After $0.75 actual earnings per share reported by Alliant Energy Corporation for the previous quarter, Wall Street now forecasts -54.67% negative EPS growth.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock.
Alliant Energy Corporation (LNT) traded down $0.42 during trading on Monday, hitting $43.68. Tredje AP fonden bought a new position in Alliant Energy Corp. during the second quarter valued at approximately $193,000. Veritable L.P. now owns 8,033 shares of the utilities provider's stock valued at $323,000 after acquiring an additional 28 shares in the last quarter. Aviva Public Limited Liability Com has invested 0.03% in Alliant Energy Corporation (NYSE:LNT). California State Teachers Retirement System cut its position by shedding 33,921 shares a decrease of 8.1%. Finally, Meeder Asset Management Inc. raised its holdings in Alliant Energy Corporation by 0.5% in the 2nd quarter. Td Asset Management Inc controls 306,836 shares with a value of $12,755,000.
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These firms have modified their investment in LNT. The stock of Alliant Energy Corporation (NYSE:LNT) has "Hold" rating given on Wednesday, August 12 by Zacks. BidaskClub raised Alliant Energy Corporation from a sell rating to a hold rating in a research note on Monday, July 24th.
Equity analyst Bank of America Corporation released research on LNT giving it an initial rating of "Neutral".
According to Alliant Energy Corporation (LNT) most recent 13F filing, the company has 40 new institutional holders - accounting for 1.4 million shares of its common stock. Alliant Energy Corp. has a consensus rating of Buy and an average target price of $38.75. The insider, RESCHKE WAYNE A, now holds 24,497 shares of LNT. The stock was sold at an average price of $42.83, for a total transaction of $85,660.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Skandinaviska Enskilda Banken AB publ now owns 23,700 shares of the company's stock valued at $941,000 after buying an additional 18,000 shares during the period. Alliant Energy Corporation has a 1 year low of $34.88 and a 1 year high of $44.39. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.51 and a quick ratio of 0.36. Alliant Energy Corp's P/E ratio is 23.77 and market capitalization is 10.19B. Alliant Energy Corporation (LNT) has risen 11.22% since November 13, 2016 and is uptrending. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.88 by ($0.13). The insider now holds 0 shares of Alliant Energy Corporation (LNT). The company had revenue of $907.00 million for the quarter, compared to analysts' expectations of $1.23 billion.
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Also, CEO George Kurian sold 4,570 shares of the business's stock in a transaction that occurred on Wednesday, August 30th. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.32 billion.
Exactech Incorporated (NASDAQ:EXAC) had an increase of 46.27% in short interest. The company provided EPS guidance of $1.89-1.97 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.01.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be issued a dividend of $0.315 per share. The rating was maintained by Citigroup with "Sell" on Monday, October 5. This represents a $1.18 annualized dividend and a dividend yield of 3.17%. Alliant Energy Corporation's dividend payout ratio is presently 67.74%. Of those transactions, there were 88,684 shares of LNT bought and 44,191 shares sold. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of U.S. and worldwide copyright & trademark laws. The original version of this report can be accessed at https://www.truebluetribune.com/2017/11/15/alliant-energy-corporation-lnt-earning-somewhat-positive-press-coverage-report-shows.html. The Company's divisions include Utility and Non-regulated, Parent and Other.
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