AQR Capital Management LLC cut its stake in Alliant Energy Corporation (NYSE:LNT) by 35.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 327,792 shares of the utilities provider’s stock after selling 180,696 shares during the period. AQR Capital Management LLC owned approximately 0.14% of Alliant Energy Corporation worth $12,984,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mosaic Family Wealth LLC increased its position in shares of Alliant Energy Corporation by 0.8% in the first quarter. Mosaic Family Wealth LLC now owns 3,212 shares of the utilities provider’s stock valued at $127,000 after buying an additional 27 shares in the last quarter. Federated Investors Inc. PA purchased a new position in shares of Alliant Energy Corporation during the fourth quarter valued at $153,000. Pacer Advisors Inc. increased its position in shares of Alliant Energy Corporation by 3.2% in the first quarter. Pacer Advisors Inc. now owns 4,281 shares of the utilities provider’s stock valued at $170,000 after buying an additional 132 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Alliant Energy Corporation by 35.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,642 shares of the utilities provider’s stock valued at $183,000 after buying an additional 1,203 shares in the last quarter. Finally, Reliance Trust Co. of Delaware purchased a new position in shares of Alliant Energy Corporation during the first quarter valued at $202,000. 67.74% of the stock is owned by institutional investors.

Shares of Alliant Energy Corporation (NYSE LNT) opened at 39.67 on Friday. Alliant Energy Corporation has a 52 week low of $34.88 and a 52 week high of $42.19. The firm has a 50-day moving average of $41.05 and a 200 day moving average of $39.24. The stock has a market cap of $9.04 billion, a PE ratio of 24.01 and a beta of 0.41.

Alliant Energy Corporation (NYSE:LNT) last announced its earnings results on Wednesday, May 3rd. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by $0.01. Alliant Energy Corporation had a net margin of 11.58% and a return on equity of 11.36%. The company had revenue of $853.90 million during the quarter. On average, equities analysts forecast that Alliant Energy Corporation will post $2.00 EPS for the current fiscal year.

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Several research analysts recently weighed in on the stock. Barclays PLC reaffirmed an “equal weight” rating and issued a $43.00 target price (up previously from $41.00) on shares of Alliant Energy Corporation in a report on Thursday, June 1st. BidaskClub downgraded shares of Alliant Energy Corporation from a “hold” rating to a “sell” rating in a report on Thursday. Zacks Investment Research raised 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 report on Thursday, June 29th. Finally, Jefferies Group LLC assumed coverage on shares of Alliant Energy Corporation in a report on Friday, May 26th. They issued a “hold” rating and a $42.00 target price for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $42.20.

In related news, Director Deborah B. Dunie bought 3,700 shares of the company’s stock in a transaction dated Friday, May 19th. The shares were acquired at an average price of $39.61 per share, for a total transaction of $146,557.00. Following the completion of the transaction, the director now directly owns 11,050 shares in the company, valued at $437,690.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP James H. Gallegos sold 5,000 shares of Alliant Energy Corporation stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $41.25, for a total transaction of $206,250.00. The disclosure for this sale can be found here. 0.33% of the stock is owned by company insiders.

About Alliant Energy Corporation

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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