The Manufacturers Life Insurance Company reduced its position in shares of Alliant Energy Corporation (NYSE:LNT) by 0.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,455,174 shares of the utilities provider’s stock after selling 4,489 shares during the quarter. The Manufacturers Life Insurance Company owned 0.63% of Alliant Energy Corporation worth $58,455,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Mosaic Family Wealth LLC raised its position in 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 worth $130,000 after acquiring an additional 25 shares in the last quarter. Veritable L.P. raised its position in Alliant Energy Corporation by 0.3% during the second quarter. Veritable L.P. now owns 8,033 shares of the utilities provider’s stock worth $323,000 after acquiring an additional 28 shares in the last quarter. CIBC Asset Management Inc raised its position in Alliant Energy Corporation by 0.4% during the second quarter. CIBC Asset Management Inc now owns 21,990 shares of the utilities provider’s stock worth $883,000 after acquiring an additional 80 shares in the last quarter. Louisiana State Employees Retirement System raised its position in Alliant Energy Corporation by 0.7% during the second quarter. Louisiana State Employees Retirement System now owns 14,100 shares of the utilities provider’s stock worth $566,000 after acquiring an additional 100 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its position in Alliant Energy Corporation by 0.5% during the second quarter. Meeder Asset Management Inc. now owns 22,186 shares of the utilities provider’s stock worth $891,000 after acquiring an additional 120 shares in the last quarter. 66.52% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Alliant Energy Corporation (NYSE LNT) traded up 1.09% during trading on Wednesday, hitting $42.80. 104,682 shares of the stock traded hands. Alliant Energy Corporation has a 1-year low of $34.88 and a 1-year high of $43.69. The stock has a market cap of $9.89 billion, a price-to-earnings ratio of 25.27 and a beta of 0.42. The stock has a 50 day moving average price of $42.44 and a 200-day moving average price of $41.03.

Alliant Energy Corporation (NYSE:LNT) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.02. The company 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 firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.37 EPS. Equities analysts forecast that Alliant Energy Corporation will post $2.01 EPS for the current year.

In related news, insider Wayne A. Reschke sold 2,000 shares of the business’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 can be accessed through the SEC website. 0.33% of the stock is currently owned by insiders.

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Several research firms have issued reports on LNT. Jefferies Group LLC reaffirmed a “hold” rating and set a $43.00 price target (up from $42.00) on shares of Alliant Energy Corporation in a research report on Wednesday, August 9th. BidaskClub raised shares of Alliant Energy Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $41.25.

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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