Profund Advisors LLC lifted its stake in Alliant Energy Corporation (NYSE:LNT) by 32.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,432 shares of the utilities provider’s stock after buying an additional 5,988 shares during the quarter. Profund Advisors LLC’s holdings in Alliant Energy Corporation were worth $981,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of LNT. Wells Fargo & Company MN raised its holdings in Alliant Energy Corporation by 14.7% in the 1st quarter. Wells Fargo & Company MN now owns 379,381 shares of the utilities provider’s stock worth $15,028,000 after purchasing an additional 48,487 shares during the period. Canada Pension Plan Investment Board raised its holdings in Alliant Energy Corporation by 19.4% in the 1st quarter. Canada Pension Plan Investment Board now owns 8,000 shares of the utilities provider’s stock worth $317,000 after purchasing an additional 1,300 shares during the period. UBS Asset Management Americas Inc. raised its holdings in Alliant Energy Corporation by 11.6% in the 1st quarter. UBS Asset Management Americas Inc. now owns 731,074 shares of the utilities provider’s stock worth $28,958,000 after purchasing an additional 75,928 shares during the period. Karp Capital Management Corp acquired a new position in Alliant Energy Corporation in the 1st quarter worth about $2,405,000. Finally, Sei Investments Co. raised its holdings in Alliant Energy Corporation by 16.3% in the 1st quarter. Sei Investments Co. now owns 156,249 shares of the utilities provider’s stock worth $6,189,000 after purchasing an additional 21,880 shares during the period. Hedge funds and other institutional investors own 66.52% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Profund Advisors LLC Buys 5,988 Shares of Alliant Energy Corporation (LNT)” was originally posted by Daily Political and is owned by of Daily Political. If you are accessing this piece on another domain, it was stolen and republished in violation of United States and international copyright laws. The correct version of this piece can be viewed at https://www.dailypolitical.com/2017/09/22/profund-advisors-llc-buys-5988-shares-of-alliant-energy-corporation-lnt.html.

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

Alliant Energy Corporation (LNT) opened at 42.06 on Friday. The stock has a market capitalization of $9.72 billion, a price-to-earnings ratio of 24.83 and a beta of 0.42. The company has a 50-day moving average price of $42.30 and a 200 day moving average price of $40.74. Alliant Energy Corporation has a 12 month low of $34.88 and a 12 month high of $43.69.

Alliant Energy Corporation (NYSE:LNT) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The company had revenue of $765.30 million during the quarter, compared to the consensus estimate of $725.92 million. Alliant Energy Corporation had a return on equity of 11.43% and a net margin of 11.85%. Alliant Energy Corporation’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.37 EPS. Equities analysts predict that Alliant Energy Corporation will post $2.01 earnings per share for the current year.

LNT has been the subject of a number of analyst reports. BidaskClub raised Alliant Energy Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Zacks Investment Research raised Alliant Energy Corporation from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a report on Thursday, June 29th. Jefferies Group LLC started coverage on Alliant Energy Corporation in a report on Friday, May 26th. They set a “hold” rating and a $42.00 target price for the company. Finally, Barclays PLC reissued an “equal weight” rating and set a $43.00 target price (up previously from $41.00) on shares of Alliant Energy Corporation in a report on Thursday, June 1st. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price 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.

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.