UMB Bank N A MO reduced its stake in Alliant Energy Corporation (NYSE:LNT) by 2.6% during the second quarter, Holdings Channel reports. The firm owned 63,840 shares of the utilities provider’s stock after selling 1,700 shares during the period. UMB Bank N A MO’s holdings in Alliant Energy Corporation were worth $2,564,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Rhumbline Advisers raised its position in Alliant Energy Corporation by 1.6% in the second quarter. Rhumbline Advisers now owns 433,902 shares of the utilities provider’s stock valued at $17,430,000 after buying an additional 7,028 shares during the period. DekaBank Deutsche Girozentrale raised its position in Alliant Energy Corporation by 6.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 28,418 shares of the utilities provider’s stock valued at $1,189,000 after buying an additional 1,735 shares during the period. First Trust Advisors LP raised its position in Alliant Energy Corporation by 24.0% in the second quarter. First Trust Advisors LP now owns 1,166,730 shares of the utilities provider’s stock valued at $46,868,000 after buying an additional 225,664 shares during the period. Boston Partners raised its position in Alliant Energy Corporation by 4.2% in the second quarter. Boston Partners now owns 3,484,694 shares of the utilities provider’s stock valued at $139,980,000 after buying an additional 140,422 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in Alliant Energy Corporation by 7.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,052,586 shares of the utilities provider’s stock valued at $42,283,000 after buying an additional 68,584 shares during the period. 67.68% of the stock is owned by hedge funds and other institutional investors.

Shares of Alliant Energy Corporation (NYSE:LNT) opened at 41.37 on Friday. The stock’s 50 day moving average is $40.63 and its 200 day moving average is $39.84. Alliant Energy Corporation has a 1-year low of $34.88 and a 1-year high of $42.19. The company has a market capitalization of $9.56 billion, a PE ratio of 24.42 and a beta of 0.41.

Alliant Energy Corporation (NYSE:LNT) last posted its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate 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 analyst estimates of $725.92 million. During the same period in the prior year, the firm posted $0.37 EPS. The company’s quarterly revenue was up 1.4% on a year-over-year basis. On average, equities research analysts anticipate that Alliant Energy Corporation will post $2.01 EPS for the current fiscal year.

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

ILLEGAL ACTIVITY WARNING: This piece was originally posted by Watch List News and is the sole property of of Watch List News. If you are reading this piece on another site, it was stolen and republished in violation of international trademark and copyright law. The original version of this piece can be viewed at https://www.watchlistnews.com/umb-bank-n-a-mo-sells-1700-shares-of-alliant-energy-corporation-lnt/1478713.html.

Several research firms recently issued reports on LNT. Jefferies Group LLC reissued a “hold” rating and issued a $43.00 price target (up previously from $42.00) on shares of Alliant Energy Corporation in a research report on Wednesday. BidaskClub raised shares of Alliant Energy Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research raised shares of Alliant Energy Corporation from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research report on Thursday, June 29th. Barclays PLC reissued an “equal weight” rating and issued a $43.00 price target (up previously from $41.00) on shares of Alliant Energy Corporation in a research report on Thursday, June 1st. Finally, UBS AG reaffirmed 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $42.33.

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

Want to see what other hedge funds are holding LNT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alliant Energy Corporation (NYSE:LNT).

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

Receive News & Ratings for Alliant Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliant Energy Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.