Shares of Alliant Energy Corp. (NYSE:LNT) traded down 2.3% during 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 analysts recently commented on the stock. Argus restated a “buy” rating on shares of Alliant Energy Corp. in a research report on Saturday, June 4th. Barclays PLC lowered shares of Alliant Energy Corp. from an “overweight” rating to an “equal weight” rating and set a $39.00 target price on the stock. in a research report on Friday, June 10th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Alliant Energy Corp. from a “hold” rating to a “sell” rating in a research report on Monday, April 11th. Finally, Robert W. Baird reiterated a “buy” rating on shares of Alliant Energy Corp. in a research report on Friday, April 1st. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Alliant Energy Corp. currently has a consensus rating of “Buy” and an average price target of $36.60.

The firm has a 50-day moving average price of $38.61 and a 200-day moving average price of $35.43. The firm has a market cap of $9.21 billion and a PE ratio of 24.30.

Alliant Energy Corp. (NYSE:LNT) last released its quarterly earnings results on Wednesday, May 4th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.85 by $0.01. The business earned $843.80 million during the quarter, compared to analysts’ expectations of $756.05 million. During the same quarter last year, the company earned $0.87 EPS. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. Equities research analysts anticipate that Alliant Energy Corp. will post $1.90 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Friday, July 29th will be given a $0.2938 dividend. This represents a $1.18 annualized dividend and a yield of 2.90%.

In other Alliant Energy Corp. news, Director Deborah B. Dunie purchased 1,000 shares of Alliant Energy Corp. stock in a transaction that occurred on Tuesday, May 10th. The stock was purchased at an average price 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

A number of institutional investors have recently made changes to their positions in LNT. Ameritas Investment Partners Inc. increased its position in shares of Alliant Energy Corp. by 1.0% in the fourth quarter. Ameritas Investment Partners Inc. now owns 17,109 shares of the company’s stock worth $1,068,000 after buying an additional 168 shares during the last quarter. Johnson Financial Group Inc. increased its position in shares of Alliant Energy Corp. by 1.4% in the fourth quarter. Johnson Financial Group Inc. now owns 20,319 shares of the company’s stock worth $1,269,000 after buying an additional 289 shares during the last quarter. Miller Howard Investments Inc. NY purchased a new position in shares of Alliant Energy Corp. during the fourth quarter worth approximately $1,746,000. Community Financial Services Group LLC increased its position in shares of 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 worth $1,855,000 after buying an additional 403 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of Alliant Energy Corp. by 4.1% in the fourth quarter. Advisors Asset Management Inc. now owns 29,969 shares of the company’s stock worth $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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