Engineers Gate Manager LP Purchases Shares of 5,896 Alliant Energy Corporation (LNT)

Engineers Gate Manager LP purchased a new position in shares of Alliant Energy Corporation (NYSE:LNT) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,896 shares of the utilities provider’s stock, valued at approximately $237,000.

Several other hedge funds have also modified their holdings of LNT. Pacad Investment Ltd. acquired a new position in shares of Alliant Energy Corporation during the second quarter worth approximately $125,000. Mosaic Family Wealth LLC lifted its holdings in shares of Alliant Energy Corporation by 0.8% during the second quarter. Mosaic Family Wealth LLC now owns 3,237 shares of the utilities provider’s stock worth $130,000 after buying an additional 25 shares during the last quarter. Huntington National Bank lifted its holdings in shares of Alliant Energy Corporation by 229.2% during the second quarter. Huntington National Bank now owns 3,292 shares of the utilities provider’s stock worth $133,000 after buying an additional 2,292 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Alliant Energy Corporation by 3.2% during the first quarter. Pacer Advisors Inc. now owns 4,281 shares of the utilities provider’s stock worth $170,000 after buying an additional 132 shares during the last quarter. Finally, Federated Investors Inc. PA lifted its holdings in shares of Alliant Energy Corporation by 8.2% during the second quarter. Federated Investors Inc. PA now owns 4,288 shares of the utilities provider’s stock worth $172,000 after buying an additional 326 shares during the last quarter. Institutional investors own 66.52% of the company’s stock.

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In related news, insider Wayne A. Reschke sold 2,000 shares of Alliant Energy Corporation 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.33% of the company’s stock.

Alliant Energy Corporation (NYSE LNT) opened at 42.49 on Tuesday. The company has a 50 day moving average price of $42.24 and a 200-day moving average price of $40.72. Alliant Energy Corporation has a 52 week low of $34.88 and a 52 week high of $43.69. The firm has a market capitalization of $9.82 billion, a price-to-earnings ratio of 25.08 and a beta of 0.42.

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 the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The business 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 firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the firm posted $0.37 EPS. Equities analysts predict that Alliant Energy Corporation will post $2.01 earnings per share for the current year.

A number of research analysts have recently commented on LNT shares. BidaskClub upgraded Alliant Energy Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Jefferies Group LLC started coverage on Alliant Energy Corporation in a report on Friday, May 26th. They set a “hold” rating and a $42.00 price target for the company. Zacks Investment Research upgraded Alliant Energy Corporation from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a report on Thursday, June 29th. Finally, Barclays PLC reiterated an “equal weight” rating and set a $43.00 price target (up from $41.00) on shares of Alliant Energy Corporation in a report on Thursday, June 1st. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Alliant Energy Corporation currently has a consensus rating of “Hold” and a consensus target price of $42.20.

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.

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Institutional Ownership by Quarter for Alliant Energy Corporation (NYSE:LNT)

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