Alliant Energy Corporation (NYSE:LNT) Shares Bought by IFP Advisors Inc

IFP Advisors Inc raised its stake in Alliant Energy Corporation (NYSE:LNT) by 9.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,088 shares of the utilities provider’s stock after buying an additional 1,580 shares during the period. IFP Advisors Inc’s holdings in Alliant Energy Corporation were worth $767,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of Alliant Energy Corporation by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 526,224 shares of the utilities provider’s stock valued at $19,940,000 after buying an additional 7,720 shares during the period. Teachers Advisors LLC increased its position in shares of Alliant Energy Corporation by 3.9% in the fourth quarter. Teachers Advisors LLC now owns 281,482 shares of the utilities provider’s stock valued at $10,665,000 after buying an additional 10,607 shares during the period. Macquarie Group Ltd. increased its position in shares of Alliant Energy Corporation by 1.6% in the fourth quarter. Macquarie Group Ltd. now owns 188,332 shares of the utilities provider’s stock valued at $7,136,000 after buying an additional 2,900 shares during the period. Chevy Chase Trust Holdings Inc. increased its position in shares of Alliant Energy Corporation by 3.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 196,964 shares of the utilities provider’s stock valued at $7,801,000 after buying an additional 6,174 shares during the period. Finally, Raymond James Trust N.A. increased its position in shares of Alliant Energy Corporation by 3.3% in the first quarter. Raymond James Trust N.A. now owns 6,497 shares of the utilities provider’s stock valued at $257,000 after buying an additional 205 shares during the period. Hedge funds and other institutional investors own 67.68% of the company’s stock.

Shares of Alliant Energy Corporation (LNT) opened at 41.63 on Friday. The firm’s 50-day moving average price is $40.64 and its 200 day moving average price is $39.81. The stock has a market cap of $9.62 billion, a P/E ratio of 24.57 and a beta of 0.41. Alliant Energy Corporation has a 1-year low of $34.88 and a 1-year high of $42.19.

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

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be issued a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a dividend yield of 3.03%. The ex-dividend date is Thursday, July 27th. Alliant Energy Corporation’s payout ratio is 74.12%.

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Several research analysts recently weighed in on LNT shares. 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 note on Wednesday, May 10th. Zacks Investment Research downgraded Alliant Energy Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, May 18th. Jefferies Group LLC started coverage on Alliant Energy Corporation in a research note on Friday, May 26th. They set a “hold” rating and a $42.00 target price on the stock. 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 note on Thursday, June 1st. Finally, BidaskClub downgraded Alliant Energy Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $42.33.

In other news, Director Deborah B. Dunie acquired 3,700 shares of the company’s stock in a transaction 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 completion of the acquisition, the director now owns 11,050 shares in the company, valued at approximately $437,690.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP James H. Gallegos sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $41.25, for a total value of $206,250.00. The disclosure for this sale 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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