Crow Point Partners LLC continued to hold its position in Alliant Energy Corporation (NYSE:LNT) during the second quarter, Holdings Channel reports. The fund owned 588,000 shares of the utilities provider’s stock at the end of the second quarter. Alliant Energy Corporation accounts for 3.9% of Crow Point Partners LLC’s holdings, making the stock its 9th largest position. Crow Point Partners LLC’s holdings in Alliant Energy Corporation were worth $23,785,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in Alliant Energy Corporation by 2,934.0% in the first 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 in the last quarter. Mackenzie Financial Corp bought a new position in Alliant Energy Corporation during the first quarter valued at about $570,000. FMR LLC raised its position in Alliant Energy Corporation by 25.0% in the first quarter. FMR LLC now owns 6,791,770 shares of the utilities provider’s stock valued at $269,021,000 after buying an additional 1,356,522 shares in the last quarter. Vanguard Group Inc. raised its position in Alliant Energy Corporation by 3.5% in the first quarter. Vanguard Group Inc. now owns 23,094,217 shares of the utilities provider’s stock valued at $914,762,000 after buying an additional 770,456 shares in the last quarter. Finally, Citadel Advisors LLC raised its position in Alliant Energy Corporation by 4,133.1% in the first quarter. Citadel Advisors LLC now owns 717,094 shares of the utilities provider’s stock valued at $28,404,000 after buying an additional 700,154 shares in the last quarter. Hedge funds and other institutional investors own 67.78% of the company’s stock.

Alliant Energy Corporation (LNT) traded up 0.40% during trading on Monday, reaching $40.13. The company had a trading volume of 727,851 shares. The firm’s 50 day moving average price is $41.05 and its 200 day moving average price is $39.24. Alliant Energy Corporation has a 12-month low of $34.88 and a 12-month high of $42.19. The firm has a market capitalization of $9.14 billion, a PE ratio of 24.29 and a beta of 0.42.

Alliant Energy Corporation (NYSE:LNT) last issued its earnings results on Wednesday, May 3rd. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by $0.01. The firm 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 anticipate that Alliant Energy Corporation will post $2.00 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be paid a $0.315 dividend. The ex-dividend date is Thursday, July 27th. This represents a $1.26 annualized dividend and a dividend yield of 3.14%. Alliant Energy Corporation’s payout ratio is 75.90%.

TRADEMARK VIOLATION NOTICE: This report was originally published by Daily Political and is the sole property of of Daily Political. If you are accessing this report on another publication, it was stolen and republished in violation of United States & international copyright & trademark laws. The original version of this report can be viewed at https://www.dailypolitical.com/2017/07/17/alliant-energy-corporation-nyselnt-is-crow-point-partners-llcs-9th-largest-position.html.

A number of brokerages have recently weighed in on LNT. Zacks Investment Research upgraded Alliant Energy Corporation from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Friday, May 19th. Barclays PLC restated an “equal weight” rating and issued a $43.00 target price (up from $41.00) on shares of Alliant Energy Corporation in a research note on Thursday, June 1st. Jefferies Group LLC began coverage on Alliant Energy Corporation in a research note on Friday, May 26th. They issued a “hold” rating and a $42.00 target price for the company. BidaskClub lowered Alliant Energy Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Finally, UBS AG restated a “neutral” rating and issued a $42.00 target price (up from $41.00) on shares of Alliant Energy Corporation in a research note on Wednesday, May 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $42.17.

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

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.

Want to see what other hedge funds are holding LNT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alliant Energy Corporation (NYSE:LNT).

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 MarketBeat.com's FREE daily email newsletter.