Hennessy Advisors Inc. Has $5.70 Million Stake in Alliant Energy Corporation (NYSE:LNT)

Hennessy Advisors Inc. lifted its holdings in shares of Alliant Energy Corporation (NYSE:LNT) by 0.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 142,008 shares of the utilities provider’s stock after purchasing an additional 700 shares during the quarter. Hennessy Advisors Inc. owned about 0.06% of Alliant Energy Corporation worth $5,704,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of LNT. Retirement Systems of Alabama lifted its position in shares of Alliant Energy Corporation by 1.1% during the first quarter. Retirement Systems of Alabama now owns 110,059 shares of the utilities provider’s stock worth $4,359,000 after purchasing an additional 1,237 shares in the last quarter. Strs Ohio lifted its position in shares of Alliant Energy Corporation by 17.3% during the first quarter. Strs Ohio now owns 42,945 shares of the utilities provider’s stock worth $1,701,000 after purchasing an additional 6,340 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its position in shares of Alliant Energy Corporation by 7.6% during the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 19,674 shares of the utilities provider’s stock worth $779,000 after purchasing an additional 1,390 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of 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 worth $15,028,000 after purchasing an additional 48,487 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its position in shares of 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 worth $317,000 after purchasing an additional 1,300 shares in the last quarter. 67.09% of the stock is currently owned by institutional investors and hedge funds.

LNT has been the topic of several analyst reports. Barclays PLC reaffirmed an “equal weight” rating and issued a $43.00 target price (up previously from $41.00) on shares of Alliant Energy Corporation in a report on Thursday, June 1st. BidaskClub lowered shares of Alliant Energy Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Zacks Investment Research upgraded shares of Alliant Energy Corporation from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Friday, May 19th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $43.00 price target (up from $42.00) on shares of Alliant Energy Corporation in a research note on Wednesday, August 9th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Alliant Energy Corporation currently has an average rating of “Hold” and a consensus target price of $42.20.

COPYRIGHT VIOLATION NOTICE: This story was originally reported by BBNS and is the sole property of of BBNS. If you are reading this story on another publication, it was stolen and republished in violation of United States & international trademark & copyright laws. The correct version of this story can be accessed at https://baseballnewssource.com/markets/hennessy-advisors-inc-boosts-holdings-in-alliant-energy-corporation-lnt/1602028.html.

Alliant Energy Corporation (LNT) traded down 0.56% during trading on Friday, reaching $42.68. 407,917 shares of the company were exchanged. The firm’s 50 day moving average is $42.12 and its 200 day moving average is $40.65. Alliant Energy Corporation has a 52-week low of $34.88 and a 52-week high of $43.69. The stock has a market capitalization of $9.86 billion, a PE ratio of 25.19 and a beta of 0.42.

Alliant Energy Corporation (NYSE:LNT) last issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.02. The firm had revenue of $765.30 million during the quarter, compared to the consensus estimate 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 was up 1.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.37 EPS. Analysts expect that Alliant Energy Corporation will post $2.01 EPS for the current year.

In related news, insider Wayne A. Reschke sold 2,000 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was 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 Securities & Exchange Commission, which is available through this hyperlink. 0.33% of the stock is owned by corporate insiders.

About Alliant Energy Corporation

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)

Receive News & Ratings for Alliant Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliant Energy Corporation and related companies with our FREE daily email newsletter.

 


Latest News

Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22
Tigers Player Might Play All Nine Positions During Same Game
Tigers Player Might Play All Nine Positions During Same Game
Fans Kicked Out of Fenway Park After Racist Banner Hung on Green Monster
Fans Kicked Out of Fenway Park After Racist Banner Hung on Green Monster
Dodgers End Losing Streak at 11 Behind Ace Clayton Kershaw
Dodgers End Losing Streak at 11 Behind Ace Clayton Kershaw
Cleveland Indians Winning Streak Reaches 18
Cleveland Indians Winning Streak Reaches 18


Leave a Reply

 
© 2006-2017 BBNS.