State of Tennessee Treasury Department grew its holdings in Alliant Energy Corporation (NYSE:LNT) by 0.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 62,312 shares of the utilities provider’s stock after purchasing an additional 97 shares during the quarter. State of Tennessee Treasury Department’s holdings in Alliant Energy Corporation were worth $2,503,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pacad Investment Ltd. bought a new position in shares of Alliant Energy Corporation in the 2nd quarter valued at about $125,000. Mosaic Family Wealth LLC boosted its stake in shares of Alliant Energy Corporation by 0.8% in the 2nd quarter. Mosaic Family Wealth LLC now owns 3,237 shares of the utilities provider’s stock valued at $130,000 after purchasing an additional 25 shares during the last quarter. Huntington National Bank boosted its stake in shares of Alliant Energy Corporation by 229.2% in the 2nd quarter. Huntington National Bank now owns 3,292 shares of the utilities provider’s stock valued at $133,000 after purchasing an additional 2,292 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Alliant Energy Corporation by 3.2% in the 1st quarter. Pacer Advisors Inc. now owns 4,281 shares of the utilities provider’s stock valued at $170,000 after purchasing an additional 132 shares during the last quarter. Finally, Federated Investors Inc. PA boosted its stake in shares of Alliant Energy Corporation by 8.2% in the 2nd quarter. Federated Investors Inc. PA now owns 4,288 shares of the utilities provider’s stock valued at $172,000 after purchasing an additional 326 shares during the last quarter. 67.09% of the stock is currently owned by institutional investors.

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Shares of Alliant Energy Corporation (NYSE:LNT) opened at 42.90 on Friday. The firm has a market capitalization of $9.91 billion, a P/E ratio of 25.32 and a beta of 0.42. Alliant Energy Corporation has a 12-month low of $34.88 and a 12-month high of $43.69. The stock has a 50 day moving average of $42.18 and a 200-day moving average of $40.68.

Alliant Energy Corporation (NYSE:LNT) last issued its earnings results on Thursday, August 3rd. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. Alliant Energy Corporation had a return on equity of 11.43% and a net margin of 11.85%. The company had revenue of $765.30 million for the quarter, compared to analysts’ expectations of $725.92 million. During the same period last year, the business earned $0.37 EPS. Alliant Energy Corporation’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, equities research analysts predict that Alliant Energy Corporation will post $2.01 EPS for the current fiscal year.

Several research firms recently weighed in on LNT. Jefferies Group LLC reissued a “hold” rating and set a $43.00 price objective (up previously from $42.00) on shares of Alliant Energy Corporation in a research note on Wednesday, August 9th. Barclays PLC reaffirmed an “equal weight” rating and issued a $43.00 price target (up previously from $41.00) on shares of Alliant Energy Corporation in a research note 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. Finally, Zacks Investment Research raised shares of Alliant Energy Corporation from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research note on Thursday, June 29th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Alliant Energy Corporation presently has a consensus rating of “Hold” and an average target price of $42.20.

In related news, insider Wayne A. Reschke sold 2,000 shares of the stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $42.83, for a total value of $85,660.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.33% of the company’s stock.

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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