Alliant Energy Corporation (LNT) Stake Maintained by Synovus Financial Corp

Synovus Financial Corp maintained its stake in shares of Alliant Energy Corporation (NYSE:LNT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,178 shares of the utilities provider’s stock at the close of the second quarter. Synovus Financial Corp’s holdings in Alliant Energy Corporation were worth $409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in LNT. Retirement Systems of Alabama increased its stake in Alliant Energy Corporation by 1.1% during the 1st quarter. Retirement Systems of Alabama now owns 110,059 shares of the utilities provider’s stock worth $4,359,000 after acquiring an additional 1,237 shares during the period. Strs Ohio increased its stake in shares of Alliant Energy Corporation by 17.3% in the 1st quarter. Strs Ohio now owns 42,945 shares of the utilities provider’s stock valued at $1,701,000 after purchasing an additional 6,340 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of Alliant Energy Corporation by 7.6% in the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 19,674 shares of the utilities provider’s stock valued at $779,000 after purchasing an additional 1,390 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Alliant Energy Corporation by 14.7% in the 1st quarter. Wells Fargo & Company MN now owns 379,381 shares of the utilities provider’s stock valued at $15,028,000 after purchasing an additional 48,487 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of Alliant Energy Corporation by 19.4% during the 1st 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. Institutional investors own 67.09% of the company’s stock.

Alliant Energy Corporation (NYSE LNT) traded down 0.05% during midday trading on Friday, hitting $42.90. The company’s stock had a trading volume of 1,954,500 shares. The company’s 50 day moving average price is $42.18 and its 200 day moving average price is $40.68. The firm has a market cap of $9.91 billion, a P/E ratio of 25.32 and a beta of 0.42. Alliant Energy Corporation has a 12 month low of $34.88 and a 12 month high of $43.69.

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

Several brokerages have commented on LNT. BidaskClub raised Alliant Energy Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Jefferies Group LLC reissued a “hold” rating and issued a $43.00 price objective (up from $42.00) on shares of Alliant Energy Corporation in a research report on Wednesday, August 9th. Zacks Investment Research raised Alliant Energy Corporation from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Friday, May 19th. Finally, Barclays PLC restated an “equal weight” rating and issued a $43.00 target price (up previously from $41.00) on shares of Alliant Energy Corporation in a research note on Thursday, June 1st. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $42.20.

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In related news, insider Wayne A. Reschke sold 2,000 shares of the stock in a transaction on 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 filing with the SEC, which is available through the SEC website. Corporate insiders own 0.33% of the company’s stock.

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.

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

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