New Mexico Educational Retirement Board lowered its stake in Alliant Energy Corporation (NYSE:LNT) by 8.2% during the second quarter, Holdings Channel reports. The fund owned 21,200 shares of the utilities provider’s stock after selling 1,900 shares during the period. New Mexico Educational Retirement Board’s holdings in Alliant Energy Corporation were worth $859,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mosaic Family Wealth LLC raised its position in shares of Alliant Energy Corporation by 0.8% in the first quarter. Mosaic Family Wealth LLC now owns 3,212 shares of the utilities provider’s stock valued at $127,000 after buying an additional 27 shares during the last quarter. Huntington National Bank raised its position in shares of Alliant Energy Corporation by 229.2% in the second quarter. Huntington National Bank now owns 3,292 shares of the utilities provider’s stock valued at $133,000 after buying an additional 2,292 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Alliant Energy Corporation by 3.2% in the first quarter. Pacer Advisors Inc. now owns 4,281 shares of the utilities provider’s stock valued at $170,000 after buying an additional 132 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Alliant Energy Corporation by 35.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,642 shares of the utilities provider’s stock valued at $183,000 after buying an additional 1,203 shares during the last quarter. Finally, Savant Capital LLC bought a new position in shares of Alliant Energy Corporation during the first quarter valued at $202,000. Institutional investors own 67.26% of the company’s stock.

Shares of Alliant Energy Corporation (NYSE:LNT) opened at 41.91 on Wednesday. The stock has a 50 day moving average of $40.64 and a 200 day moving average of $39.96. The firm has a market capitalization of $9.68 billion, a price-to-earnings ratio of 24.74 and a beta of 0.41. 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 released its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. Alliant Energy Corporation had a net margin of 11.85% and a return on equity of 11.43%. The company had revenue of $765.30 million for the quarter, compared to the consensus estimate of $725.92 million. During the same period in the previous year, the firm earned $0.37 EPS. Alliant Energy Corporation’s revenue was up 1.4% on a year-over-year basis. On average, analysts predict that Alliant Energy Corporation will post $2.01 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st were given a dividend of $0.315 per share. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 3.01%. Alliant Energy Corporation’s dividend payout ratio (DPR) is 74.12%.

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Several research analysts have weighed in on the stock. UBS AG restated a “neutral” rating and set a $42.00 target price (up from $41.00) on shares of Alliant Energy Corporation in a research report on Wednesday, May 10th. BidaskClub upgraded shares of Alliant Energy Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Jefferies Group LLC restated a “hold” rating and set a $43.00 target price (up from $42.00) on shares of Alliant Energy Corporation in a research report on Wednesday, August 9th. Zacks Investment Research upgraded shares of Alliant Energy Corporation from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research report on Thursday, June 29th. Finally, Barclays PLC restated an “equal weight” rating and set a $43.00 target price (up from $41.00) on shares of Alliant Energy Corporation in a research report on Thursday, June 1st. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Alliant Energy Corporation has an average rating of “Hold” and an average target price of $42.33.

In other Alliant Energy Corporation news, Director Deborah B. Dunie acquired 3,700 shares of the stock in a transaction dated Friday, May 19th. The shares were bought at an average price of $39.61 per share, with a total value of $146,557.00. Following the purchase, the director now directly owns 11,050 shares of the company’s stock, valued at approximately $437,690.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP James H. Gallegos sold 5,000 shares of Alliant Energy Corporation stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $41.25, for a total transaction of $206,250.00. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by 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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