Amalgamated Bank grew its stake in Alliant Energy Corporation (NYSE:LNT) by 23.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,883 shares of the utilities provider’s stock after acquiring an additional 8,601 shares during the quarter. Amalgamated Bank’s holdings in Alliant Energy Corporation were worth $1,803,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Mosaic Family Wealth LLC increased its holdings in shares of Alliant Energy Corporation by 0.8% in the 2nd 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 during the period. CIBC Asset Management Inc increased its holdings in shares of Alliant Energy Corporation by 0.4% in the 2nd quarter. CIBC Asset Management Inc now owns 21,990 shares of the utilities provider’s stock valued at $883,000 after acquiring an additional 80 shares during the period. Louisiana State Employees Retirement System increased its holdings in shares of Alliant Energy Corporation by 0.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 14,100 shares of the utilities provider’s stock valued at $566,000 after acquiring an additional 100 shares during the period. Meeder Asset Management Inc. increased its holdings in shares of Alliant Energy Corporation by 0.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 22,186 shares of the utilities provider’s stock valued at $891,000 after acquiring an additional 120 shares during the period. Finally, Pacer Advisors Inc. increased its holdings in shares of Alliant Energy Corporation by 3.2% in the 1st 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 during the period. Institutional investors and hedge funds own 66.52% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This story was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of US & international copyright legislation. The correct version of this story can be read at https://www.thecerbatgem.com/2017/09/20/amalgamated-bank-has-1-80-million-stake-in-alliant-energy-corporation-lnt.html.

Alliant Energy Corporation (NYSE LNT) opened at 42.53 on Wednesday. The stock has a market capitalization of $9.83 billion, a P/E ratio of 25.11 and a beta of 0.42. The stock has a 50 day moving average price of $42.30 and a 200-day moving average price of $40.74. Alliant Energy Corporation has a one year low of $34.88 and a one year high of $43.69.

Alliant Energy Corporation (NYSE:LNT) last posted its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. Alliant Energy Corporation had a return on equity of 11.43% and a net margin of 11.85%. The business had revenue of $765.30 million for the quarter, compared to analyst estimates of $725.92 million. During the same quarter in the prior year, the company earned $0.37 earnings per share. The company’s revenue was up 1.4% on a year-over-year basis. Analysts anticipate that Alliant Energy Corporation will post $2.01 earnings per share for the current year.

In related news, insider Wayne A. Reschke sold 2,000 shares of the stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $42.83, for a total value of $85,660.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.33% of the company’s stock.

A number of research analysts have recently issued reports on the company. BidaskClub upgraded Alliant Energy Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Jefferies Group LLC reiterated a “hold” rating and issued a $43.00 price target (up from $42.00) on shares of Alliant Energy Corporation in a report on Wednesday, August 9th. Barclays PLC reiterated an “equal weight” rating and issued a $43.00 price target (up from $41.00) on shares of Alliant Energy Corporation in a report on Thursday, June 1st. Finally, Zacks Investment Research upgraded Alliant Energy Corporation from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Thursday, June 29th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $42.20.

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.

Want to see what other hedge funds are holding LNT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alliant Energy Corporation (NYSE:LNT).

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

Receive News & Stock 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 stocks with our FREE daily email newsletter.