Oregon Public Employees Retirement Fund Continues to Hold Stake in Alliant Energy Corporation (LNT)

Oregon Public Employees Retirement Fund held its stake in Alliant Energy Corporation (NYSE:LNT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 68,977 shares of the utilities provider’s stock at the end of the second quarter. Oregon Public Employees Retirement Fund’s holdings in Alliant Energy Corporation were worth $2,771,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Mosaic Family Wealth LLC boosted its stake in 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. Lincoln National Corp boosted its position in Alliant Energy Corporation by 0.7% in the first quarter. Lincoln National Corp now owns 6,636 shares of the utilities provider’s stock valued at $263,000 after buying an additional 47 shares during the last quarter. Ffcm LLC boosted its position in Alliant Energy Corporation by 0.8% in the first quarter. Ffcm LLC now owns 9,400 shares of the utilities provider’s stock valued at $373,000 after buying an additional 70 shares during the last quarter. IFP Advisors Inc boosted its position in Alliant Energy Corporation by 0.5% in the first quarter. IFP Advisors Inc now owns 17,508 shares of the utilities provider’s stock valued at $693,000 after buying an additional 95 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its position in Alliant Energy Corporation by 0.5% in the second quarter. Meeder Asset Management Inc. now owns 22,186 shares of the utilities provider’s stock valued at $891,000 after buying an additional 120 shares during the last quarter. 67.26% of the stock is currently owned by institutional investors and hedge funds.

Shares of Alliant Energy Corporation (LNT) traded up 1.13% during trading on Friday, hitting $42.24. 1,412,660 shares of the stock traded hands. Alliant Energy Corporation has a 1-year low of $34.88 and a 1-year high of $42.32. The company has a 50 day moving average of $40.75 and a 200-day moving average of $40.02. The company has a market cap of $9.76 billion, a PE ratio of 24.94 and a beta of 0.41.

Alliant Energy Corporation (NYSE:LNT) last announced its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The firm had revenue of $765.30 million during the quarter, compared to analysts’ expectations of $725.92 million. Alliant Energy Corporation had a return on equity of 11.43% and a net margin of 11.85%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.37 EPS. On average, equities analysts anticipate that Alliant Energy Corporation will post $2.01 EPS for the current fiscal year.

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

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Several equities analysts have commented on LNT shares. BidaskClub raised shares of Alliant Energy Corporation from a “hold” rating to a “buy” rating in a research note on Saturday. Zacks Investment Research raised shares of Alliant Energy Corporation from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Friday, May 19th. Barclays PLC reissued an “equal weight” rating and set a $43.00 target price (up previously from $41.00) on shares of Alliant Energy Corporation in a research note on Thursday, June 1st. Jefferies Group LLC reissued a “hold” rating and set a $43.00 target price (up previously from $42.00) on shares of Alliant Energy Corporation in a research note on Wednesday, August 9th. Finally, UBS AG reissued a “neutral” rating and set a $42.00 target price (up previously from $41.00) on shares of Alliant Energy Corporation in a research note on Wednesday, May 10th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $42.33.

In other news, SVP James H. Gallegos sold 5,000 shares of the company’s 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 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.

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.