Korea Investment CORP Sells 9,700 Shares of Alliant Energy Corporation (LNT)

Korea Investment CORP reduced its position in shares of Alliant Energy Corporation (NYSE:LNT) by 13.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,100 shares of the utilities provider’s stock after selling 9,700 shares during the period. Korea Investment CORP’s holdings in Alliant Energy Corporation were worth $2,706,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Alliant Energy Corporation by 2.5% during the second quarter. Vanguard Group Inc. now owns 23,675,021 shares of the utilities provider’s stock worth $951,025,000 after buying an additional 580,804 shares during the period. Janus Henderson Group PLC boosted its position in shares of Alliant Energy Corporation by 11,520.8% during the second quarter. Janus Henderson Group PLC now owns 3,638,001 shares of the utilities provider’s stock worth $146,138,000 after buying an additional 3,606,695 shares during the period. Boston Partners boosted its position in shares of Alliant Energy Corporation by 4.2% during the second quarter. Boston Partners now owns 3,484,694 shares of the utilities provider’s stock worth $139,980,000 after buying an additional 140,422 shares during the period. Principal Financial Group Inc. boosted its position in shares of Alliant Energy Corporation by 107.3% during the second quarter. Principal Financial Group Inc. now owns 2,224,465 shares of the utilities provider’s stock worth $89,356,000 after buying an additional 1,151,182 shares during the period. Finally, Thompson Siegel & Walmsley LLC boosted its position in shares of Alliant Energy Corporation by 6.6% during the second quarter. Thompson Siegel & Walmsley LLC now owns 1,912,104 shares of the utilities provider’s stock worth $76,809,000 after buying an additional 118,775 shares during the period. 66.82% of the stock is owned by institutional investors.

Several research analysts have recently weighed in on the company. BidaskClub raised Alliant Energy Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Jefferies Group LLC reaffirmed a “hold” rating and set a $43.00 price objective (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 Alliant Energy Corporation in a research report on Tuesday, October 24th. They set a “neutral” rating and a $45.00 price objective for the company. Finally, Zacks Investment Research cut Alliant Energy Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $42.00.

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Alliant Energy Corporation (LNT) opened at $43.83 on Monday. Alliant Energy Corporation has a 52-week low of $34.88 and a 52-week high of $44.39. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $10,133.69, a P/E ratio of 23.44, a P/E/G ratio of 3.65 and a beta of 0.46.

Alliant Energy Corporation (NYSE:LNT) last issued its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.75 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.13). Alliant Energy Corporation had a net margin of 13.13% and a return on equity of 11.02%. The company had revenue of $907.00 million for the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the company posted $0.80 earnings per share. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. equities analysts predict that Alliant Energy Corporation will post 1.95 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be given a dividend of $0.315 per share. The ex-dividend date is Monday, October 30th. This represents a $1.26 annualized dividend and a yield of 2.87%. Alliant Energy Corporation’s dividend payout ratio (DPR) is presently 67.74%.

In related news, insider Wayne A. Reschke sold 2,000 shares of the stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $42.83, for a total transaction of $85,660.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate 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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