Commonwealth Equity Services Inc boosted its stake in shares of Alliant Energy Corporation (NYSE:LNT) by 5.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 71,615 shares of the utilities provider’s stock after acquiring an additional 3,637 shares during the quarter. Commonwealth Equity Services Inc’s holdings in Alliant Energy Corporation were worth $2,977,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pacad Investment Ltd. bought a new stake in Alliant Energy Corporation during the second quarter worth approximately $125,000. Mosaic Family Wealth LLC increased its stake in Alliant Energy Corporation by 0.8% during the second quarter. Mosaic Family Wealth LLC now owns 3,237 shares of the utilities provider’s stock worth $130,000 after acquiring an additional 25 shares during the last quarter. Huntington National Bank increased its stake in Alliant Energy Corporation by 229.2% during the second quarter. Huntington National Bank now owns 3,292 shares of the utilities provider’s stock worth $133,000 after acquiring an additional 2,292 shares during the last quarter. Federated Investors Inc. PA increased its stake in Alliant Energy Corporation by 8.2% during the second quarter. Federated Investors Inc. PA now owns 4,288 shares of the utilities provider’s stock worth $172,000 after acquiring an additional 326 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Alliant Energy Corporation during the third quarter worth approximately $187,000. 68.20% of the stock is currently owned by institutional investors.

Several equities research analysts have weighed in on LNT shares. Jefferies Group LLC reissued a “hold” rating and set a $43.00 price objective (up from $42.00) on shares of Alliant Energy Corporation in a research note on Wednesday, August 9th. BidaskClub raised Alliant Energy Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Bank of America Corporation started coverage on Alliant Energy Corporation in a research note on Tuesday, October 24th. They set a “neutral” rating and a $45.00 price objective on the stock. Finally, Zacks Investment Research cut Alliant Energy Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $42.00.

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Alliant Energy Corporation (LNT) opened at $44.15 on Wednesday. The company has a market capitalization of $10,233.11, a P/E ratio of 23.67, a PEG ratio of 3.71 and a beta of 0.46. Alliant Energy Corporation has a 52 week low of $35.26 and a 52 week high of $45.55. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.36 and a current ratio of 0.51.

Alliant Energy Corporation (NYSE:LNT) last released its earnings results on Thursday, November 2nd. The utilities provider reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.13). Alliant Energy Corporation had a net margin of 13.13% and a return on equity of 11.02%. The business had revenue of $907.00 million for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the company posted $0.80 EPS. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. sell-side analysts forecast that Alliant Energy Corporation will post 1.94 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were paid a $0.315 dividend. The ex-dividend date was Monday, October 30th. This represents a $1.26 annualized dividend and a yield of 2.85%. Alliant Energy Corporation’s dividend payout ratio (DPR) is currently 67.74%.

In related news, insider Wayne A. Reschke sold 2,000 shares of the stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $42.83, for a total value of $85,660.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.33% of the stock is 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.

Institutional Ownership by Quarter for Alliant Energy Corporation (NYSE:LNT)

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