Alliant Energy Corp. (NYSE:LNT)’s share price was down 2.3% during mid-day trading on Thursday . The stock traded as low as $39.69 and last traded at $39.83, with a volume of 2,485,169 shares changing hands. The stock had previously closed at $40.78.

Several equities analysts have issued reports on LNT shares. Zacks Investment Research lowered Alliant Energy Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, April 20th. Robert W. Baird reissued a “buy” rating on shares of Alliant Energy Corp. in a research note on Friday, April 1st. Argus boosted their price target on Alliant Energy Corp. from $33.50 to $38.50 and gave the company a “buy” rating in a research note on Monday, March 21st. Finally, Barclays PLC boosted their price target on Alliant Energy Corp. from $36.50 to $38.50 and gave the company an “overweight” rating in a research note on Friday, March 18th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $36.60.

The stock has a 50 day moving average of $38.47 and a 200 day moving average of $35.36. The company has a market capitalization of $9.05 billion and a price-to-earnings ratio of 23.88.

Alliant Energy Corp. (NYSE:LNT) last posted its quarterly earnings results on Wednesday, May 4th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.01. The company had revenue of $843.80 million for the quarter, compared to the consensus estimate of $756.05 million. During the same quarter in the previous year, the business earned $0.87 earnings per share. Alliant Energy Corp.’s revenue was down 6.0% compared to the same quarter last year. Analysts forecast that Alliant Energy Corp. will post $1.90 EPS for the current fiscal year.

In related news, Director Deborah B. Dunie purchased 1,000 shares of Alliant Energy Corp. stock in a transaction that occurred on Tuesday, May 10th. The shares were acquired at an average cost of $73.11 per share, for a total transaction of $73,110.00. Following the transaction, the director now directly owns 3,000 shares in the company, valued at $219,330. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Other institutional investors recently bought and sold shares of the company. Ameritas Investment Partners Inc. raised its position in Alliant Energy Corp. by 1.0% in the fourth quarter. Ameritas Investment Partners Inc. now owns 17,109 shares of the company’s stock valued at $1,068,000 after buying an additional 168 shares during the last quarter. Johnson Financial Group Inc. raised its position in Alliant Energy Corp. by 1.4% in the fourth quarter. Johnson Financial Group Inc. now owns 20,319 shares of the company’s stock valued at $1,269,000 after buying an additional 289 shares during the last quarter. Miller Howard Investments Inc. NY bought a new position in Alliant Energy Corp. during the fourth quarter valued at about $1,746,000. Community Financial Services Group LLC raised its position in Alliant Energy Corp. by 1.4% in the fourth quarter. Community Financial Services Group LLC now owns 29,700 shares of the company’s stock valued at $1,855,000 after buying an additional 403 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its position in Alliant Energy Corp. by 4.1% in the fourth quarter. Advisors Asset Management Inc. now owns 29,969 shares of the company’s stock valued at $1,872,000 after buying an additional 1,186 shares during the last quarter.

Alliant Energy Corporation (Alliant Energy) is a regulated investor-owned public utility holding company. The Company provides regulated electric and natural gas services in Iowa and Wisconsin. The Company’s business segments are 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).

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