.com/2017/11/15/alliant-energy-corporation-lnt-earning-somewhat-positive-press-coverage-report-shows.html.
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.
Want to see what other hedge funds are holding LNT?