Renaissance Technologies LLC Has $20.10 Million Holdings in Alliant Energy Corporation (LNT)
Renaissance Technologies LLC raised its holdings in Alliant Energy Corporation (NYSE:LNT) by 1,039.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 500,400 shares of the utilities provider’s stock after buying an additional 456,500 shares during the quarter. Renaissance Technologies LLC owned 0.22% of Alliant Energy Corporation worth $20,101,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. Mackenzie Financial Corp acquired a new stake in shares of Alliant Energy Corporation in the 1st quarter valued at $570,000. Principal Financial Group Inc. boosted its stake in shares of Alliant Energy Corporation by 107.3% in the 2nd quarter. Principal Financial Group Inc. now owns 2,224,465 shares of the utilities provider’s stock valued at $89,356,000 after purchasing an additional 1,151,182 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Alliant Energy Corporation by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 23,675,021 shares of the utilities provider’s stock valued at $951,025,000 after purchasing an additional 580,804 shares in the last quarter. Morgan Stanley boosted its stake in shares of Alliant Energy Corporation by 54.0% in the 1st quarter. Morgan Stanley now owns 1,370,023 shares of the utilities provider’s stock valued at $54,268,000 after purchasing an additional 480,352 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Alliant Energy Corporation by 80.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,004,164 shares of the utilities provider’s stock valued at $40,329,000 after purchasing an additional 446,837 shares in the last quarter. 66.52% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently commented on LNT. BidaskClub upgraded shares of Alliant Energy Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Jefferies Group LLC restated a “hold” rating and issued a $43.00 target price (up previously from $42.00) on shares of Alliant Energy Corporation in a research note on Wednesday, August 9th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $41.25.
In other Alliant Energy Corporation news, insider Wayne A. Reschke sold 2,000 shares of Alliant Energy Corporation stock in a transaction dated 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 legal filing with the SEC, which is accessible through this link. Insiders own 0.33% of the company’s stock.
Alliant Energy Corporation (NYSE:LNT) opened at 43.01 on Friday. The company’s 50-day moving average is $42.44 and its 200 day moving average is $41.06. The firm has a market cap of $9.94 billion, a P/E ratio of 25.39 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.
Alliant Energy Corporation (NYSE:LNT) last released its earnings results on Thursday, August 3rd. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 firm had revenue of $765.30 million for the quarter, compared to analysts’ expectations of $725.92 million. During the same quarter in the previous year, the business posted $0.37 earnings per share. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. Equities research analysts expect that Alliant Energy Corporation will post $2.01 EPS for the current fiscal year.
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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