Advisor Partners LLC increased its stake in Alliant Energy Corporation (NYSE:LNT) by 3.9% during the second quarter, Holdings Channel reports. The fund owned 9,607 shares of the utilities provider’s stock after buying an additional 362 shares during the period. Advisor Partners LLC’s holdings in Alliant Energy Corporation were worth $386,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Alliant Energy Corporation by 3.5% in the first quarter. Vanguard Group Inc. now owns 23,094,217 shares of the utilities provider’s stock valued at $914,762,000 after buying an additional 770,456 shares during the last quarter. BlackRock Inc. increased its stake in Alliant Energy Corporation by 2,934.0% in the first quarter. BlackRock Inc. now owns 18,092,905 shares of the utilities provider’s stock valued at $716,659,000 after buying an additional 17,496,557 shares during the last quarter. FMR LLC increased its stake in Alliant Energy Corporation by 25.0% in the first quarter. FMR LLC now owns 6,791,770 shares of the utilities provider’s stock valued at $269,021,000 after buying an additional 1,356,522 shares during the last quarter. Victory Capital Management Inc. increased its stake in Alliant Energy Corporation by 8.4% in the first quarter. Victory Capital Management Inc. now owns 3,818,121 shares of the utilities provider’s stock valued at $151,237,000 after buying an additional 295,956 shares during the last quarter. Finally, Boston Partners increased its stake in Alliant Energy Corporation by 1.6% in the first quarter. Boston Partners now owns 3,344,272 shares of the utilities provider’s stock valued at $132,467,000 after buying an additional 52,682 shares during the last quarter. Institutional investors and hedge funds own 67.68% of the company’s stock.

Alliant Energy Corporation (NYSE:LNT) opened at 41.51 on Thursday. The firm has a market capitalization of $9.46 billion, a P/E ratio of 25.13 and a beta of 0.41. The company’s 50-day moving average is $40.64 and its 200-day moving average is $39.80. Alliant Energy Corporation has a 52-week low of $34.88 and a 52-week high of $42.19.

Alliant Energy Corporation (NYSE:LNT) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.02. The firm had revenue of $765.30 million during the quarter, compared to analysts’ expectations of $725.92 million. Alliant Energy Corporation had a net margin of 11.85% and a return on equity of 11.43%. Alliant Energy Corporation’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.37 EPS. On average, analysts predict that Alliant Energy Corporation will post $2.00 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be paid a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend is Thursday, July 27th. Alliant Energy Corporation’s dividend payout ratio is currently 74.12%.

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LNT has been the subject of several research reports. Zacks Investment Research downgraded shares of Alliant Energy Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, May 18th. BidaskClub upgraded shares of Alliant Energy Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Jefferies Group LLC initiated coverage on shares of Alliant Energy Corporation in a research note on Friday, May 26th. They set a “hold” rating and a $42.00 price objective for the company. Barclays PLC reiterated an “equal weight” rating and set a $43.00 price objective (up from $41.00) on shares of Alliant Energy Corporation in a research note on Thursday, June 1st. Finally, UBS AG reiterated a “neutral” rating and set a $42.00 price objective (up from $41.00) on shares of Alliant Energy Corporation in a research note on Wednesday, May 10th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $42.33.

In related news, SVP James H. Gallegos sold 5,000 shares of the stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $41.25, for a total transaction of $206,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Deborah B. Dunie purchased 3,700 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The shares were acquired at an average price of $39.61 per share, with a total value of $146,557.00. Following the purchase, the director now owns 11,050 shares in the company, valued at $437,690.50. The disclosure for this purchase can be found here. 0.33% of the stock is owned by corporate insiders.

Alliant Energy Corporation Company Profile

Alliant Energy Corporation operates as a regulated investor-owned public utility holding company. The Company’s segments include Utility and Non-regulated, Parent and Other. The Utility segment includes the operations of Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL), which serve retail customers in Iowa and Wisconsin.

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Institutional Ownership by Quarter for Alliant Energy Corporation (NYSE:LNT)

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