November 29, 2016 - By kentuckypostne · 0 Comments
Alliant Energy Corp (NYSE:LNT) institutional sentiment decreased to 1.03 in 2016 Q2. Its down -0.14, from 1.17 in 2016Q1. The ratio has worsened, as 183 investment professionals opened new or increased holdings, while 156 sold and reduced stakes in Alliant Energy Corp. The investment professionals in our partner’s database now own: 289.44 million shares, up from 73.85 million shares in 2016Q1. Also, the number of investment professionals holding Alliant Energy Corp in their top 10 holdings was flat from 4 to 4 for the same number . Sold All: 29 Reduced: 127 Increased: 126 New Position: 57.
Alliant Energy Corporation is a regulated investor-owned public utility holding company. The company has a market cap of $8.61 billion. The Firm provides regulated electric and natural gas services in Iowa and Wisconsin. It has a 24.33 P/E ratio. The Company’s business divisions are Utility and Non-regulated, Parent and Other.
The stock closed at $37.09 during the last session. It is down 7.43% since April 26, 2016 and is uptrending. It has outperformed by 2.17% the S&P500.
Analysts await Alliant Energy Corporation (NYSE:LNT) to report earnings on February, 27. They expect $0.21 EPS, up 31.25% or $0.05 from last year’s $0.16 per share. LNT’s profit will be $48.75 million for 44.15 P/E if the $0.21 EPS becomes a reality. After $0.80 actual EPS reported by Alliant Energy Corporation for the previous quarter, Wall Street now forecasts -73.75% negative EPS growth.
According to Zacks Investment Research, “Alliant Energy Corp. is a growing energy-services provider with operations both domestically and internationally. Alliant Energy provides electric, natural gas, water and steam services to customers worldwide. Alliant Energy Resources, Inc., the home of the company’s non-regulated businesses, has operations and investments throughout the United States as well as in Australia, Brazil, China, Mexico and New Zealand. (Company Press Release)”
United Fire Group Inc holds 3.89% of its portfolio in Alliant Energy Corporation for 244,400 shares. Godsey & Gibb Associates owns 398,172 shares or 2.87% of their US portfolio. Moreover, Symons Capital Management Inc has 2.82% invested in the company for 305,337 shares. The Florida-based Huff W R Asset Management Co Llc De has invested 1.79% in the stock. Grace & White Inc Ny, a New York-based fund reported 198,448 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 1 insider purchase, and 1 insider sale for $151,188 net activity.
Ratings analysis reveals 75% of Alliant Energy’s analysts are positive. Out of 4 Wall Street analysts rating Alliant Energy, 3 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $39 while the high is $77. The stock’s average target of $55 is 48.29% above today’s ($37.09) share price. LNT was included in 10 notes of analysts from August 7, 2015. Wolfe Research downgraded the stock to “Outperform” rating in Friday, August 7 report. The stock of Alliant Energy Corporation (NYSE:LNT) earned “Buy” rating by Argus Research on Thursday, August 25. Zacks upgraded it to “Hold” rating and $69 target price in Wednesday, August 12 report. The rating was maintained by Argus Research on Monday, March 21 with “Buy”. The stock of Alliant Energy Corporation (NYSE:LNT) has “Equal-Weight” rating given on Friday, June 10 by Barclays Capital. Barclays Capital maintained the shares of LNT in a report on Friday, March 18 with “Overweight” rating. Wells Fargo upgraded Alliant Energy Corporation (NYSE:LNT) on Monday, November 16 to “Outperform” rating.
Alliant Energy Corporation (Alliant Energy), incorporated on April 22, 1981, is a regulated investor-owned public utility holding company. The Firm provides regulated electric and natural gas services to its clients in Iowa and Wisconsin. The Companyâ€™s business divisions are Utility and Non-regulated, Parent and Other. The Utility segment includes the activities of Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL). The utility business segment includes utility electric operations, utility gas activities and utility other, which includes steam activities and the unallocated portions of the utility business. The Companyâ€™s Non-regulated, Parent and Other segment includes the activities of Alliant Energy Resources, LLC (Resources) and its subsidiaries; Alliant Energy Corporate Services, Inc. (Corporate Services); the Alliant Energy parent company, and any Alliant Energy parent firm consolidating adjustments.
More recent Alliant Energy Corporation (NYSE:LNT) news were published by: Prnewswire.com which released: “Alliant Energy names Barbara Tormaschy Vice President of Finance” on October 25, 2016. Also Prnewswire.com published the news titled: “Alliant Energy reaches agreement with customer groups on proposed wind project” on October 12, 2016. Prnewswire.com‘s news article titled: “Alliant Energy announces 2-for-1 stock split” with publication date: April 20, 2016 was also an interesting one.
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