Nordea Investment Management AB Has $2,831,000 Stake in Alliant Energy Corporation (LNT)
Nordea Investment Management AB continued to hold its position in shares of Alliant Energy Corporation (NYSE:LNT) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,468 shares of the utilities provider’s stock at the close of the second quarter. Nordea Investment Management AB’s holdings in Alliant Energy Corporation were worth $2,831,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LNT. Pacad Investment Ltd. purchased a new stake in shares of Alliant Energy Corporation during the second quarter worth about $125,000. Mosaic Family Wealth LLC increased its holdings in shares of Alliant Energy Corporation by 0.8% during the second quarter. Mosaic Family Wealth LLC now owns 3,237 shares of the utilities provider’s stock valued at $130,000 after acquiring an additional 25 shares in the last quarter. Huntington National Bank increased its holdings in shares of Alliant Energy Corporation by 229.2% during the second quarter. Huntington National Bank now owns 3,292 shares of the utilities provider’s stock valued at $133,000 after acquiring an additional 2,292 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Alliant Energy Corporation by 3.2% during the first quarter. Pacer Advisors Inc. now owns 4,281 shares of the utilities provider’s stock valued at $170,000 after acquiring an additional 132 shares in the last quarter. Finally, Federated Investors Inc. PA increased its holdings in shares of Alliant Energy Corporation by 8.2% during the second quarter. Federated Investors Inc. PA now owns 4,288 shares of the utilities provider’s stock valued at $172,000 after acquiring an additional 326 shares in the last quarter. 66.52% of the stock is currently owned by institutional investors and hedge funds.
Shares of Alliant Energy Corporation (NYSE:LNT) opened at 41.57 on Monday. The firm has a market cap of $9.61 billion, a PE ratio of 24.54 and a beta of 0.43. The firm’s 50-day moving average price is $42.30 and its 200-day moving average price is $40.74. 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 posted its earnings results on Thursday, August 3rd. The utilities provider reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate 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 company’s revenue was up 1.4% on a year-over-year basis. During the same period last year, the firm posted $0.37 EPS. Analysts expect that Alliant Energy Corporation will post $2.01 earnings per share for the current year.
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Several equities analysts recently commented on the stock. BidaskClub raised shares of Alliant Energy Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Jefferies Group LLC reissued a “hold” rating and set a $43.00 target price (up previously from $42.00) on shares of Alliant Energy Corporation in a research report on Wednesday, August 9th. Finally, Zacks Investment Research raised shares of Alliant Energy Corporation from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research report on Thursday, June 29th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Alliant Energy Corporation currently has a consensus rating of “Hold” and a consensus price target of $42.20.
In related news, insider Wayne A. Reschke sold 2,000 shares of the business’s stock in a transaction 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 Securities & Exchange Commission, which can be accessed through the SEC website. 0.33% of the stock is owned by company insiders.
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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