GSA Capital Partners LLP acquired a new position in Alliant Energy Corporation (NYSE:LNT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 38,020 shares of the utilities provider’s stock, valued at approximately $1,527,000.

A number of other hedge funds also recently made changes to their positions in the business. UBS Asset Management Americas Inc. raised its position in Alliant Energy Corporation by 6.2% in the second quarter. UBS Asset Management Americas Inc. now owns 776,529 shares of the utilities provider’s stock worth $31,193,000 after acquiring an additional 45,455 shares during the period. Mutual of America Capital Management LLC raised its position in Alliant Energy Corporation by 10.7% in the second quarter. Mutual of America Capital Management LLC now owns 27,798 shares of the utilities provider’s stock worth $1,117,000 after acquiring an additional 2,687 shares during the period. Thrivent Financial For Lutherans raised its position in Alliant Energy Corporation by 1.1% in the second quarter. Thrivent Financial For Lutherans now owns 22,900 shares of the utilities provider’s stock worth $920,000 after acquiring an additional 240 shares during the period. PNC Financial Services Group Inc. raised its position in Alliant Energy Corporation by 15.0% in the second quarter. PNC Financial Services Group Inc. now owns 57,096 shares of the utilities provider’s stock worth $2,294,000 after acquiring an additional 7,443 shares during the period. Finally, Profund Advisors LLC raised its position in Alliant Energy Corporation by 32.5% in the second quarter. Profund Advisors LLC now owns 24,432 shares of the utilities provider’s stock worth $981,000 after acquiring an additional 5,988 shares during the period. 66.52% of the stock is currently owned by institutional investors and hedge funds.

Shares of Alliant Energy Corporation (NYSE LNT) opened at 41.73 on Friday. Alliant Energy Corporation has a 12 month low of $34.88 and a 12 month high of $43.69. The firm has a 50-day moving average of $42.30 and a 200 day moving average of $40.74. The company has a market cap of $9.64 billion, a price-to-earnings ratio of 24.63 and a beta of 0.42.

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

Several analysts have commented on the stock. Jefferies Group LLC reaffirmed a “hold” rating and issued a $43.00 price objective (up previously from $42.00) on shares of Alliant Energy Corporation in a research report on Wednesday, August 9th. Barclays PLC reaffirmed an “equal weight” rating and issued a $43.00 price objective (up previously from $41.00) on shares of Alliant Energy Corporation in a research report on Thursday, June 1st. BidaskClub lowered shares of Alliant Energy Corporation from a “hold” rating to a “sell” rating in a research report 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 objective on the stock in a research report on Thursday, June 29th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Alliant Energy Corporation has an average rating of “Hold” and a consensus price target of $42.20.

In other news, insider Wayne A. Reschke sold 2,000 shares of the stock in a transaction that occurred on 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 legal filing with the SEC, which is available at the SEC website. 0.33% of the stock is owned by corporate insiders.

ILLEGAL ACTIVITY NOTICE: “38,020 Shares in Alliant Energy Corporation (LNT) Acquired by GSA Capital Partners LLP” was originally reported by Watch List News and is the property of of Watch List News. If you are reading this article on another website, it was copied illegally and republished in violation of U.S. and international copyright legislation. The original version of this article can be accessed at https://www.watchlistnews.com/38020-shares-in-alliant-energy-corporation-lnt-acquired-by-gsa-capital-partners-llp/1584892.html.

Alliant Energy Corporation 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 Analyst Ratings Network's FREE daily email newsletter.