Johnson Financial Group Inc. maintained its position in Alliant Energy Corporation (NYSE:LNT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,229 shares of the utilities provider’s stock at the close of the second quarter. Johnson Financial Group Inc.’s holdings in Alliant Energy Corporation were worth $1,657,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. raised its holdings in Alliant Energy Corporation by 2,934.0% in the 1st 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 position in Alliant Energy Corporation in the 1st quarter valued at approximately $570,000. FMR LLC increased its position in Alliant Energy Corporation by 25.0% during the 1st quarter. FMR LLC now owns 6,791,770 shares of the utilities provider’s stock valued at $269,021,000 after purchasing an additional 1,356,522 shares during the period. Principal Financial Group Inc. increased its position in Alliant Energy Corporation by 107.3% during the 2nd quarter. Principal Financial Group Inc. now owns 2,224,465 shares of the utilities provider’s stock valued at $89,356,000 after purchasing an additional 1,151,182 shares during the period. Finally, Vanguard Group Inc. increased its position in Alliant Energy Corporation by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 23,094,217 shares of the utilities provider’s stock valued at $914,762,000 after purchasing an additional 770,456 shares during the period. 67.09% of the stock is owned by hedge funds and other institutional investors.
In other Alliant Energy Corporation news, insider Wayne A. Reschke sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $42.83, for a total value of $85,660.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.33% of the company’s stock.
Shares of Alliant Energy Corporation (NYSE:LNT) traded down 0.245% during trading on Friday, reaching $42.815. The company’s stock had a trading volume of 491,931 shares. The stock’s 50 day moving average is $42.12 and its 200 day moving average is $40.65. The firm has a market cap of $9.89 billion, a P/E ratio of 25.274 and a beta of 0.42. Alliant Energy Corporation has a one year low of $34.88 and a one year high of $43.69.
Alliant Energy Corporation (NYSE:LNT) last posted its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The company 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 firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.37 EPS. On average, equities analysts forecast that Alliant Energy Corporation will post $2.01 EPS for the current fiscal year.
A number of analysts have 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 target price for the company. 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 for the company 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 equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target 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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