Swiss National Bank increased its position in shares of Alliant Energy Co. (NYSE:LNT) by 3.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 893,998 shares of the utilities provider’s stock after purchasing an additional 29,100 shares during the quarter. Swiss National Bank owned 0.38% of Alliant Energy worth $42,125,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of LNT. We Are One Seven LLC purchased a new stake in Alliant Energy in the 4th quarter valued at $25,000. Sontag Advisory LLC purchased a new stake in Alliant Energy in the 4th quarter valued at $30,000. Berman Capital Advisors LLC raised its position in Alliant Energy by 268.5% in the 1st quarter. Berman Capital Advisors LLC now owns 877 shares of the utilities provider’s stock valued at $41,000 after buying an additional 639 shares during the last quarter. Icon Wealth Partners LLC purchased a new stake in Alliant Energy in the 1st quarter valued at $44,000. Finally, Moody National Bank Trust Division purchased a new stake in Alliant Energy in the 1st quarter valued at $45,000. 71.12% of the stock is owned by institutional investors and hedge funds.
LNT traded up $0.15 during trading hours on Friday, hitting $49.08. The stock had a trading volume of 1,361,700 shares, compared to its average volume of 1,401,294. The firm’s fifty day simple moving average is $48.58. Alliant Energy Co. has a 1 year low of $40.68 and a 1 year high of $50.17. The stock has a market capitalization of $11.62 billion, a PE ratio of 25.43, a PEG ratio of 3.28 and a beta of 0.18. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.59 and a current ratio of 0.73.
In other news, SVP James H. Gallegos sold 5,000 shares of Alliant Energy stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $47.50, for a total transaction of $237,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Patricia L. Kampling sold 10,000 shares of Alliant Energy stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $47.55, for a total value of $475,500.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,000 shares of company stock valued at $1,432,800. Corporate insiders own 0.25% of the company’s stock.
LNT has been the subject of a number of analyst reports. Zacks Investment Research lowered Alliant Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Bank of America raised Alliant Energy from a “neutral” rating to a “buy” rating and raised their target price for the company from $50.00 to $54.00 in a research report on Wednesday. Finally, Argus reaffirmed a “buy” rating and set a $52.00 target price on shares of Alliant Energy in a research report on Wednesday, June 5th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $48.56.
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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