Gofen & Glossberg LLC IL lessened its position in shares of Alliant Energy Co. (NYSE:LNT) by 14.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 9,300 shares of the utilities provider’s stock after selling 1,517 shares during the period. Gofen & Glossberg LLC IL’s holdings in Alliant Energy were worth $396,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its stake in Alliant Energy by 72.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 14,258 shares of the utilities provider’s stock valued at $603,000 after purchasing an additional 6,003 shares during the last quarter. Neuburgh Advisers LLC raised its stake in Alliant Energy by 90.4% in the 2nd quarter. Neuburgh Advisers LLC now owns 31,144 shares of the utilities provider’s stock valued at $1,318,000 after purchasing an additional 14,790 shares during the last quarter. BlackRock Inc. raised its stake in Alliant Energy by 0.7% in the 2nd quarter. BlackRock Inc. now owns 21,615,260 shares of the utilities provider’s stock valued at $914,758,000 after purchasing an additional 140,957 shares during the last quarter. Tyers Asset Management LLC raised its stake in Alliant Energy by 90.4% in the 2nd quarter. Tyers Asset Management LLC now owns 20,152 shares of the utilities provider’s stock valued at $853,000 after purchasing an additional 9,570 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in Alliant Energy by 3.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,229,269 shares of the utilities provider’s stock valued at $52,023,000 after purchasing an additional 39,986 shares during the last quarter. 70.94% of the stock is owned by institutional investors and hedge funds.

In related news, Director Deborah B. Dunie acquired 1,250 shares of the company’s stock in a transaction dated Thursday, September 13th. The stock was bought at an average price of $43.80 per share, with a total value of $54,750.00. Following the purchase, the director now directly owns 12,300 shares in the company, valued at approximately $538,740. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.25% of the company’s stock.

NYSE LNT opened at $42.46 on Friday. Alliant Energy Co. has a 12 month low of $36.84 and a 12 month high of $45.55. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.64 and a quick ratio of 0.48. The stock has a market cap of $9.95 billion, a PE ratio of 21.95, a P/E/G ratio of 3.63 and a beta of 0.23.

Alliant Energy (NYSE:LNT) last posted its quarterly earnings data on Thursday, August 2nd. The utilities provider reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.02). Alliant Energy had a net margin of 14.14% and a return on equity of 11.35%. The company had revenue of $816.10 million for the quarter, compared to analyst estimates of $789.73 million. During the same period in the prior year, the company earned $0.41 EPS. The company’s revenue was up 6.6% compared to the same quarter last year. On average, analysts expect that Alliant Energy Co. will post 2.13 earnings per share for the current fiscal year.

Several research analysts recently weighed in on LNT shares. Wells Fargo & Co boosted their target price on shares of Alliant Energy from $45.00 to $47.00 and gave the company a “market perform” rating in a research note on Monday, September 17th. Zacks Investment Research raised shares of Alliant Energy from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Monday, July 23rd. Howard Weil started coverage on shares of Alliant Energy in a research note on Tuesday, July 24th. They issued a “sector perform” rating and a $44.00 target price for the company. UBS Group boosted their target price on shares of Alliant Energy from $43.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, August 10th. Finally, Wolfe Research downgraded shares of Alliant Energy from a “peer perform” rating to an “underperform” rating in a research note on Monday, August 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. Alliant Energy presently has a consensus rating of “Hold” and a consensus target price of $45.14.

About Alliant Energy

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the Midwest region of the United States. It operates through three segments: Electric, Gas, and Other. The company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinois, and Iowa; and generates and distributes steam in Cedar Rapids, Iowa.

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

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