Sumitomo Mitsui Asset Management Company LTD cut its stake in shares of Alliant Energy Corporation (NYSE:LNT) by 10.2% during the second quarter, Holdings Channel reports. The fund owned 17,671 shares of the utilities provider’s stock after selling 2,003 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Alliant Energy Corporation were worth $709,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Mosaic Family Wealth LLC boosted its stake in Alliant Energy Corporation by 0.8% in the first quarter. Mosaic Family Wealth LLC now owns 3,212 shares of the utilities provider’s stock valued at $127,000 after buying an additional 27 shares during the period. Huntington National Bank boosted its stake in Alliant Energy Corporation by 229.2% in the second quarter. Huntington National Bank now owns 3,292 shares of the utilities provider’s stock valued at $133,000 after buying an additional 2,292 shares during the period. Pacer Advisors Inc. boosted its stake in Alliant Energy Corporation by 3.2% in the first quarter. Pacer Advisors Inc. now owns 4,281 shares of the utilities provider’s stock valued at $170,000 after buying an additional 132 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Alliant Energy Corporation by 35.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,642 shares of the utilities provider’s stock valued at $183,000 after buying an additional 1,203 shares during the period. Finally, Reliance Trust Co. of Delaware bought a new stake in Alliant Energy Corporation during the first quarter valued at $202,000. 67.68% of the stock is owned by hedge funds and other institutional investors.

Shares of Alliant Energy Corporation (NYSE LNT) opened at 41.57 on Wednesday. The stock has a market cap of $9.47 billion, a PE ratio of 25.16 and a beta of 0.41. Alliant Energy Corporation has a 52-week low of $34.88 and a 52-week high of $42.19. The stock’s 50 day moving average is $40.69 and its 200 day moving average is $39.70.

Alliant Energy Corporation (NYSE:LNT) last issued its earnings results on Thursday, August 3rd. The utilities provider reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.02. Alliant Energy Corporation had a net margin of 11.85% and a return on equity of 11.43%. The firm had revenue of $765.30 million during the quarter, compared to analyst estimates of $725.92 million. During the same quarter in the prior year, the business earned $0.37 earnings per share. Alliant Energy Corporation’s revenue for the quarter was up 1.4% on a year-over-year basis. Equities research analysts forecast that Alliant Energy Corporation will post $2.00 earnings per share for the current year.

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

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Several analysts have recently weighed in on LNT shares. BidaskClub cut shares of Alliant Energy Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. Barclays PLC restated an “equal weight” rating and set a $43.00 price objective (up previously from $41.00) on shares of Alliant Energy Corporation in a research report on Thursday, June 1st. Zacks Investment Research upgraded shares of Alliant Energy Corporation from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Friday, May 19th. Jefferies Group LLC started coverage on shares of Alliant Energy Corporation in a research report on Friday, May 26th. They set a “hold” rating and a $42.00 price objective on the stock. Finally, UBS AG restated a “neutral” rating and set a $42.00 price objective (up previously from $41.00) on shares of Alliant Energy Corporation in a research report on Wednesday, May 10th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $42.17.

In related news, Director Deborah B. Dunie bought 3,700 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The stock was purchased at an average price of $39.61 per share, for a total transaction of $146,557.00. Following the completion of the transaction, the director now owns 11,050 shares in the company, valued at $437,690.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP James H. Gallegos sold 5,000 shares of the company’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $41.25, for a total transaction of $206,250.00. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by corporate insiders.

Alliant Energy Corporation Company Profile

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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