Alliancebernstein L.P. cut its holdings in Alliant Energy Corporation (NYSE:LNT) by 1.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 362,265 shares of the utilities provider’s stock after selling 7,156 shares during the period. Alliancebernstein L.P. owned 0.16% of Alliant Energy Corporation worth $14,552,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Mosaic Family Wealth LLC increased its stake in shares of Alliant Energy Corporation by 0.8% in the second quarter. Mosaic Family Wealth LLC now owns 3,237 shares of the utilities provider’s stock worth $130,000 after purchasing an additional 25 shares during the period. CIBC Asset Management Inc increased its stake in shares of Alliant Energy Corporation by 0.4% in the second quarter. CIBC Asset Management Inc now owns 21,990 shares of the utilities provider’s stock worth $883,000 after purchasing an additional 80 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of Alliant Energy Corporation by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 14,100 shares of the utilities provider’s stock worth $566,000 after purchasing an additional 100 shares during the period. Meeder Asset Management Inc. increased its stake in shares of Alliant Energy Corporation by 0.5% in the second quarter. Meeder Asset Management Inc. now owns 22,186 shares of the utilities provider’s stock worth $891,000 after purchasing an additional 120 shares during the period. Finally, Pacer Advisors Inc. increased its stake 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 worth $170,000 after purchasing an additional 132 shares during the period. Institutional investors and hedge funds own 66.52% of the company’s stock.

LNT has been the topic of a number of recent analyst reports. Barclays PLC reiterated an “equal weight” rating and issued a $43.00 price objective (up from $41.00) on shares of Alliant Energy Corporation in a research note on Thursday, June 1st. BidaskClub lowered Alliant Energy Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Zacks Investment Research upgraded Alliant Energy Corporation from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research note on Thursday, June 29th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $43.00 price objective (up from $42.00) on shares of Alliant Energy Corporation in a research note on Wednesday, August 9th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $42.20.

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Alliant Energy Corporation (NYSE LNT) opened at 41.73 on Friday. Alliant Energy Corporation has a 1-year low of $34.88 and a 1-year high of $43.69. The company has a market capitalization of $9.64 billion, a price-to-earnings ratio of 24.63 and a beta of 0.42. The stock has a 50 day moving average price of $42.30 and a 200-day moving average price of $40.74.

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, beating the Thomson Reuters’ 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 business had revenue of $765.30 million during the quarter, compared to the consensus estimate of $725.92 million. During the same period last year, the business posted $0.37 EPS. Alliant Energy Corporation’s revenue was up 1.4% on a year-over-year basis. Equities analysts predict that Alliant Energy Corporation will post $2.01 earnings per share for the current year.

In related news, insider Wayne A. Reschke sold 2,000 shares of the firm’s stock in a transaction dated 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 Securities & Exchange Commission, which can be accessed through the SEC website. Company 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.

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

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