IFM Investors Pty Ltd Raises Position in Alliant Energy Co. (NYSE:LNT)

IFM Investors Pty Ltd grew its holdings in shares of Alliant Energy Co. (NYSE:LNT) by 39.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 24,263 shares of the utilities provider’s stock after purchasing an additional 6,819 shares during the quarter. IFM Investors Pty Ltd’s holdings in Alliant Energy were worth $1,309,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of LNT. BlackRock Inc. raised its position in shares of Alliant Energy by 4.7% in the 2nd quarter. BlackRock Inc. now owns 21,905,315 shares of the utilities provider’s stock worth $1,075,113,000 after buying an additional 991,604 shares during the period. Victory Capital Management Inc. raised its position in shares of Alliant Energy by 6.9% in the 2nd quarter. Victory Capital Management Inc. now owns 4,432,072 shares of the utilities provider’s stock worth $217,527,000 after buying an additional 286,591 shares during the period. Invesco Ltd. raised its position in shares of Alliant Energy by 2.0% in the 2nd quarter. Invesco Ltd. now owns 4,345,287 shares of the utilities provider’s stock worth $213,267,000 after buying an additional 83,476 shares during the period. Citadel Advisors LLC raised its position in shares of Alliant Energy by 12.0% in the 2nd quarter. Citadel Advisors LLC now owns 4,152,208 shares of the utilities provider’s stock worth $203,791,000 after buying an additional 444,342 shares during the period. Finally, Nuveen Asset Management LLC raised its position in shares of Alliant Energy by 1,101.0% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,880,096 shares of the utilities provider’s stock worth $141,356,000 after buying an additional 2,640,288 shares during the period. 71.12% of the stock is currently owned by institutional investors.

Shares of LNT traded up $0.18 during trading hours on Friday, hitting $51.68. The stock had a trading volume of 1,522,195 shares, compared to its average volume of 1,316,679. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.59 and a current ratio of 0.73. The firm has a market cap of $12.32 billion, a P/E ratio of 26.78, a P/E/G ratio of 3.28 and a beta of 0.18. The company’s fifty day simple moving average is $53.16 and its 200 day simple moving average is $50.53. Alliant Energy Co. has a 12-month low of $40.68 and a 12-month high of $54.59.

Alliant Energy (NYSE:LNT) last released its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.94 EPS for the quarter, beating the consensus estimate of $0.93 by $0.01. Alliant Energy had a return on equity of 11.69% and a net margin of 15.09%. The company had revenue of $990.20 million for the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the company posted $0.85 earnings per share. The firm’s revenue was up 6.6% compared to the same quarter last year. As a group, sell-side analysts predict that Alliant Energy Co. will post 2.15 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 2.75%. The ex-dividend date is Wednesday, October 30th. Alliant Energy’s dividend payout ratio (DPR) is presently 73.58%.

In other Alliant Energy news, SVP James H. Gallegos sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $52.29, for a total value of $261,450.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Leon David A. De acquired 941 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was bought at an average cost of $53.15 per share, for a total transaction of $50,014.15. The disclosure for this purchase can be found here. Company insiders own 0.25% of the company’s stock.

Separately, UBS Group increased their target price on Alliant Energy from $49.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $50.36.

Alliant Energy Profile

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the Midwest region of the United States. It operates through three segments: Electric, Gas, and Other. The company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinois, and Iowa; and generates and distributes steam in Cedar Rapids, Iowa.

See Also: Buy-Side Analysts

Institutional Ownership by Quarter for Alliant Energy (NYSE:LNT)

Receive News & Ratings for Alliant Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliant Energy and related companies with MarketBeat.com's FREE daily email newsletter.