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Principale » Alliancebernstein LP Adjusts Its Investment in Alliant Energy Corp (LNT) Last Quarter

Alliancebernstein LP Adjusts Its Investment in Alliant Energy Corp (LNT) Last Quarter

15 Novembre 2017

Advisor Partners LLC increased its position in Alliant Energy Corp.by 98.7% in the second quarter. The institutional investor purchased 19,120 shares of the utilities provider's stock, valued at approximately $795,000.

Alliant Energy Corporation (LNT) traded down $0.42 during trading on Monday, hitting $43.68.

Alliancebernstein L.P. says it bought 1,343,385 shares in quarter ending 09/30/2017 increasing its exposure to Alliant Energy Corp by 370.8%. Reliance Trust Co. of DE now owns 9,120 shares of the company's stock valued at $362,000 after buying an additional 5,508 shares during the period. Analysts forecast that Alliant Energy Corp. will post $1.89 EPS for the current fiscal year. Of those holders, 186 had increased positions amounting to 13.82 million shares, 197 had decreased positions amounting to 8.27 million shares, and 111 holders have a held position accounting for 138.46 million shares. Advsrs Asset Mgmt Inc holds 19,655 shares.

Several research firms have commented on LNT. Finally, Jefferies Group LLC restated a "hold" rating and issued a $43.00 target price (up previously from $42.00) on shares of Alliant Energy Corporation in a research note on Wednesday, August 9th. Bank of America Corporation started coverage on shares of Alliant Energy Corporation in a research report on Tuesday, October 24th. JP Morgan has "Neutral" rating and $27 target. The stock of Alliant Energy Corporation (NYSE:LNT) earned "Buy" rating by Argus Research on Monday, March 21. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company's stock. The stock now has a consensus rating of "Hold" and a consensus target price of $42.00. The insider, RESCHKE WAYNE A, now holds 24,497 shares of LNT. The total value of its holdings increased 4.7%. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.33% of the company's stock.

Alliant Energy Corporation (NYSE LNT) opened at $44.30 on Tuesday.

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The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website . Ward now forecasts that the auto manufacturer will earn $1.85 per share for the year, up from their prior estimate of $1.70.

News headlines about Alliant Energy Corporation (NYSE:LNT) have been trending somewhat positive recently, Accern Sentiment reports. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.51 and a quick ratio of 0.36. The stock has a market capitalization of $10,099.01, a P/E ratio of 23.36, a PEG ratio of 3.66 and a beta of 0.46.

Alliant Energy Corporation (NYSE:LNT) last issued its earnings results on Thursday, November 2nd. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by $0.01. Alliant Energy Corporation had a net margin of 13.13% and a return on equity of 11.02%. The company had revenue of $907.00 million for the quarter, compared to analysts' expectations of $1.23 billion. During the same period in the previous year, the company posted $0.80 earnings per share. The 1-year high was reported on Nov, 14 by Barchart.com.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Monday, October 31st will be issued a dividend of $0.2938 per share. The ex-dividend date of this dividend is Thursday, October 27th. This represents a $1.26 annualized dividend and a yield of 2.84%. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of United States & worldwide trademark and copyright laws. The original version of this piece of content can be viewed at https://stocknewstimes.com/2017/11/14/19120-shares-in-alliant-energy-corporation-lnt-acquired-by-crossmark-global-holdings-inc.html. Legg Mason Asset Mgmt (Japan) Limited has 0.22% invested in Alliant Energy Corporation (NYSE:LNT) for 6,700 shares. The Company's segments include Utility and Non-regulated, Parent and Other. The Utility segment includes the activities of Interstate Power and Light Company and Wisconsin Power and Light Company (WPL), which serve retail clients in Iowa and Wisconsin.

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Alliancebernstein LP Adjusts Its Investment in Alliant Energy Corp (LNT) Last Quarter