The investment manoeuvres of various institutions in Alliant Energy Co. (NASDAQ:LNT) are noteworthy. Delos Wealth Advisors LLC and Renaissance Technologies LLC increased their positions, while UMB Bank n.a., Massachusetts Financial Services Co. MA, and DekaBank Deutsche Girozentrale lessened theirs. Johnson Investment Counsel Inc. and Van ECK Associates Corp also bought shares, demonstrating confidence in the stock. Alliant’s stock value hit a 52-week high, perhaps aided by institutional owners making up 80% of shareholding. Despite fluctuating performance, the company retains a healthy return on equity (ROE) of 9.2%. Though its Q2 earnings and revenue estimates fell short, Alliant’s price target has been raised; this, coupled with a declared quarterly common stock dividend, should spur interest.
Additionally, the company is executing power supply deals with data centres, enhancing their network utility significantly. However, weak market performance and quarterly revenue decline of 17.09% need addressing. It's affirmed the Executive Chairman's retirement in 2025 and announced a stock split with Shares setting a new 12-month high, inciting market interest. Finally, its stock began trading on Nasdaq, marking a considerable leap for Alliant.
Alliant Energy Stocks LNT News Analytics from Wed, 24 Apr 2013 07:00:00 GMT to Sun, 22 Sep 2024 10:50:25 GMT - Rating 5 - Innovation -8 - Information 9 - Rumor -2
