Pioneer Investment Management Inc. Sells 54,992 Shares of Alliant Energy Corporation (LNT)

Pioneer Investment Management Inc. lowered its position in Alliant Energy Corporation (NYSE:LNT) by 5.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 879,568 shares of the utilities provider’s stock after selling 54,992 shares during the period. Pioneer Investment Management Inc. owned about 0.39% of Alliant Energy Corporation worth $35,332,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in LNT. Mosaic Family Wealth LLC raised its stake in shares of Alliant Energy Corporation by 0.8% in the first quarter. Mosaic Family Wealth LLC now owns 3,212 shares of the utilities provider’s stock worth $127,000 after buying an additional 27 shares during the period. Huntington National Bank raised its stake in shares of Alliant Energy Corporation by 229.2% in the second quarter. Huntington National Bank now owns 3,292 shares of the utilities provider’s stock worth $133,000 after buying an additional 2,292 shares during the period. Pacer Advisors Inc. raised its stake in shares of Alliant Energy Corporation by 3.2% in the first quarter. Pacer Advisors Inc. now owns 4,281 shares of the utilities provider’s stock worth $170,000 after buying an additional 132 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Alliant Energy Corporation by 35.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,642 shares of the utilities provider’s stock worth $183,000 after buying an additional 1,203 shares during the period. Finally, Reliance Trust Co. of Delaware bought a new stake in shares of Alliant Energy Corporation during the first quarter worth about $202,000. 67.26% of the stock is currently owned by institutional investors.

Shares of Alliant Energy Corporation (NYSE LNT) traded up 1.13% on Friday, reaching $42.24. The company’s stock had a trading volume of 1,412,660 shares. The company has a market cap of $9.76 billion, a P/E ratio of 24.94 and a beta of 0.41. Alliant Energy Corporation has a 52-week low of $34.88 and a 52-week high of $42.32. The company has a 50 day moving average price of $40.75 and a 200 day moving average price of $40.02.

Alliant Energy Corporation (NYSE:LNT) last released its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $765.30 million for the quarter, compared to the consensus estimate of $725.92 million. During the same quarter last year, the business posted $0.37 EPS. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, analysts anticipate that Alliant Energy Corporation will post $2.01 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st were paid a $0.315 dividend. This represents a $1.26 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend was Thursday, July 27th. Alliant Energy Corporation’s dividend payout ratio is 74.12%.

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

In other Alliant Energy Corporation news, SVP James H. Gallegos sold 5,000 shares of Alliant Energy Corporation stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $41.25, for a total value of $206,250.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.33% of the company’s stock.

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)

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