CIBC Asset Management Inc boosted its stake in Alliant Energy Corporation (NYSE:LNT) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,990 shares of the utilities provider’s stock after buying an additional 80 shares during the period. CIBC Asset Management Inc’s holdings in Alliant Energy Corporation were worth $883,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Johnson Financial Group Inc. increased its position in shares of Alliant Energy Corporation by 2.0% in the first quarter. Johnson Financial Group Inc. now owns 41,229 shares of the utilities provider’s stock valued at $1,633,000 after buying an additional 817 shares in the last quarter. Wells Fargo & Company MN increased its position in Alliant Energy Corporation by 14.7% in the first quarter. Wells Fargo & Company MN now owns 379,381 shares of the utilities provider’s stock valued at $15,028,000 after buying an additional 48,487 shares during the period. Investment Centers of America Inc. increased its position in Alliant Energy Corporation by 0.9% in the first quarter. Investment Centers of America Inc. now owns 85,699 shares of the utilities provider’s stock valued at $3,403,000 after buying an additional 745 shares during the period. Mackenzie Financial Corp bought a new position in Alliant Energy Corporation during the first quarter valued at approximately $570,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Alliant Energy Corporation by 29.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,890 shares of the utilities provider’s stock valued at $669,000 after buying an additional 3,849 shares during the period. 67.26% of the stock is owned by institutional investors.

Alliant Energy Corporation (NYSE:LNT) opened at 41.37 on Monday. The firm’s 50 day moving average is $40.63 and its 200 day moving average is $39.84. Alliant Energy Corporation has a 12-month low of $34.88 and a 12-month high of $42.19. The company has a market cap of $9.56 billion, a P/E ratio of 24.42 and a beta of 0.41.

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

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

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Several research firms have commented on LNT. UBS AG reissued a “neutral” rating and set a $42.00 price objective (up previously from $41.00) on shares of Alliant Energy Corporation in a report on Wednesday, May 10th. Jefferies Group LLC reissued a “hold” rating and set a $43.00 price objective (up previously from $42.00) on shares of Alliant Energy Corporation in a report on Wednesday, August 9th. BidaskClub raised shares of Alliant Energy Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Barclays PLC reissued an “equal weight” rating and set a $43.00 price objective (up previously from $41.00) on shares of Alliant Energy Corporation in a report on Thursday, June 1st. Finally, Zacks Investment Research raised shares of Alliant Energy Corporation from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Friday, May 19th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $42.33.

In related news, SVP James H. Gallegos sold 5,000 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $41.25, for a total transaction of $206,250.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Deborah B. Dunie purchased 3,700 shares of the stock in a transaction that occurred on Friday, May 19th. The shares were acquired at an average price of $39.61 per share, for a total transaction of $146,557.00. Following the completion of the transaction, the director now directly owns 11,050 shares of the company’s stock, valued at approximately $437,690.50. The disclosure for this purchase can be found here. Insiders own 0.33% of the company’s stock.

About Alliant Energy Corporation

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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