Public Sector Pension investment Board cut its position in Alliant Energy Corporation (NYSE:LNT) by 49.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,000 shares of the utilities provider’s stock after selling 25,700 shares during the period. Public Sector Pension investment Board’s holdings in Alliant Energy Corporation were worth $1,044,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of LNT. UBS Asset Management Americas Inc. increased its position in shares of 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 purchasing an additional 75,928 shares in the last quarter. State of Wisconsin Investment Board raised its stake in Alliant Energy Corporation by 127.1% in the 1st quarter. State of Wisconsin Investment Board now owns 44,462 shares of the utilities provider’s stock valued at $1,761,000 after purchasing an additional 24,880 shares during the last quarter. Mutual of America Capital Management LLC lifted its holdings in Alliant Energy Corporation by 1.8% in the 1st quarter. Mutual of America Capital Management LLC now owns 25,111 shares of the utilities provider’s stock valued at $995,000 after purchasing an additional 450 shares in the last quarter. Mason Street Advisors LLC lifted its holdings in Alliant Energy Corporation by 1.1% in the 1st quarter. Mason Street Advisors LLC now owns 31,465 shares of the utilities provider’s stock valued at $1,246,000 after purchasing an additional 344 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Alliant Energy Corporation by 95.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 10,930 shares of the utilities provider’s stock valued at $435,000 after purchasing an additional 5,329 shares in the last quarter. 66.52% of the stock is currently owned by hedge funds and other institutional investors.

In other Alliant Energy Corporation news, insider Wayne A. Reschke sold 2,000 shares of the company’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 SEC, which is available at the SEC website. 0.33% of the stock is owned by corporate insiders.

LNT has been the topic of several recent research reports. BidaskClub raised shares of Alliant Energy Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Jefferies Group LLC reaffirmed a “hold” rating and set a $43.00 target price (up previously from $42.00) on shares of Alliant Energy Corporation in a report on Wednesday, August 9th. Finally, Zacks Investment Research upgraded shares of Alliant Energy Corporation from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Thursday, June 29th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Alliant Energy Corporation has an average rating of “Hold” and an average price target of $42.20.

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Shares of Alliant Energy Corporation (NYSE:LNT) opened at 41.60 on Tuesday. Alliant Energy Corporation has a 52-week low of $34.88 and a 52-week high of $43.69. The stock has a 50 day moving average price of $42.46 and a 200-day moving average price of $40.94. The stock has a market capitalization of $9.61 billion, a price-to-earnings ratio of 24.56 and a beta of 0.43.

Alliant Energy Corporation (NYSE:LNT) last posted its earnings results on Thursday, August 3rd. The utilities provider reported $0.41 earnings per share 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 firm 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 firm posted $0.37 EPS. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, equities research analysts predict that Alliant Energy Corporation will post $2.01 EPS for the current fiscal year.

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.

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

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