First Trust Advisors LP raised its stake in shares of Alliant Energy Corporation (NYSE:LNT) by 24.0% during the second quarter, Holdings Channel reports. The firm owned 1,166,730 shares of the utilities provider’s stock after buying an additional 225,664 shares during the period. First Trust Advisors LP’s holdings in Alliant Energy Corporation were worth $46,868,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Mosaic Family Wealth LLC raised its stake in shares of 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 valued at $127,000 after buying an additional 27 shares during the period. Huntington National Bank raised its stake in shares of Alliant Energy Corporation by 229.2% in the second quarter. Huntington National Bank now owns 3,292 shares of the utilities provider’s stock valued at $133,000 after buying an additional 2,292 shares during the period. Pacer Advisors Inc. raised its stake in shares of Alliant Energy Corporation by 3.2% in the first quarter. Pacer Advisors Inc. now owns 4,281 shares of the utilities provider’s stock valued at $170,000 after buying an additional 132 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of 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 valued at $183,000 after buying an additional 1,203 shares during the period. Finally, Savant Capital LLC purchased a new position in Alliant Energy Corporation during the first quarter worth $202,000. Institutional investors own 67.68% of the company’s stock.

Alliant Energy Corporation (LNT) opened at 41.37 on Friday. The company has a market capitalization of $9.56 billion, a price-to-earnings ratio of 24.42 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 firm has a 50 day moving average of $40.63 and a 200-day moving average of $39.84.

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

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be paid a dividend of $0.315 per share. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.26 annualized dividend and a yield of 3.05%. Alliant Energy Corporation’s dividend payout ratio (DPR) is presently 74.12%.

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A number of equities analysts have weighed in on LNT shares. Zacks Investment Research lowered shares of Alliant Energy Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, May 18th. BidaskClub upgraded shares of Alliant Energy Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Jefferies Group LLC started coverage on shares of Alliant Energy Corporation in a research report on Friday, May 26th. They issued a “hold” rating and a $42.00 price target for the company. Barclays PLC reiterated 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. Finally, UBS AG reiterated 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. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $42.33.

In other Alliant Energy Corporation news, SVP James H. Gallegos sold 5,000 shares of Alliant Energy Corporation stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $41.25, for a total transaction of $206,250.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Deborah B. Dunie bought 3,700 shares of the stock in a transaction 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 purchase, the director now owns 11,050 shares in the company, valued at $437,690.50. The disclosure for this purchase can be found here. 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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