Virtu Financial LLC acquired a new position in Alliant Energy Co. (NYSE:LNT) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 13,551 shares of the utilities provider’s stock, valued at approximately $577,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Piedmont Investment Advisors LLC purchased a new position in Alliant Energy in the second quarter worth about $115,000. Aperio Group LLC raised its holdings in Alliant Energy by 19.1% in the second quarter. Aperio Group LLC now owns 105,347 shares of the utilities provider’s stock worth $4,458,000 after buying an additional 16,892 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in Alliant Energy by 4.8% in the second quarter. Commonwealth Equity Services LLC now owns 68,679 shares of the utilities provider’s stock worth $2,906,000 after buying an additional 3,119 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Alliant Energy by 2.1% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 713,329 shares of the utilities provider’s stock worth $30,188,000 after buying an additional 14,781 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Alliant Energy by 7.6% in the second quarter. Wells Fargo & Company MN now owns 377,144 shares of the utilities provider’s stock worth $15,961,000 after buying an additional 26,528 shares during the last quarter. 71.43% of the stock is currently owned by institutional investors.
In related news, Director Deborah B. Dunie purchased 1,250 shares of Alliant Energy stock in a transaction dated Thursday, September 13th. The stock was purchased at an average cost of $43.80 per share, for a total transaction of $54,750.00. Following the completion of the purchase, the director now directly owns 12,300 shares of the company’s stock, valued at approximately $538,740. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.25% of the company’s stock.
Shares of LNT stock opened at $45.84 on Friday. Alliant Energy Co. has a 52 week low of $36.84 and a 52 week high of $46.58. The company has a market capitalization of $10.79 billion, a PE ratio of 21.47, a P/E/G ratio of 3.57 and a beta of 0.18. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.73 and a quick ratio of 0.59.
Alliant Energy (NYSE:LNT) last announced its quarterly earnings results on Tuesday, November 6th. The utilities provider reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. Alliant Energy had a net margin of 15.09% and a return on equity of 11.69%. The firm had revenue of $928.60 million during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the business posted $0.75 earnings per share. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. Equities research analysts anticipate that Alliant Energy Co. will post 2.15 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st were paid a $0.335 dividend. The ex-dividend date was Tuesday, October 30th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 2.92%. Alliant Energy’s dividend payout ratio is presently 69.43%.
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Alliant Energy Company 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.
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