James H. Gallegos Sells 5,000 Shares of Alliant Energy Co. (NYSE:LNT) Stock

Alliant Energy Co. (NYSE:LNT) SVP James H. Gallegos sold 5,000 shares of the stock in a transaction on 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 filing with the SEC, which is available through the SEC website.

James H. Gallegos also recently made the following trade(s):

  • On Friday, June 14th, James H. Gallegos sold 5,000 shares of Alliant Energy stock. The stock was sold at an average price of $50.00, for a total value of $250,000.00.

Shares of NYSE LNT traded down $0.47 during mid-day trading on Friday, reaching $52.09. 183,060 shares of the company were exchanged, compared to its average volume of 1,317,709. The company has a quick ratio of 0.59, a current ratio of 0.73 and a debt-to-equity ratio of 1.15. The stock has a market cap of $12.75 billion, a price-to-earnings ratio of 26.97, a P/E/G ratio of 3.28 and a beta of 0.18. Alliant Energy Co. has a 1 year low of $40.68 and a 1 year high of $53.87. The firm has a 50-day moving average of $51.15 and a 200 day moving average of $48.50.

Alliant Energy (NYSE:LNT) last issued its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.04). The company had revenue of $790.20 million for the quarter, compared to analysts’ expectations of $828.79 million. Alliant Energy had a return on equity of 11.69% and a net margin of 15.09%. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 earnings per share. On average, equities analysts forecast that Alliant Energy Co. will post 2.15 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were paid a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date was Tuesday, July 30th. Alliant Energy’s dividend payout ratio (DPR) is currently 73.58%.

LNT has been the subject of a number of analyst reports. UBS Group upped their price objective on Alliant Energy from $49.00 to $53.00 and gave the stock a “neutral” rating in a research note on Friday. Bank of America upgraded Alliant Energy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $50.00 to $54.00 in a research note on Wednesday, June 26th. Finally, Argus restated a “buy” rating and set a $52.00 price objective on shares of Alliant Energy in a research note on Wednesday, June 5th. Five investment 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.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Private Capital Group LLC increased its holdings in shares of Alliant Energy by 367.7% in the second quarter. Private Capital Group LLC now owns 580 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 456 shares during the period. NumerixS Investment Technologies Inc acquired a new position in shares of Alliant Energy in the second quarter valued at about $29,000. Personal Wealth Partners acquired a new position in shares of Alliant Energy in the second quarter valued at about $31,000. Advisory Services Network LLC increased its holdings in shares of Alliant Energy by 354.1% in the second quarter. Advisory Services Network LLC now owns 722 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 563 shares during the period. Finally, Meeder Asset Management Inc. increased its holdings in shares of Alliant Energy by 583.3% in the second quarter. Meeder Asset Management Inc. now owns 779 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 665 shares during the period. Hedge funds and other institutional investors own 71.12% of the company’s stock.

About Alliant Energy

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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