Alliant Energy Corporation (LNT) Shares Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. grew its stake in shares of Alliant Energy Corporation (NYSE:LNT) by 3.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,460 shares of the utilities provider’s stock after purchasing an additional 1,346 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Alliant Energy Corporation were worth $1,890,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the business. Mosaic Family Wealth LLC raised its holdings in Alliant Energy Corporation by 0.8% during the second quarter. Mosaic Family Wealth LLC now owns 3,237 shares of the utilities provider’s stock worth $130,000 after purchasing an additional 25 shares in the last quarter. Veritable L.P. raised its holdings in Alliant Energy Corporation by 0.3% during the second quarter. Veritable L.P. now owns 8,033 shares of the utilities provider’s stock worth $323,000 after purchasing an additional 28 shares in the last quarter. CIBC Asset Management Inc raised its holdings in Alliant Energy Corporation by 0.4% during the second quarter. CIBC Asset Management Inc now owns 21,990 shares of the utilities provider’s stock worth $883,000 after purchasing an additional 80 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in Alliant Energy Corporation by 0.7% during the second quarter. Louisiana State Employees Retirement System now owns 14,100 shares of the utilities provider’s stock worth $566,000 after purchasing an additional 100 shares in the last quarter. Finally, FineMark National Bank & Trust raised its holdings in Alliant Energy Corporation by 2.2% during the second quarter. FineMark National Bank & Trust now owns 7,715 shares of the utilities provider’s stock worth $310,000 after purchasing an additional 165 shares in the last quarter. 68.20% of the stock is currently owned by institutional investors.

Alliant Energy Corporation (LNT) opened at $44.40 on Monday. The company has a current ratio of 0.51, a quick ratio of 0.36 and a debt-to-equity ratio of 1.02. The stock has a market cap of $10,265.48, a P/E ratio of 23.74, a PEG ratio of 3.72 and a beta of 0.46. Alliant Energy Corporation has a 1 year low of $35.26 and a 1 year high of $45.55.

Alliant Energy Corporation (NYSE:LNT) last announced its earnings results on Thursday, November 2nd. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.13). The business had revenue of $907.00 million for the quarter, compared to analysts’ expectations of $1.23 billion. Alliant Energy Corporation had a return on equity of 11.02% and a net margin of 13.13%. The business’s revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the business posted $0.80 earnings per share. research analysts predict that Alliant Energy Corporation will post 1.94 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were given a $0.315 dividend. The ex-dividend date was Monday, October 30th. This represents a $1.26 dividend on an annualized basis and a yield of 2.84%. Alliant Energy Corporation’s dividend payout ratio (DPR) is 67.74%.

A number of research firms have weighed in on LNT. BidaskClub raised shares of Alliant Energy Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Jefferies Group LLC restated a “hold” rating and set a $43.00 target price (up from $42.00) on shares of Alliant Energy Corporation in a research report on Wednesday, August 9th. Bank of America Corporation assumed coverage on shares of Alliant Energy Corporation in a research report on Tuesday, October 24th. They set a “neutral” rating and a $45.00 target price on the stock. Finally, Zacks Investment Research lowered shares of Alliant Energy Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $42.00.

In related news, insider Wayne A. Reschke sold 2,000 shares of Alliant Energy Corporation stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $42.83, for a total value of $85,660.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.33% of the company’s stock.

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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.

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

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