B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund lowered its stake in shares of Alliant Energy Co. (NYSE:LNT) by 2.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 554,421 shares of the utilities provider’s stock after selling 13,219 shares during the period. Alliant Energy makes up approximately 3.8% of B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s portfolio, making the stock its 6th biggest holding. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund owned approximately 0.24% of Alliant Energy worth $23,463,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of LNT. Tyers Asset Management LLC increased its position in shares of Alliant Energy by 90.4% in the second quarter. Tyers Asset Management LLC now owns 20,152 shares of the utilities provider’s stock worth $853,000 after acquiring an additional 9,570 shares in the last quarter. BlackRock Inc. increased its position in shares of Alliant Energy by 13.2% in the first quarter. BlackRock Inc. now owns 21,474,303 shares of the utilities provider’s stock worth $877,438,000 after acquiring an additional 2,502,658 shares in the last quarter. Magellan Asset Management Ltd increased its position in shares of Alliant Energy by 17.4% in the first quarter. Magellan Asset Management Ltd now owns 179,870 shares of the utilities provider’s stock worth $7,349,000 after acquiring an additional 26,688 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Alliant Energy by 3.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,229,269 shares of the utilities provider’s stock worth $52,023,000 after acquiring an additional 39,986 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Alliant Energy by 2.1% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 713,329 shares of the utilities provider’s stock worth $30,188,000 after acquiring an additional 14,781 shares in the last quarter. 70.91% of the stock is currently owned by institutional investors.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Alliant Energy from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research report on Monday, May 28th. UBS Group increased their price objective on shares of Alliant Energy from $43.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, August 10th. Howard Weil assumed coverage on shares of Alliant Energy in a research report on Tuesday, July 24th. They issued a “sector perform” rating and a $44.00 price objective for the company. Finally, Wolfe Research lowered shares of Alliant Energy from a “peer perform” rating to an “underperform” rating in a research report on Monday, August 13th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $44.67.

LNT opened at $43.90 on Friday. The firm has a market cap of $10.19 billion, a P/E ratio of 22.75, a PEG ratio of 3.72 and a beta of 0.22. Alliant Energy Co. has a twelve month low of $36.84 and a twelve month high of $45.55. The company has a quick ratio of 0.48, a current ratio of 0.64 and a debt-to-equity ratio of 1.18.

Alliant Energy (NYSE:LNT) last released its quarterly earnings results on Thursday, August 2nd. The utilities provider reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.02). The firm had revenue of $816.10 million for the quarter, compared to analyst estimates of $789.73 million. Alliant Energy had a net margin of 14.14% and a return on equity of 11.35%. Alliant Energy’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.41 earnings per share. equities analysts forecast that Alliant Energy Co. will post 2.13 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 15th. Investors of record on Tuesday, July 31st were issued a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date was Monday, July 30th. Alliant Energy’s payout ratio is 69.43%.

Alliant Energy Company Profile

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the Midwest region of the United States. It operates through three segments: Electric, Gas, and Other. The company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinois, and Iowa; and generates and distributes steam in Cedar Rapids, Iowa.

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

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