Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Alliant Energy Corporation (NYSE:LNT) by 0.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,926 shares of the utilities provider’s stock after buying an additional 36 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Alliant Energy Corporation were worth $680,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in LNT. BlackRock Inc. increased its holdings in Alliant Energy Corporation by 2,934.0% in the first quarter. BlackRock Inc. now owns 18,092,905 shares of the utilities provider’s stock valued at $716,659,000 after buying an additional 17,496,557 shares during the last quarter. Mackenzie Financial Corp bought a new stake in Alliant Energy Corporation in the first quarter valued at about $570,000. FMR LLC increased its holdings in Alliant Energy Corporation by 25.0% in the first quarter. FMR LLC now owns 6,791,770 shares of the utilities provider’s stock valued at $269,021,000 after buying an additional 1,356,522 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Alliant Energy Corporation by 107.3% in the second quarter. Principal Financial Group Inc. now owns 2,224,465 shares of the utilities provider’s stock valued at $89,356,000 after buying an additional 1,151,182 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Alliant Energy Corporation by 3.5% in the first quarter. Vanguard Group Inc. now owns 23,094,217 shares of the utilities provider’s stock valued at $914,762,000 after buying an additional 770,456 shares during the last quarter. 67.09% of the stock is owned by hedge funds and other institutional investors.
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In other Alliant Energy Corporation news, insider Wayne A. Reschke sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 7th. The shares were 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 is available at this link. 0.33% of the stock is owned by company insiders.
LNT has been the subject of several research analyst reports. Barclays PLC reissued an “equal weight” rating and issued a $43.00 price objective (up from $41.00) on shares of Alliant Energy Corporation in a report on Thursday, June 1st. BidaskClub lowered Alliant Energy Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Zacks Investment Research raised Alliant Energy Corporation from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a report on Thursday, June 29th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $43.00 target price (up from $42.00) on shares of Alliant Energy Corporation in a report on Wednesday, August 9th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $42.20.
Alliant Energy Corporation (LNT) opened at 42.90 on Friday. The stock’s 50 day moving average price is $42.18 and its 200 day moving average price is $40.68. Alliant Energy Corporation has a 12-month low of $34.88 and a 12-month high of $43.69. The company has a market capitalization of $9.91 billion, a price-to-earnings ratio of 25.32 and a beta of 0.42.
Alliant Energy Corporation (NYSE:LNT) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.41 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 11.85% and a return on equity of 11.43%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.37 earnings per share. On average, equities research analysts anticipate that Alliant Energy Corporation will post $2.01 earnings per share for the current fiscal year.
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.
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