Victory Capital Management, Inc. has recently announced that it has increased stake in Alliant Energy Corp. (NASDAQ:LNT) by 3.31%. After grabbing 8.69 million shares, the institutional investor is now in possession of 0.28 million shares of the Utilities Company. The new investment brought the stake of investor firm to 3.41% having worth around $445.77 million. Moreover, Janus Henderson Investors US LLC increased its share by 2.23 million to have a control over 8.04 million shares. And Geode Capital Management LLC raised its holdings to 0.13 million shares by acquiring 5.89 million shares or 2.31% of the stake.
Alliant Energy Corp. (LNT) concluded trading on Thursday at a closing price of $48.75, with 2.7 million shares of worth about $131.48 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -12.41% during that period and on Thursday, January 25 the price saw a gain of about 1.27%. Currently the company’s common shares owned by public are about 255.18M shares, out of which, 254.73M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 19 times over the past 12 months. They bought 161,280 shares in 13 of the transactions. In 6 selling transactions, insiders dumped 64,034 shares.
Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and Victory Sycamore Established Valu are the top 3 mutual funds which are holding stakes in Alliant Energy Corp. Vanguard Total Stock Market ETF is currently holding 7.91 million shares of worth totaling $405.76 million. The company recently came buying 5094.0 shares which brought its stake up to 3.10% of the company’s outstanding shares. Vanguard 500 Index Fund bought 75385.0 shares, after which its hold over company’s outstanding shares expand to 2.44%, leaving 6.23 million shares with the mutual fund that have a worth of about $319.69 million. Victory Sycamore Established Valu, after buying 5.84 million shares, have now control over 2.29% of the stake in the company. It holds 0.27 million shares of worth $299.85 million.
However, the stock later moved at a day high price of 48.92, or with a gain of 1.27%. Stock saw a price change of -0.61% in past 5 days and over the past one month there was a price change of -4.30%. Year-to-date (YTD), LNT shares are showing a performance of -4.97% which decreased to -10.27% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $45.15 but also hit the highest price of $56.26 during that period. The average intraday trading volume for Alliant Energy Corp. shares is 1.83 million. The stock is currently trading -3.66% below its 20-day simple moving average (SMA20), while that difference is down -3.50% for SMA50 and it goes to -5.54% lower than SMA200.
Victory Capital Management, Inc. acquired 8.69 million shares of Alliant Energy Corp. having value of about $445.77 million. Data submitted at the U.S SEC by Victory Capital Management, Inc. revealed that the firm now holds 0.28 million shares in the company valued at close to $13572292.5, or have control over 3.31% stake in the company. Alliant Energy Corp. (NASDAQ: LNT) currently have 255.18M outstanding shares and institutions hold larger chunk of about 79.44% of that. Holding of mutual funds in the company is about 26.90% while other institutional holders and individual stake holders have control over 52.75% and 0.81% of the stake respectively.
The stock has a current market capitalization of $12.44B and its 3Y-monthly beta is at 0.54. PE ratio of stock for trailing 12 months is 17.83, while it has posted earnings per share of $2.73 in the same period. Its PEG reads 2.68 and has Quick Ratio of 0.54 while making debt-to-equity ratio of 1.39. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LNT, volatility over the week remained 1.68% while standing at 1.53% over the month.
Analysts are in expectations that Alliant Energy Corp. (LNT) stock would likely to be making an EPS of $0.56 in the current quarter, while forecast for next quarter EPS is $0.64 and it is $3.07 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.52 which is $0.62 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.47 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 2.93% while it is estimated to increase by 6.52% in next year. EPS is likely to grow at an annualized rate of 6.65% for next 5-years, compared to annual growth of 6.52% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BMO Capital Markets on January 11, 2024 offering a Market perform rating for the stock and assigned a target price of $55 to it.
