Sei Investments Co. boosted its position in shares of Alliant Energy Corporation (NYSE:LNT) by 33.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 209,135 shares of the utilities provider’s stock after buying an additional 52,886 shares during the period. Sei Investments Co.’s holdings in Alliant Energy Corporation were worth $8,401,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LNT. Mosaic Family Wealth LLC increased 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 worth $127,000 after buying an additional 27 shares during the period. Huntington National Bank increased 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 worth $133,000 after buying an additional 2,292 shares during the period. Pacer Advisors Inc. increased 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 worth $170,000 after buying an additional 132 shares during the period. Northwestern Mutual Wealth Management Co. increased 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 worth $183,000 after buying an additional 1,203 shares during the period. Finally, Reliance Trust Co. of Delaware purchased a new position in shares of Alliant Energy Corporation during the first quarter worth approximately $202,000. 67.68% of the stock is owned by institutional investors.

Shares of Alliant Energy Corporation (NYSE LNT) opened at 41.37 on Friday. The company has a market cap of $9.56 billion, a P/E ratio of 24.42 and a beta of 0.41. Alliant Energy Corporation has a one year low of $34.88 and a one year high of $42.19. The company’s 50 day moving average is $40.63 and its 200 day moving average is $39.84.

Alliant Energy Corporation (NYSE:LNT) last posted its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.41 earnings per share (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 business had revenue of $765.30 million during the quarter, compared to the consensus estimate of $725.92 million. During the same quarter last year, the company posted $0.37 earnings per share. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, equities analysts predict that Alliant Energy Corporation will post $2.01 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be issued a dividend of $0.315 per share. The ex-dividend date is Thursday, July 27th. This represents a $1.26 dividend on an annualized basis and a yield of 3.05%. Alliant Energy Corporation’s dividend payout ratio (DPR) is presently 74.12%.

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LNT has been the subject of several research analyst reports. Zacks Investment Research raised shares of Alliant Energy Corporation from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a report on Friday, May 19th. Barclays PLC reaffirmed an “equal weight” rating and set a $43.00 target price (up previously from $41.00) on shares of Alliant Energy Corporation in a report on Thursday, June 1st. Jefferies Group LLC reaffirmed a “hold” rating and set a $43.00 target price (up previously from $42.00) on shares of Alliant Energy Corporation in a report on Wednesday. BidaskClub raised shares of Alliant Energy Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Finally, UBS AG reaffirmed a “neutral” rating and set a $42.00 target price (up previously from $41.00) on shares of Alliant Energy Corporation in a report on Wednesday, May 10th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $42.33.

In related news, SVP James H. Gallegos sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $41.25, for a total transaction of $206,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Deborah B. Dunie acquired 3,700 shares of the firm’s stock in a transaction that occurred on 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 acquisition, the director now directly owns 11,050 shares of the company’s stock, valued at approximately $437,690.50. The disclosure for this purchase can be found here. Company insiders own 0.33% of the company’s stock.

About Alliant Energy Corporation

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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