Alliant Energy Corp. (NYSE:LNT)’s share price gapped up prior to trading on Friday . The stock had previously closed at $39.35, but opened at $39.40. Alliant Energy Corp. shares last traded at $39.59, with a volume of 461,830 shares changing hands.

A number of brokerages have issued reports on LNT. Zacks Investment Research raised Alliant Energy Corp. from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Monday, July 11th. Barclays PLC lowered 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. Finally, Argus reaffirmed a “buy” rating on shares of Alliant Energy Corp. in a research report on Saturday, June 4th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $38.00.

The stock has a market capitalization of $8.99 billion and a price-to-earnings ratio of 22.74. The firm’s 50 day moving average price is $39.86 and its 200 day moving average price is $36.86.

Alliant Energy Corp. (NYSE:LNT) last issued its earnings results on Monday, August 1st. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by $0.01. During the same quarter in the prior year, the firm posted $0.31 earnings per share. The business earned $754.60 million during the quarter, compared to the consensus estimate of $593.06 million. Alliant Energy Corp.’s revenue was up 5.2% on a year-over-year basis. Analysts predict that Alliant Energy Corp. will post $1.90 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Friday, July 29th will be issued a dividend of $0.2938 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend is Wednesday, July 27th.

In other news, SVP James H. Gallegos sold 5,000 shares of the stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $40.29, for a total transaction of $201,450.00. The sale was disclosed in a document filed with the SEC, which is available at this link.

Several hedge funds and institutional investors recently modified their holdings of LNT. Utah Retirement Systems raised its position in shares of Alliant Energy Corp. by 0.5% in the fourth quarter. Utah Retirement Systems now owns 20,295 shares of the company’s stock worth $1,268,000 after buying an additional 100 shares in the last quarter. Calvert Investment Management Inc. raised its position in shares of Alliant Energy Corp. by 63.2% in the fourth quarter. Calvert Investment Management Inc. now owns 22,534 shares of the company’s stock worth $1,407,000 after buying an additional 8,726 shares in the last quarter. Advisors Asset Management Inc. raised 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 in the last quarter. Suntrust Banks Inc. raised its position in shares of Alliant Energy Corp. by 12.1% in the fourth quarter. Suntrust Banks Inc. now owns 36,503 shares of the company’s stock worth $2,278,000 after buying an additional 3,949 shares in the last quarter. Finally, Bank of Montreal Can raised its position in shares of Alliant Energy Corp. by 5.4% in the fourth quarter. Bank of Montreal Can now owns 57,367 shares of the company’s stock worth $3,582,000 after buying an additional 2,931 shares in 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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