Teachers Retirement System of The State of Kentucky Maintains Stake in Alliant Energy Corporation (LNT)

Teachers Retirement System of The State of Kentucky maintained its position in shares of Alliant Energy Corporation (NYSE:LNT) during the first quarter, according to its most recent filing with the SEC. The firm owned 26,700 shares of the utilities provider’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in Alliant Energy Corporation were worth $1,058,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Community Financial Services Group LLC increased its position in shares of Alliant Energy Corporation by 0.3% in the first quarter. Community Financial Services Group LLC now owns 51,285 shares of the utilities provider’s stock valued at $2,031,000 after buying an additional 150 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Alliant Energy Corporation by 11.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,513,030 shares of the utilities provider’s stock valued at $59,931,000 after buying an additional 153,407 shares in the last quarter. North Star Asset Management Inc. acquired a new position in shares of Alliant Energy Corporation during the first quarter valued at approximately $285,000. Bank of Nova Scotia acquired a new position in shares of Alliant Energy Corporation during the first quarter valued at approximately $2,075,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. increased its position in shares of Alliant Energy Corporation by 21.7% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 10,709 shares of the utilities provider’s stock valued at $424,000 after buying an additional 1,909 shares in the last quarter. Institutional investors own 67.78% of the company’s stock.

Shares of Alliant Energy Corporation (NYSE LNT) opened at 40.13 on Tuesday. The company has a market capitalization of $9.14 billion, a P/E ratio of 24.29 and a beta of 0.42. Alliant Energy Corporation has a 1-year low of $34.88 and a 1-year high of $42.19. The company has a 50-day moving average price of $41.05 and a 200 day moving average price of $39.24.

Alliant Energy Corporation (NYSE:LNT) last released its earnings results on Wednesday, May 3rd. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by $0.01. Alliant Energy Corporation had a return on equity of 11.36% and a net margin of 11.58%. The firm had revenue of $853.90 million during the quarter. Equities research analysts anticipate that Alliant Energy Corporation will post $2.00 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be given a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date is Thursday, July 27th. Alliant Energy Corporation’s dividend payout ratio is currently 75.90%.

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Several research firms recently issued reports on LNT. BidaskClub downgraded Alliant Energy Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Zacks Investment Research upgraded Alliant Energy Corporation from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research note on Thursday, June 29th. Barclays PLC restated an “equal weight” rating and issued a $43.00 price target (up from $41.00) on shares of Alliant Energy Corporation in a research note on Thursday, June 1st. Jefferies Group LLC began coverage on Alliant Energy Corporation in a research note on Friday, May 26th. They issued a “hold” rating and a $42.00 price target for the company. Finally, UBS AG restated a “neutral” rating and issued a $42.00 price target (up from $41.00) on shares of Alliant Energy Corporation in a research note on Wednesday, May 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Alliant Energy Corporation currently has a consensus rating of “Hold” and an average target price of $42.17.

In related news, Director Deborah B. Dunie purchased 3,700 shares of the business’s stock in a transaction dated Friday, May 19th. The stock was purchased at an average cost of $39.61 per share, with a total value of $146,557.00. Following the completion of the acquisition, the director now directly owns 11,050 shares of the company’s stock, valued at $437,690.50. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP James H. Gallegos sold 5,000 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $41.25, for a total value of $206,250.00. The disclosure for this sale can be found here. 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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