Capstone Asset Management Co. Has $748,000 Stake in Alliant Energy Corporation (LNT)

Capstone Asset Management Co. lowered its position in shares of Alliant Energy Corporation (NYSE:LNT) by 0.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,630 shares of the utilities provider’s stock after selling 50 shares during the period. Capstone Asset Management Co.’s holdings in Alliant Energy Corporation were worth $748,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Alliant Energy Corporation by 3.5% in the first quarter. Vanguard Group Inc. now owns 23,094,217 shares of the utilities provider’s stock worth $914,762,000 after buying an additional 770,456 shares during the last quarter. BlackRock Inc. raised its position in Alliant Energy Corporation by 2,934.0% in the first quarter. BlackRock Inc. now owns 18,092,905 shares of the utilities provider’s stock worth $716,659,000 after buying an additional 17,496,557 shares during the last quarter. FMR LLC raised its position in Alliant Energy Corporation by 25.0% in the first quarter. FMR LLC now owns 6,791,770 shares of the utilities provider’s stock worth $269,021,000 after buying an additional 1,356,522 shares during the last quarter. Victory Capital Management Inc. increased its position in Alliant Energy Corporation by 8.4% in the first quarter. Victory Capital Management Inc. now owns 3,818,121 shares of the utilities provider’s stock worth $151,237,000 after buying an additional 295,956 shares during the period. Finally, Boston Partners increased its position in Alliant Energy Corporation by 1.6% in the first quarter. Boston Partners now owns 3,344,272 shares of the utilities provider’s stock worth $132,467,000 after buying an additional 52,682 shares during the period. 67.68% of the stock is owned by institutional investors and hedge funds.

Shares of Alliant Energy Corporation (NYSE LNT) opened at 41.37 on Friday. The company has a 50 day moving average price of $40.63 and a 200 day moving average price of $39.84. Alliant Energy Corporation has a 1-year low of $34.88 and a 1-year high of $42.19. The stock 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 issued its quarterly earnings data 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 company had revenue of $765.30 million during the quarter, compared to the consensus estimate of $725.92 million. Alliant Energy Corporation had a net margin of 11.85% and a return on equity of 11.43%. Alliant Energy Corporation’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.37 earnings per share. On average, equities analysts anticipate that Alliant Energy Corporation will post $2.01 EPS for the current year.

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

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A number of research analysts have weighed in on the company. 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. Jefferies Group LLC reiterated a “hold” rating and set a $43.00 target price (up previously from $42.00) on shares of Alliant Energy Corporation in a report on Wednesday. BidaskClub upgraded Alliant Energy Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 24th. 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, Zacks Investment Research upgraded Alliant Energy Corporation from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Friday, May 19th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Alliant Energy Corporation has a consensus rating of “Hold” and a consensus price target of $42.33.

In other Alliant Energy Corporation news, Director Deborah B. Dunie acquired 3,700 shares of Alliant Energy Corporation stock in a transaction that occurred on Friday, May 19th. The stock was bought at an average price of $39.61 per share, with a total value of $146,557.00. Following the completion of the purchase, the director now directly owns 11,050 shares of the company’s stock, valued at approximately $437,690.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP James H. Gallegos sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $41.25, for a total transaction of $206,250.00. The disclosure for this sale 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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