Sumitomo Mitsui Trust Holdings Inc. lowered its position in Alliant Energy Corporation (NYSE:LNT) by 0.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 634,298 shares of the utilities provider’s stock after selling 4,329 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.28% of Alliant Energy Corporation worth $25,480,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LNT. Bank of Montreal Can increased its position in Alliant Energy Corporation by 5.1% in the first quarter. Bank of Montreal Can now owns 81,017 shares of the utilities provider’s stock worth $3,208,000 after buying an additional 3,952 shares during the period. Retirement Systems of Alabama increased its position in Alliant Energy Corporation by 1.1% in the first quarter. Retirement Systems of Alabama now owns 110,059 shares of the utilities provider’s stock worth $4,359,000 after buying an additional 1,237 shares during the period. Mn Services Vermogensbeheer B.V. increased its position in Alliant Energy Corporation by 5.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 6,067 shares of the utilities provider’s stock worth $225,000 after buying an additional 302 shares during the period. Strs Ohio increased its position in Alliant Energy Corporation by 17.3% in the first quarter. Strs Ohio now owns 42,945 shares of the utilities provider’s stock worth $1,701,000 after buying an additional 6,340 shares during the period. Finally, Russell Investments Group Ltd. increased its position in Alliant Energy Corporation by 34.8% in the first quarter. Russell Investments Group Ltd. now owns 557,327 shares of the utilities provider’s stock worth $22,065,000 after buying an additional 143,888 shares during the period. Hedge funds and other institutional investors own 67.07% of the company’s stock.

Alliant Energy Corporation (NYSE:LNT) opened at 42.77 on Thursday. The stock has a market cap of $9.88 billion, a P/E ratio of 25.25 and a beta of 0.41. The firm’s 50 day moving average price is $41.13 and its 200-day moving average price is $40.21. Alliant Energy Corporation has a 12-month low of $34.88 and a 12-month high of $43.09.

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

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st were given a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend was Thursday, July 27th. Alliant Energy Corporation’s payout ratio is currently 74.12%.

TRADEMARK VIOLATION NOTICE: This story was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://www.thecerbatgem.com/2017/08/31/alliant-energy-corporation-lnt-shares-sold-by-sumitomo-mitsui-trust-holdings-inc.html.

A number of research analysts have weighed in on LNT shares. UBS AG reiterated a “neutral” rating and set a $42.00 target price (up previously from $41.00) on shares of Alliant Energy Corporation in a report on Wednesday, May 10th. Zacks Investment Research downgraded Alliant Energy Corporation from a “buy” rating to a “hold” rating in a report on Thursday, May 18th. Jefferies Group LLC started coverage on Alliant Energy Corporation in a report on Friday, May 26th. They set a “hold” rating and a $42.00 target price on the stock. Barclays PLC reiterated an “equal weight” rating and set a $43.00 target price (up previously from $41.00) on shares of Alliant Energy Corporation in a report on Thursday, June 1st. Finally, BidaskClub downgraded Alliant Energy Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $42.20.

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)

Receive News & Stock Ratings for Alliant Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliant Energy Corporation and related stocks with our FREE daily email newsletter.