Rhumbline Advisers grew its stake in shares of Alliant Power Co. (NASDAQ:LNT – Get Rating) by 12.5% through the 2nd quarter, in keeping with its most up-to-date Type 13F submitting with the Securities and Alternate Fee. The agency owned 492,257 shares of the corporate’s inventory after buying a further 54,535 shares through the interval. Rhumbline Advisers’ holdings in Alliant Power have been price $28,851,000 as of its most up-to-date submitting with the Securities and Alternate Fee.
A number of different institutional traders have additionally just lately made adjustments to their positions in LNT. State Road Corp raised its holdings in shares of Alliant Power by 8.1% within the 1st quarter. State Road Corp now owns 13,692,321 shares of the corporate’s inventory price $855,496,000 after buying a further 1,021,148 shares over the past quarter. JPMorgan Chase & Co. raised its holdings in shares of Alliant Power by 38.3% within the 1st quarter. JPMorgan Chase & Co. now owns 3,201,808 shares of the corporate’s inventory price $200,049,000 after buying a further 886,455 shares over the past quarter. Nationwide Pension Service raised its holdings in shares of Alliant Power by 11,488.8% within the 1st quarter. Nationwide Pension Service now owns 371,883 shares of the corporate’s inventory price $23,235,000 after buying a further 368,674 shares over the past quarter. Vanguard Group Inc. elevated its stake in Alliant Power by 1.1% within the 1st quarter. Vanguard Group Inc. now owns 31,030,199 shares of the corporate’s inventory valued at $1,938,766,000 after shopping for a further 342,340 shares over the past quarter. Lastly, Mitsubishi UFJ Belief & Banking Corp elevated its stake in Alliant Power by 12.3% within the 1st quarter. Mitsubishi UFJ Belief & Banking Corp now owns 3,017,100 shares of the corporate’s inventory valued at $188,509,000 after shopping for a further 330,037 shares over the past quarter. Institutional traders and hedge funds personal 74.84% of the corporate’s inventory.
Wall Road Analyst Weigh In
A number of equities analysis analysts have commented on the inventory. Argus elevated their worth goal on shares of Alliant Power from $70.00 to $75.00 in a analysis word on Thursday, August 18th. Wolfe Analysis lowered shares of Alliant Power from an “outperform” score to a “peer carry out” score in a analysis word on Thursday, October twentieth. Wells Fargo & Firm decreased their worth goal on shares of Alliant Power from $66.00 to $57.00 and set an “equal weight” score for the corporate in a analysis word on Wednesday, October nineteenth. Financial institution of America upgraded shares of Alliant Power from a “impartial” score to a “purchase” score and elevated their worth goal for the corporate from $62.00 to $70.00 in a analysis word on Friday, August twelfth. Lastly, Guggenheim decreased their worth goal on shares of Alliant Power from $60.00 to $50.00 in a analysis word on Monday, October twenty fourth. Six funding analysts have rated the inventory with a maintain score and two have assigned a purchase score to the inventory. In accordance with MarketBeat, Alliant Power presently has a consensus score of “Maintain” and a consensus goal worth of $60.33.
Alliant Power Inventory Up 1.0 %
Alliant Energy stock opened at $55.97 on Thursday. Alliant Power Co. has a twelve month low of $47.19 and a twelve month excessive of $65.37. The agency has a 50 day shifting common worth of $51.45 and a 200-day shifting common worth of $56.97. The corporate has a market capitalization of $14.05 billion, a P/E ratio of 21.12, a P/E/G ratio of three.34 and a beta of 0.51. The corporate has a fast ratio of 0.58, a present ratio of 0.70 and a debt-to-equity ratio of 1.21.
Alliant Power (NASDAQ:LNT – Get Rating) final launched its earnings outcomes on Monday, November seventh. The corporate reported $0.93 earnings per share for the quarter, lacking analysts’ consensus estimates of $1.04 by ($0.11). Alliant Power had a internet margin of 16.52% and a return on fairness of 11.12%. The corporate had income of $1.14 billion for the quarter. As a bunch, equities analysts predict that Alliant Power Co. will submit 2.81 EPS for the present yr.
Alliant Power Cuts Dividend
The agency additionally just lately disclosed a quarterly dividend, which was paid on Tuesday, November fifteenth. Traders of document on Monday, October thirty first have been issued a $0.4275 dividend. This represents a $1.71 annualized dividend and a yield of three.06%. The ex-dividend date of this dividend was Friday, October twenty eighth. Alliant Power’s dividend payout ratio (DPR) is presently 64.53%.
About Alliant Power
Alliant Power Company operates as a utility holding firm that gives regulated electrical energy and pure fuel companies. It operates via three segments: Utility Electrical Operations, Utility Fuel Operations, and Utility Different. The corporate, via its subsidiary, Interstate Energy and Gentle Firm (IPL), primarily generates and distributes electrical energy, and distributes and transports pure fuel to retail clients in Iowa; sells electrical energy to wholesale clients in Minnesota, Illinois, and Iowa; and generates and distributes steam in Cedar Rapids, Iowa.
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