Shares of Alliant Energy Corp. (NYSE:LNT) saw strong trading volume on Friday . 5,804,638 shares were traded during mid-day trading, an increase of 253% from the previous session’s volume of 1,643,954 shares.The stock last traded at $38.84 and had previously closed at $39.51.

Several research analysts have recently commented on the company. Argus reaffirmed a “buy” rating on shares of Alliant Energy Corp. in a research note on Saturday, June 4th. Zacks Investment Research raised Alliant Energy Corp. from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Monday, July 11th. Finally, Barclays PLC downgraded Alliant Energy Corp. from an “overweight” rating to an “equal weight” rating and set a $39.00 price objective on the stock. in a research note on Friday, June 10th. They noted that the move was a valuation call. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $38.00.

The stock’s 50 day moving average is $39.75 and its 200 day moving average is $37.11. The firm has a market cap of $8.83 billion and a P/E ratio of 22.33.

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

The company also recently declared a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Friday, July 29th were paid a dividend of $0.2938 per share. The ex-dividend date was Wednesday, July 27th. This represents a $1.18 annualized dividend and a yield of 3.03%.

In other Alliant Energy Corp. news, SVP James H. Gallegos sold 5,000 shares of the business’s 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Other hedge funds have recently bought and sold shares of the company. Schroder Investment Management Group increased its stake in Alliant Energy Corp. by 12.2% in the fourth quarter. Schroder Investment Management Group now owns 563,509 shares of the company’s stock valued at $35,191,000 after buying an additional 61,409 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Alliant Energy Corp. by 12.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 368,848 shares of the company’s stock valued at $23,035,000 after buying an additional 40,256 shares during the last quarter. BlackRock Advisors LLC increased its stake in Alliant Energy Corp. by 9.5% in the fourth quarter. BlackRock Advisors LLC now owns 235,561 shares of the company’s stock valued at $14,711,000 after buying an additional 20,493 shares during the last quarter. Calvert Investment Management Inc. increased its stake in Alliant Energy Corp. by 63.2% in the fourth quarter. Calvert Investment Management Inc. now owns 22,534 shares of the company’s stock valued at $1,407,000 after buying an additional 8,726 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake 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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