Prudential PLC maintained its position in shares of Alliant Energy Corporation (NYSE:LNT) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,800 shares of the utilities provider’s stock at the close of the 2nd quarter. Prudential PLC’s holdings in Alliant Energy Corporation were worth $675,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LNT. UBS Asset Management Americas Inc. raised its holdings in Alliant Energy Corporation by 11.6% during the first quarter. UBS Asset Management Americas Inc. now owns 731,074 shares of the utilities provider’s stock worth $28,958,000 after acquiring an additional 75,928 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Alliant Energy Corporation by 95.1% during the first quarter. Envestnet Asset Management Inc. now owns 10,930 shares of the utilities provider’s stock worth $435,000 after acquiring an additional 5,329 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Alliant Energy Corporation by 3.2% during the first quarter. Pacer Advisors Inc. now owns 4,281 shares of the utilities provider’s stock worth $170,000 after acquiring an additional 132 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Alliant Energy Corporation by 121.5% during the first quarter. JPMorgan Chase & Co. now owns 417,713 shares of the utilities provider’s stock worth $16,546,000 after acquiring an additional 229,135 shares in the last quarter. Finally, United Services Automobile Association raised its holdings in Alliant Energy Corporation by 16.0% during the first quarter. United Services Automobile Association now owns 87,140 shares of the utilities provider’s stock worth $3,452,000 after acquiring an additional 12,006 shares in the last quarter. Institutional investors and hedge funds own 66.52% of the company’s stock.

Alliant Energy Corporation (NYSE LNT) opened at 42.66 on Thursday. The firm’s 50-day moving average price is $42.44 and its 200-day moving average price is $41.05. The firm has a market cap of $9.86 billion, a P/E ratio of 25.18 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 issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, topping 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 company had revenue of $765.30 million during the quarter, compared to analyst estimates of $725.92 million. During the same quarter last year, the business posted $0.37 EPS. Alliant Energy Corporation’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, equities research analysts expect that Alliant Energy Corporation will post $2.01 EPS for the current fiscal year.

In other news, insider Wayne A. Reschke sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $42.83, for a total transaction of $85,660.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.33% of the company’s stock.

Several analysts recently issued reports on the company. BidaskClub upgraded Alliant Energy Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Jefferies Group LLC reissued a “hold” rating and set a $43.00 price target (up previously from $42.00) on shares of Alliant Energy Corporation in a research report on Wednesday, August 9th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Alliant Energy Corporation currently has an average rating of “Hold” and a consensus price target of $41.25.

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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)

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