Prudential Financial Inc. trimmed its position in Alliant Energy Corporation (NYSE:LNT) by 0.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 317,089 shares of the utilities provider’s stock after selling 430 shares during the quarter. Prudential Financial Inc. owned 0.14% of Alliant Energy Corporation worth $12,737,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Alliant Energy Corporation by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 23,094,217 shares of the utilities provider’s stock worth $914,762,000 after purchasing an additional 770,456 shares during the period. BlackRock Inc. raised its holdings in shares of Alliant Energy Corporation by 2,934.0% in the 1st quarter. BlackRock Inc. now owns 18,092,905 shares of the utilities provider’s stock worth $716,659,000 after purchasing an additional 17,496,557 shares during the period. FMR LLC raised its holdings in shares of Alliant Energy Corporation by 25.0% in the 1st quarter. FMR LLC now owns 6,791,770 shares of the utilities provider’s stock worth $269,021,000 after purchasing an additional 1,356,522 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Alliant Energy Corporation by 8.4% in the 1st quarter. Victory Capital Management Inc. now owns 3,818,121 shares of the utilities provider’s stock worth $151,237,000 after purchasing an additional 295,956 shares during the period. Finally, Boston Partners grew its stake in shares of Alliant Energy Corporation by 4.2% in the second quarter. Boston Partners now owns 3,484,694 shares of the utilities provider’s stock valued at $139,980,000 after buying an additional 140,422 shares in the last quarter. Institutional investors own 67.09% of the company’s stock.

A number of research firms have recently issued reports on LNT. Jefferies Group LLC reiterated a “hold” rating and issued a $43.00 target price (up previously from $42.00) on shares of Alliant Energy Corporation in a research note on Wednesday, August 9th. Barclays PLC reiterated an “equal weight” rating and issued a $43.00 target price (up previously from $41.00) on shares of Alliant Energy Corporation in a research note on Thursday, June 1st. BidaskClub lowered Alliant Energy Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Finally, Zacks Investment Research upgraded Alliant Energy Corporation from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Thursday, June 29th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $42.20.

Shares of Alliant Energy Corporation (NYSE LNT) opened at 43.19 on Monday. The stock has a 50 day moving average price of $41.89 and a 200-day moving average price of $40.53. Alliant Energy Corporation has a 1-year low of $34.88 and a 1-year high of $43.24. The firm has a market cap of $9.98 billion, a price-to-earnings ratio of 25.50 and a beta of 0.42.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st were given a $0.315 dividend. The ex-dividend date was Thursday, July 27th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.92%. Alliant Energy Corporation’s dividend payout ratio is currently 74.12%.

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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.

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

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