BlackRock Inc. Sells 101,729 Shares of Alliant Energy Corporation (LNT)

BlackRock Inc. trimmed its holdings in Alliant Energy Corporation (NYSE:LNT) by 0.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,991,176 shares of the utilities provider’s stock after selling 101,729 shares during the period. BlackRock Inc. owned 7.90% of Alliant Energy Corporation worth $722,705,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of LNT. Pacad Investment Ltd. acquired a new stake in shares of Alliant Energy Corporation in the second quarter valued at about $125,000. Mosaic Family Wealth LLC raised its position in shares of Alliant Energy Corporation by 0.8% in the second quarter. Mosaic Family Wealth LLC now owns 3,237 shares of the utilities provider’s stock valued at $130,000 after buying an additional 25 shares during the last quarter. Huntington National Bank raised its position in shares of Alliant Energy Corporation by 229.2% in the second quarter. Huntington National Bank now owns 3,292 shares of the utilities provider’s stock valued at $133,000 after buying an additional 2,292 shares during the last quarter. Pacer Advisors Inc. raised 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 during the last quarter. Finally, Federated Investors Inc. PA raised its position in shares of Alliant Energy Corporation by 8.2% in the second quarter. Federated Investors Inc. PA now owns 4,288 shares of the utilities provider’s stock valued at $172,000 after buying an additional 326 shares during the last quarter. Institutional investors and hedge funds own 66.52% of the company’s stock.

Alliant Energy Corporation (NYSE:LNT) last announced its earnings results on Thursday, August 3rd. The utilities provider reported $0.41 earnings per share for the quarter, beating the 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 quarter in the previous year, the company posted $0.37 EPS. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis.

A number of equities research analysts have recently commented on LNT shares. Barclays PLC reiterated an “equal weight” rating and issued a $43.00 target price (up from $41.00) on shares of Alliant Energy Corporation in a research report on Thursday, June 1st. BidaskClub cut shares of Alliant Energy Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. Zacks Investment Research upgraded shares of Alliant Energy Corporation from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research report on Thursday, June 29th. Finally, Jefferies Group LLC restated a “hold” rating and set a $43.00 price objective (up from $42.00) on shares of Alliant Energy Corporation in a research report on Wednesday, August 9th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $42.20.

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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 Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.33% of the company’s stock.

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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