Boston Partners raised its stake in shares of Alliant Energy Corporation (NYSE:LNT) by 4.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,484,694 shares of the utilities provider’s stock after buying an additional 140,422 shares during the period. Boston Partners’ holdings in Alliant Energy Corporation were worth $139,980,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of Alliant Energy Corporation by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 526,224 shares of the utilities provider’s stock valued at $19,940,000 after buying an additional 7,720 shares during the period. Teachers Advisors LLC raised 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 valued at $10,665,000 after buying an additional 10,607 shares during the period. Macquarie Group Ltd. raised 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 valued at $7,136,000 after buying an additional 2,900 shares during the period. Chevy Chase Trust Holdings Inc. raised 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 valued at $7,801,000 after buying an additional 6,174 shares during the period. Finally, Raymond James Trust N.A. raised 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 valued at $257,000 after buying an additional 205 shares during the period. 67.68% of the stock is currently owned by institutional investors.

Shares of Alliant Energy Corporation (NYSE:LNT) opened at 41.37 on Friday. 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 $40.63 and a 200-day moving average of $39.84. The firm has a market capitalization of $9.56 billion, a P/E ratio of 24.42 and a beta of 0.41.

Alliant Energy Corporation (NYSE:LNT) last announced its 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 analysts’ expectations of $725.92 million. During the same period in the prior year, the business posted $0.37 earnings per share. The firm’s revenue was up 1.4% on a year-over-year basis. Analysts predict that Alliant Energy Corporation will post $2.01 EPS 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 issued a $0.315 dividend. This represents a $1.26 annualized dividend and a yield of 3.05%. The ex-dividend date is Thursday, July 27th. Alliant Energy Corporation’s payout ratio is presently 74.12%.

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Several research analysts have recently issued reports on LNT shares. UBS AG reaffirmed a “neutral” rating and issued 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 lowered 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 issued a “hold” rating and a $42.00 target price on the stock. Barclays PLC reaffirmed an “equal weight” rating and issued 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 lowered 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 stock. Alliant Energy Corporation currently has an average rating of “Hold” and a consensus target price of $42.33.

In related news, Director Deborah B. Dunie bought 3,700 shares of Alliant Energy Corporation stock in a transaction that occurred on Friday, May 19th. The shares were acquired at an average cost of $39.61 per share, for a total transaction of $146,557.00. Following the completion of the acquisition, the director now directly owns 11,050 shares of the company’s stock, valued at approximately $437,690.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP James H. Gallegos sold 5,000 shares of the company’s stock in a transaction that occurred 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.

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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