CIBC World Markets Inc. acquired a new position in shares of Alliant Energy Corporation (NYSE:LNT) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,771 shares of the utilities provider’s stock, valued at approximately $1,035,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Marshall Wace North America L.P. acquired a new stake in shares of Alliant Energy Corporation during the second quarter worth $7,496,000. Johnson Financial Group Inc. increased its position in shares of Alliant Energy Corporation by 2.0% during the first quarter. Johnson Financial Group Inc. now owns 41,229 shares of the utilities provider’s stock worth $1,633,000 after buying an additional 817 shares during the period. Wells Fargo & Company MN increased 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 buying an additional 48,487 shares during the period. State of Wisconsin Investment Board increased its position in shares of Alliant Energy Corporation by 97.1% during the second quarter. State of Wisconsin Investment Board now owns 87,642 shares of the utilities provider’s stock worth $3,521,000 after buying an additional 43,180 shares during the period. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Alliant Energy Corporation during the second quarter worth $333,000. Institutional investors own 67.09% of the company’s stock.

In related news, insider Wayne A. Reschke sold 2,000 shares of Alliant Energy Corporation stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $42.83, for a total value of $85,660.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.33% of the stock is owned by insiders.

Alliant Energy Corporation (NYSE LNT) opened at 42.90 on Friday. The company’s 50-day moving average is $42.18 and its 200 day moving average is $40.68. Alliant Energy Corporation has a 52 week low of $34.88 and a 52 week high of $43.69. The company has a market capitalization of $9.91 billion, a price-to-earnings ratio of 25.32 and a beta of 0.42.

Alliant Energy Corporation (NYSE:LNT) last issued its earnings results on Thursday, August 3rd. The utilities provider reported $0.41 EPS for the quarter, topping the 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 company had revenue of $765.30 million for the quarter, compared to the consensus estimate of $725.92 million. During the same period in the previous year, the firm earned $0.37 earnings per share. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, analysts forecast that Alliant Energy Corporation will post $2.01 EPS for the current fiscal year.

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LNT has been the subject of several recent analyst reports. BidaskClub upgraded shares of Alliant Energy Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Zacks Investment Research upgraded 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. Jefferies Group LLC initiated coverage on shares of Alliant Energy Corporation in a research report on Friday, May 26th. They set a “hold” rating and a $42.00 price objective for the company. Finally, Barclays PLC reiterated an “equal weight” rating and set a $43.00 price objective (up 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 issued a buy rating to the company’s stock. Alliant Energy Corporation has a consensus rating of “Hold” and a consensus price target of $42.20.

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

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