United Services Automobile Association boosted its stake in shares of Alliant Energy Corporation (NYSE:LNT) by 16.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,140 shares of the utilities provider’s stock after buying an additional 12,006 shares during the period. United Services Automobile Association’s holdings in Alliant Energy Corporation were worth $3,452,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Mosaic Family Wealth LLC increased its position in shares of Alliant Energy Corporation by 0.8% in the first quarter. Mosaic Family Wealth LLC now owns 3,212 shares of the utilities provider’s stock valued at $127,000 after buying an additional 27 shares during the period. Federated Investors Inc. PA bought a new position in shares of Alliant Energy Corporation during the fourth quarter valued at about $153,000. Pacer Advisors Inc. increased its position in shares of Alliant Energy Corporation by 3.2% in the first quarter. Pacer Advisors Inc. now owns 4,281 shares of the utilities provider’s stock valued at $170,000 after buying an additional 132 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Alliant Energy Corporation by 35.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,642 shares of the utilities provider’s stock valued at $183,000 after buying an additional 1,203 shares during the period. Finally, Reliance Trust Co. of Delaware bought a new position in shares of Alliant Energy Corporation during the first quarter valued at about $202,000. Institutional investors and hedge funds own 67.74% of the company’s stock.

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

Shares of Alliant Energy Corporation (NYSE LNT) remained flat at $41.86 on Tuesday. The company’s stock had a trading volume of 74,668 shares. The company has a 50 day moving average price of $40.65 and a 200-day moving average price of $38.98. The company has a market capitalization of $9.54 billion, a price-to-earnings ratio of 25.34 and a beta of 0.42. Alliant Energy Corporation has a 52 week low of $34.88 and a 52 week high of $42.19.

Alliant Energy Corporation (NYSE:LNT) last issued its earnings results on Wednesday, May 3rd. The utilities provider reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by $0.01. The business had revenue of $853.90 million during the quarter. Alliant Energy Corporation had a return on equity of 11.36% and a net margin of 11.58%. Analysts forecast that Alliant Energy Corporation will post $2.00 EPS for the current fiscal year.

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Several research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Alliant Energy Corporation from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a report on Friday, May 19th. 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. Finally, Jefferies Group LLC assumed coverage on shares of Alliant Energy Corporation in a report on Friday, May 26th. They set a “hold” rating and a $42.00 price target for the company. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $42.00.

In related news, SVP James H. Gallegos sold 5,000 shares of Alliant Energy Corporation stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $41.25, for a total value of $206,250.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Deborah B. Dunie bought 3,700 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The stock was acquired at an average price of $39.61 per share, for a total transaction of $146,557.00. Following the transaction, the director now owns 11,050 shares in the company, valued at $437,690.50. The disclosure for this purchase can be found here. 0.33% of the stock is owned by company insiders.

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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