Monarch Partners Asset Management LLC reduced its position in Alliant Energy Corporation (NYSE:LNT) by 24.3% during the second quarter, Holdings Channel reports. The institutional investor owned 252,994 shares of the utilities provider’s stock after selling 81,332 shares during the period. Monarch Partners Asset Management LLC’s holdings in Alliant Energy Corporation were worth $10,163,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the company. Boston Partners increased its stake in shares of Alliant Energy Corporation by 4.2% in the second quarter. Boston Partners now owns 3,484,694 shares of the utilities provider’s stock worth $139,980,000 after buying an additional 140,422 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Alliant Energy Corporation by 7.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,052,586 shares of the utilities provider’s stock worth $42,283,000 after buying an additional 68,584 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Alliant Energy Corporation by 87.5% in the second quarter. Canada Pension Plan Investment Board now owns 15,000 shares of the utilities provider’s stock worth $603,000 after buying an additional 7,000 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of Alliant Energy Corporation during the second quarter worth about $550,000. Finally, Global X Management Co. LLC increased its stake in shares of Alliant Energy Corporation by 16.3% in the second quarter. Global X Management Co. LLC now owns 11,688 shares of the utilities provider’s stock worth $470,000 after buying an additional 1,638 shares in the last quarter. Institutional investors own 67.68% of the company’s stock.

Shares of Alliant Energy Corporation (NYSE:LNT) opened at 41.63 on Friday. The company has a market capitalization of $9.62 billion, a P/E ratio of 24.57 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 price is $40.64 and its 200 day moving average price is $39.81.

Alliant Energy Corporation (NYSE:LNT) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.02. Alliant Energy Corporation had a return on equity of 11.43% and a net margin of 11.85%. The business had revenue of $765.30 million for the quarter, compared to analyst estimates of $725.92 million. During the same quarter in the prior year, the company posted $0.37 EPS. The company’s quarterly revenue was up 1.4% on a year-over-year basis. On average, equities research analysts forecast that Alliant Energy Corporation will post $2.01 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be paid a $0.315 dividend. This represents a $1.26 annualized dividend and a dividend yield of 3.03%. The ex-dividend date is Thursday, July 27th. Alliant Energy Corporation’s dividend payout ratio (DPR) is presently 74.12%.

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A number of brokerages recently issued reports on LNT. Jefferies Group LLC restated a “hold” rating and issued a $43.00 price target (up from $42.00) on shares of Alliant Energy Corporation in a research report on Wednesday. BidaskClub upgraded Alliant Energy Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research upgraded Alliant Energy Corporation from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Thursday, June 29th. Barclays PLC reiterated an “equal weight” rating and set a $43.00 target price (up from $41.00) on shares of Alliant Energy Corporation in a research report on Thursday, June 1st. Finally, UBS AG reiterated a “neutral” rating and set a $42.00 target price (up from $41.00) on shares of Alliant Energy Corporation in a research report on Wednesday, May 10th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $42.33.

In other Alliant Energy Corporation news, Director Deborah B. Dunie purchased 3,700 shares of the firm’s stock in a transaction dated Friday, May 19th. The shares were acquired at an average price of $39.61 per share, with a total value of $146,557.00. Following the purchase, the director now directly owns 11,050 shares in the company, valued at approximately $437,690.50. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP James H. Gallegos sold 5,000 shares of the company’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $41.25, for a total value of $206,250.00. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

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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