Pacer Advisors Inc. Sells 17,551 Shares of Alliant Energy Corporation (NASDAQ:LNT)

Pacer Advisors Inc. reduced its stake in Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 33.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,359 shares of the company's stock after selling 17,551 shares during the period. Pacer Advisors Inc.'s holdings in Alliant Energy were worth $2,211,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Hughes Financial Services LLC bought a new position in Alliant Energy in the 1st quarter valued at $27,000. Alpine Bank Wealth Management bought a new position in Alliant Energy in the 1st quarter valued at $29,000. Tsfg LLC bought a new position in Alliant Energy in the 1st quarter valued at $34,000. TD Private Client Wealth LLC bought a new position in Alliant Energy in the 1st quarter valued at $34,000. Finally, First Command Advisory Services Inc. acquired a new position in shares of Alliant Energy in the 1st quarter valued at $34,000. 79.90% of the stock is currently owned by institutional investors.

Alliant Energy Stock Up 0.7%

Shares of LNT traded up $0.46 during midday trading on Friday, hitting $65.47. The stock had a trading volume of 1,626,943 shares, compared to its average volume of 1,981,993. The firm has a market cap of $16.82 billion, a price-to-earnings ratio of 22.58, a price-to-earnings-growth ratio of 3.07 and a beta of 0.56. The company has a 50 day simple moving average of $62.00 and a two-hundred day simple moving average of $61.63. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.34 and a quick ratio of 0.24. Alliant Energy Corporation has a twelve month low of $55.17 and a twelve month high of $66.54.

Alliant Energy (NASDAQ:LNT - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.12. Alliant Energy had a return on equity of 12.01% and a net margin of 18.26%. The company had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same quarter last year, the company earned $0.62 EPS. Alliant Energy's revenue for the quarter was up 9.4% compared to the same quarter last year. On average, analysts anticipate that Alliant Energy Corporation will post 3.23 EPS for the current year.

Alliant Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be issued a dividend of $0.5075 per share. The ex-dividend date is Thursday, July 31st. This represents a $2.03 dividend on an annualized basis and a yield of 3.1%. Alliant Energy's dividend payout ratio (DPR) is presently 70.00%.

Analyst Ratings Changes

Several research analysts have recently issued reports on LNT shares. Wall Street Zen upgraded Alliant Energy from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Barclays lowered Alliant Energy from an "equal weight" rating to an "underweight" rating and raised their price target for the stock from $59.00 to $61.00 in a research report on Tuesday, April 22nd. UBS Group restated a "neutral" rating and issued a $67.00 price target (up from $65.00) on shares of Alliant Energy in a research report on Friday, July 11th. Wolfe Research upgraded Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 price target on the stock in a research report on Monday, July 7th. Finally, Jefferies Financial Group set a $71.00 price target on Alliant Energy and gave the stock a "buy" rating in a research report on Tuesday, May 20th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $64.23.

Alliant Energy Company Profile

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the United States. It operates in three segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. The company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinois, and Iowa; and generates and distributes steam in Cedar Rapids, Iowa.