United Fire Group Inc. Has $9,818,000 Stake in Alliant Energy Corporation (LNT)

United Fire Group Inc. continued to hold its position in Alliant Energy Corporation (NYSE:LNT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 244,400 shares of the utilities provider’s stock at the end of the second quarter. Alliant Energy Corporation makes up about 3.5% of United Fire Group Inc.’s investment portfolio, making the stock its 10th largest position. United Fire Group Inc. owned about 0.11% of Alliant Energy Corporation worth $9,818,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LNT. Dimensional Fund Advisors LP raised its position in Alliant Energy Corporation by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 526,224 shares of the utilities provider’s stock valued at $19,940,000 after buying an additional 7,720 shares during the last quarter. Teachers Advisors LLC raised its position in Alliant Energy Corporation by 3.9% in the fourth quarter. Teachers Advisors LLC now owns 281,482 shares of the utilities provider’s stock valued at $10,665,000 after buying an additional 10,607 shares during the last quarter. Macquarie Group Ltd. raised its position in Alliant Energy Corporation by 1.6% in the fourth quarter. Macquarie Group Ltd. now owns 188,332 shares of the utilities provider’s stock valued at $7,136,000 after buying an additional 2,900 shares during the last quarter. Chevy Chase Trust Holdings Inc. raised its position in Alliant Energy Corporation by 3.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 196,964 shares of the utilities provider’s stock valued at $7,801,000 after buying an additional 6,174 shares during the last quarter. Finally, Raymond James Trust N.A. raised its stake in Alliant Energy Corporation by 3.3% in the first quarter. Raymond James Trust N.A. now owns 6,497 shares of the utilities provider’s stock valued at $257,000 after buying an additional 205 shares in the last quarter. Hedge funds and other institutional investors own 67.68% of the company’s stock.

Shares of Alliant Energy Corporation (NYSE:LNT) opened at 41.63 on Friday. The company has a market cap of $9.62 billion, a price-to-earnings ratio of 24.57 and a beta of 0.41. Alliant Energy Corporation has a 1-year low of $34.88 and a 1-year high of $42.19. The stock has a 50 day moving average of $40.64 and a 200 day moving average of $39.81.

Alliant Energy Corporation (NYSE:LNT) last announced its earnings results on Thursday, August 3rd. The utilities provider reported $0.41 EPS for the quarter, beating 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 return on equity of 11.43% and a net margin of 11.85%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.37 earnings per share. Analysts predict that Alliant Energy Corporation will post $2.01 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be issued a dividend of $0.315 per share. The ex-dividend date is Thursday, July 27th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 3.03%. Alliant Energy Corporation’s dividend payout ratio is presently 74.12%.

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LNT has been the subject of several research analyst reports. UBS AG reiterated a “neutral” rating and issued a $42.00 price objective (up previously from $41.00) on shares of Alliant Energy Corporation in a research note on Wednesday, May 10th. Zacks Investment Research lowered shares of Alliant Energy Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, May 18th. Jefferies Group LLC initiated coverage on shares of Alliant Energy Corporation in a research note on Friday, May 26th. They issued a “hold” rating and a $42.00 price objective for the company. Barclays PLC reiterated an “equal weight” rating and issued a $43.00 price objective (up previously from $41.00) on shares of Alliant Energy Corporation in a research note on Thursday, June 1st. Finally, BidaskClub lowered shares of Alliant Energy Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $42.33.

In other Alliant Energy Corporation news, Director Deborah B. Dunie bought 3,700 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The stock was bought at an average price of $39.61 per share, for a total transaction of $146,557.00. Following the completion of the acquisition, the director now directly owns 11,050 shares in the company, valued at $437,690.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP James H. Gallegos sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were 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. 0.33% of the stock is owned by corporate insiders.

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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