Public Employees Retirement Association of Colorado reduced its position in Alliant Energy Corporation (NYSE:LNT) by 0.1% during the second quarter, Holdings Channel reports. The institutional investor owned 46,761 shares of the utilities provider’s stock after selling 35 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Alliant Energy Corporation were worth $1,878,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Mosaic Family Wealth LLC raised 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 worth $127,000 after buying an additional 27 shares during the last quarter. Huntington National Bank raised 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 worth $133,000 after buying an additional 2,292 shares during the last quarter. Pacer Advisors Inc. raised 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 worth $170,000 after buying an additional 132 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised 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 worth $183,000 after buying an additional 1,203 shares during the last quarter. Finally, Reliance Trust Co. of Delaware bought a new stake in Alliant Energy Corporation during the first quarter worth approximately $202,000. Institutional investors own 67.68% of the company’s stock.

Shares of Alliant Energy Corporation (NYSE LNT) opened at 41.63 on Friday. The stock has a market capitalization of $9.62 billion, a price-to-earnings 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 company has a 50-day moving average price of $40.64 and a 200-day moving average price of $39.81.

Alliant Energy Corporation (NYSE:LNT) last posted its quarterly earnings results 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. Alliant Energy Corporation had a return on equity of 11.43% and a net margin of 11.85%. The firm had revenue of $765.30 million during the quarter, compared to analysts’ expectations of $725.92 million. During the same quarter in the previous year, the business earned $0.37 earnings per share. The company’s revenue was up 1.4% on a year-over-year basis. On average, equities analysts anticipate that Alliant Energy Corporation will post $2.00 earnings per share for the current year.

The company also recently disclosed 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. This represents a $1.26 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend is Thursday, July 27th. Alliant Energy Corporation’s dividend payout ratio (DPR) is presently 74.12%.

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

In other news, Director Deborah B. Dunie acquired 3,700 shares of Alliant Energy Corporation stock in a transaction that occurred on Friday, May 19th. The stock was bought 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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. 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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