Alliant Energy Corp. (NYSE:LNT) declared a quarterly dividend on Friday, October 7th. Stockholders of record on Monday, October 31st will be given a dividend of 0.2938 per share on Tuesday, November 15th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.22%.

Alliant Energy Corp. (NYSE:LNT) opened at 36.54 on Monday. The company has a market capitalization of $8.31 billion, a PE ratio of 21.01 and a beta of 0.41. The firm’s 50-day moving average is $38.39 and its 200 day moving average is $38.05. Alliant Energy Corp. has a one year low of $28.07 and a one year high of $40.99.

Alliant Energy Corp. (NYSE:LNT) last announced its earnings results on Monday, August 1st. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by $0.01. Alliant Energy Corp. had a return on equity of 11.02% and a net margin of 12.50%. The business had revenue of $754.60 million for the quarter, compared to analyst estimates of $593.06 million. During the same period last year, the firm earned $0.31 EPS. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, equities analysts expect that Alliant Energy Corp. will post $1.89 EPS for the current fiscal year.

Dividend History for Alliant Energy Corp. (NYSE:LNT)

Several brokerages have issued reports on LNT. Argus lifted their target price on shares of Alliant Energy Corp. from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, August 25th. Zacks Investment Research raised shares of Alliant Energy Corp. from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Monday, July 11th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Alliant Energy Corp. currently has a consensus rating of “Buy” and an average target price of $38.75.

Hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in shares of Alliant Energy Corp. by 100.3% in the second quarter. Dimensional Fund Advisors LP now owns 417,901 shares of the company’s stock valued at $16,591,000 after buying an additional 209,297 shares during the period. BlackRock Investment Management LLC raised its stake in shares of Alliant Energy Corp. by 59.7% in the second quarter. BlackRock Investment Management LLC now owns 653,037 shares of the company’s stock valued at $25,926,000 after buying an additional 243,998 shares during the period. BlackRock Inc. raised its stake in shares of Alliant Energy Corp. by 213.1% in the second quarter. BlackRock Inc. now owns 536,730 shares of the company’s stock valued at $21,309,000 after buying an additional 365,283 shares during the period. BlackRock Group LTD raised its stake in shares of Alliant Energy Corp. by 138.7% in the second quarter. BlackRock Group LTD now owns 1,914,645 shares of the company’s stock valued at $76,012,000 after buying an additional 1,112,521 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its stake in shares of Alliant Energy Corp. by 82.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 6,245,424 shares of the company’s stock valued at $247,943,000 after buying an additional 2,823,929 shares during the period. Hedge funds and other institutional investors own 65.60% of the company’s stock.

About Alliant Energy Corp.

Alliant Energy Corporation (Alliant Energy) is a regulated investor-owned public utility holding company. The Company provides regulated electric and natural gas services in Iowa and Wisconsin. The Company’s business segments are 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).

5 Day Chart for NYSE:LNT

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