Rothschild Asset Management Inc. cut its position in shares of Alliant Energy Corporation (NYSE:LNT) by 0.3% during the second quarter, Holdings Channel reports. The firm owned 14,171 shares of the utilities provider’s stock after selling 39 shares during the period. Rothschild Asset Management Inc.’s holdings in Alliant Energy Corporation were worth $569,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mosaic Family Wealth LLC raised its position 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 period. Huntington National Bank raised its position 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 period. Pacer Advisors Inc. raised its position 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 period. Northwestern Mutual Wealth Management Co. raised its position 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 period. Finally, Savant Capital LLC acquired a new position in Alliant Energy Corporation during the first quarter worth $202,000. 67.68% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Alliant Energy Corporation (NYSE:LNT) opened at 41.37 on Friday. The company’s 50-day moving average is $40.63 and its 200-day moving average is $39.84. Alliant Energy Corporation has a 12-month low of $34.88 and a 12-month high of $42.19. The stock has a market cap of $9.56 billion, a P/E ratio of 24.42 and a beta of 0.41.

Alliant Energy Corporation (NYSE:LNT) last released its earnings results on Thursday, August 3rd. The utilities provider reported $0.41 earnings per share (EPS) 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 quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.37 EPS. On average, equities research analysts anticipate that Alliant Energy Corporation will post $2.01 earnings per share for the current year.

The company 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 dividend payout ratio is 74.12%.

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

In related news, SVP James H. Gallegos sold 5,000 shares of the 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Deborah B. Dunie bought 3,700 shares of Alliant Energy Corporation stock in a transaction that occurred on Friday, May 19th. The stock was purchased at an average cost of $39.61 per share, with a total value of $146,557.00. Following the completion of the acquisition, the director now directly owns 11,050 shares in the company, valued at approximately $437,690.50. The disclosure for this purchase 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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