Alliant Energy Co. (NYSE:LNT) Director Deborah B. Dunie bought 1,250 shares of the firm’s stock in a transaction dated Thursday, September 13th. The shares were acquired at an average price of $43.80 per share, for a total transaction of $54,750.00. Following the completion of the transaction, the director now directly owns 12,300 shares in the company, valued at approximately $538,740. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Alliant Energy stock opened at $43.84 on Wednesday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.48 and a current ratio of 0.64. Alliant Energy Co. has a 1-year low of $36.84 and a 1-year high of $45.55. The stock has a market capitalization of $10.25 billion, a P/E ratio of 22.72, a PEG ratio of 3.74 and a beta of 0.22.

Alliant Energy (NYSE:LNT) last posted its quarterly earnings data 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). Alliant Energy had a return on equity of 11.35% and a net margin of 14.14%. The firm had revenue of $816.10 million during the quarter, compared to analysts’ expectations of $789.73 million. During the same period last year, the company earned $0.41 earnings per share. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. sell-side analysts expect that Alliant Energy Co. will post 2.13 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of LNT. State of Wisconsin Investment Board raised its position in Alliant Energy by 122.6% in the 1st quarter. State of Wisconsin Investment Board now owns 201,818 shares of the utilities provider’s stock worth $8,246,000 after purchasing an additional 111,152 shares during the period. Schwab Charles Investment Management Inc. raised its position in Alliant Energy by 4.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,189,283 shares of the utilities provider’s stock worth $48,595,000 after purchasing an additional 55,324 shares during the period. Aperio Group LLC raised its position in Alliant Energy by 2.1% in the 1st quarter. Aperio Group LLC now owns 88,455 shares of the utilities provider’s stock worth $3,614,000 after purchasing an additional 1,823 shares during the period. BlackRock Inc. raised its position in Alliant Energy by 13.2% in the 1st quarter. BlackRock Inc. now owns 21,474,303 shares of the utilities provider’s stock worth $877,438,000 after purchasing an additional 2,502,658 shares during the period. Finally, Federated Investors Inc. PA purchased a new stake in Alliant Energy in the 1st quarter worth about $200,000. 70.90% of the stock is currently owned by institutional investors.

Several analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Alliant Energy from a “buy” rating to a “hold” rating in a research report on Friday, August 10th. Wells Fargo & Co upped their target price on shares of Alliant Energy from $45.00 to $47.00 and gave the company a “market perform” rating in a research report on Monday. Wolfe Research cut shares of Alliant Energy from a “peer perform” rating to an “underperform” rating in a research report on Monday, August 13th. UBS Group upped their target price on shares of Alliant Energy from $43.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, August 10th. Finally, Howard Weil assumed coverage on shares of Alliant Energy in a research report on Tuesday, July 24th. They set a “sector perform” rating and a $44.00 target price on the stock. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $45.33.

About Alliant Energy

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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