3,100 Shares in Alliant Energy Corporation (LNT) Acquired by Pacad Investment Ltd.

Pacad Investment Ltd. acquired a new stake in shares of Alliant Energy Corporation (NYSE:LNT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,100 shares of the utilities provider’s stock, valued at approximately $125,000.

A number of other institutional investors and hedge funds have also modified their holdings of LNT. Wells Fargo & Company MN raised its position in Alliant Energy Corporation by 14.7% during the first quarter. Wells Fargo & Company MN now owns 379,381 shares of the utilities provider’s stock valued at $15,028,000 after acquiring an additional 48,487 shares in the last quarter. Canada Pension Plan Investment Board raised its position in Alliant Energy Corporation by 19.4% during the first quarter. Canada Pension Plan Investment Board now owns 8,000 shares of the utilities provider’s stock valued at $317,000 after acquiring an additional 1,300 shares in the last quarter. Commerzbank Aktiengesellschaft FI bought a new position in Alliant Energy Corporation during the first quarter valued at approximately $293,000. World Asset Management Inc raised its position in Alliant Energy Corporation by 10.3% during the first quarter. World Asset Management Inc now owns 23,695 shares of the utilities provider’s stock valued at $939,000 after acquiring an additional 2,214 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its position in Alliant Energy Corporation by 11.6% during the first quarter. UBS Asset Management Americas Inc. now owns 731,074 shares of the utilities provider’s stock valued at $28,958,000 after acquiring an additional 75,928 shares in the last quarter. 67.09% of the stock is currently owned by hedge funds and other institutional investors.

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In other 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 value of $85,660.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.33% of the company’s stock.

Several equities analysts recently weighed in on the stock. Jefferies Group LLC assumed coverage on shares of Alliant Energy Corporation in a research report on Friday, May 26th. They set a “hold” rating and a $42.00 price objective on the stock. BidaskClub raised shares of Alliant Energy Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research raised shares of Alliant Energy Corporation from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research report on Thursday, June 29th. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a $43.00 price objective (up previously from $41.00) on shares of Alliant Energy Corporation in a research report on Thursday, June 1st. Five 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 target price of $42.20.

Alliant Energy Corporation (NYSE:LNT) opened at 42.90 on Friday. The company has a market cap of $9.91 billion, a price-to-earnings ratio of 25.32 and a beta of 0.42. The stock has a 50 day moving average of $42.18 and a 200-day moving average of $40.68. Alliant Energy Corporation has a 52-week low of $34.88 and a 52-week high of $43.69.

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

Alliant Energy Corporation 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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