Dimensional Fund Advisors LP boosted its position in Alliant Energy Corporation (NYSE:LNT) by 2.1% during the first quarter, Holdings Channel reports. The fund owned 537,303 shares of the utilities provider’s stock after buying an additional 11,079 shares during the period. Dimensional Fund Advisors LP’s holdings in Alliant Energy Corporation were worth $21,282,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of LNT. Teachers Advisors LLC increased its position in shares of Alliant Energy Corporation by 3.9% in the fourth quarter. Teachers Advisors LLC now owns 281,482 shares of the utilities provider’s stock worth $10,665,000 after buying an additional 10,607 shares during the last quarter. Macquarie Group Ltd. increased its position in shares of Alliant Energy Corporation by 1.6% in the fourth quarter. Macquarie Group Ltd. now owns 188,332 shares of the utilities provider’s stock worth $7,136,000 after buying an additional 2,900 shares during the last quarter. Chevy Chase Trust Holdings Inc. increased its position in shares of Alliant Energy Corporation by 3.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 196,964 shares of the utilities provider’s stock worth $7,801,000 after buying an additional 6,174 shares during the last quarter. Raymond James Trust N.A. increased its position in shares of Alliant Energy Corporation by 3.3% in the first quarter. Raymond James Trust N.A. now owns 6,497 shares of the utilities provider’s stock worth $257,000 after buying an additional 205 shares during the last quarter. Finally, Creative Planning increased its position in shares of Alliant Energy Corporation by 2.0% in the first quarter. Creative Planning now owns 28,155 shares of the utilities provider’s stock worth $1,115,000 after buying an additional 540 shares during the last quarter. Hedge funds and other institutional investors own 67.68% of the company’s stock.

Shares of Alliant Energy Corporation (LNT) opened at 41.50 on Thursday. Alliant Energy Corporation has a 12 month low of $34.88 and a 12 month high of $42.19. The company has a 50-day moving average of $40.64 and a 200-day moving average of $39.80. The stock has a market capitalization of $9.59 billion, a PE ratio of 24.50 and a beta of 0.41.

Alliant Energy Corporation (NYSE:LNT) last announced its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The company had revenue of $765.30 million during the quarter, compared to analyst estimates of $725.92 million. Alliant Energy Corporation had a net margin of 11.85% and a return on equity of 11.43%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the business earned $0.37 EPS. On average, equities research analysts expect that Alliant Energy Corporation will post $2.00 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be issued a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a yield of 3.04%. The ex-dividend date is Thursday, July 27th. Alliant Energy Corporation’s dividend payout ratio is currently 74.12%.

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A number of equities analysts recently commented on LNT shares. UBS AG reiterated a “neutral” rating and set a $42.00 target price (up previously from $41.00) on shares of Alliant Energy Corporation in a research note on Wednesday, May 10th. Zacks Investment Research downgraded shares of Alliant Energy Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, May 18th. Jefferies Group LLC started coverage on shares of Alliant Energy Corporation in a research note on Friday, May 26th. They set a “hold” rating and a $42.00 target price for the company. Barclays PLC reiterated an “equal weight” rating and set a $43.00 target price (up previously from $41.00) on shares of Alliant Energy Corporation in a research note on Thursday, June 1st. Finally, BidaskClub downgraded shares of Alliant Energy Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $42.33.

In related news, Director Deborah B. Dunie acquired 3,700 shares of the firm’s stock in a transaction on Friday, May 19th. The stock was bought at an average cost of $39.61 per share, with a total value of $146,557.00. Following the acquisition, the director now directly 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 through this link. Also, SVP James H. Gallegos sold 5,000 shares of the firm’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 owned by company insiders.

About Alliant Energy Corporation

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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