Swiss National Bank Grows Stake in Alliant Energy Co. (NYSE:LNT)

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.

Alliant Energy (NYSE:LNT) last announced its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.02. Alliant Energy had a return on equity of 11.69% and a net margin of 15.09%. The company had revenue of $987.20 million during the quarter, compared to analyst estimates of $903.85 million. During the same quarter last year, the firm posted $0.52 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. Analysts predict that Alliant Energy Co. will post 2.15 earnings per share for the current fiscal year.

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

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