Zurich Insurance Group Ltd FI lifted its position in Alliant Energy Co. (NYSE:LNT) by 1.9% in the second quarter, HoldingsChannel reports. The firm owned 88,992 shares of the utilities provider’s stock after purchasing an additional 1,681 shares during the quarter. Zurich Insurance Group Ltd FI’s holdings in Alliant Energy were worth $3,766,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tyers Asset Management LLC boosted its holdings in shares of Alliant Energy by 90.4% in the 2nd quarter. Tyers Asset Management LLC now owns 20,152 shares of the utilities provider’s stock worth $853,000 after purchasing an additional 9,570 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Alliant Energy by 0.7% in the 2nd quarter. BlackRock Inc. now owns 21,615,260 shares of the utilities provider’s stock worth $914,758,000 after purchasing an additional 140,957 shares in the last quarter. Magellan Asset Management Ltd boosted its holdings in shares of Alliant Energy by 17.4% in the 1st quarter. Magellan Asset Management Ltd now owns 179,870 shares of the utilities provider’s stock worth $7,349,000 after purchasing an additional 26,688 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Alliant Energy by 72.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 14,258 shares of the utilities provider’s stock worth $603,000 after purchasing an additional 6,003 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Alliant Energy by 3.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,229,269 shares of the utilities provider’s stock worth $52,023,000 after purchasing an additional 39,986 shares in the last quarter. Hedge funds and other institutional investors own 70.90% of the company’s stock.

LNT has been the subject of a number of research reports. Wolfe Research cut Alliant Energy from a “peer perform” rating to an “underperform” rating in a report on Monday, August 13th. Zacks Investment Research upgraded Alliant Energy from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Monday, July 23rd. Howard Weil assumed coverage on Alliant Energy in a report on Tuesday, July 24th. They issued a “sector perform” rating and a $44.00 price objective for the company. UBS Group increased their target price on Alliant Energy from $43.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, August 10th. Finally, Wells Fargo & Co increased their target price on Alliant Energy from $45.00 to $47.00 and gave the company a “market perform” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $45.33.

Shares of LNT stock opened at $43.99 on Tuesday. The stock has a market cap of $10.25 billion, a P/E ratio of 22.79, a P/E/G ratio of 3.74 and a beta of 0.22. Alliant Energy Co. has a 1-year low of $36.84 and a 1-year high of $45.55. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.64 and a quick ratio of 0.48.

Alliant Energy (NYSE:LNT) last issued its earnings results on Thursday, August 2nd. The utilities provider reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.02). The company had revenue of $816.10 million for the quarter, compared to analysts’ expectations of $789.73 million. Alliant Energy had a net margin of 14.14% and a return on equity of 11.35%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.41 earnings per share. equities research analysts expect that Alliant Energy Co. will post 2.13 EPS for the current fiscal year.

In related news, Director Deborah B. Dunie bought 1,250 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The stock was bought at an average cost of $43.80 per share, for a total transaction of $54,750.00. Following the acquisition, the director now directly owns 12,300 shares of the company’s stock, valued at approximately $538,740. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.25% of the company’s stock.

Alliant Energy Company Profile

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the Midwest region of the United States. It operates through three segments: Electric, Gas, and Other. The company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinois, and Iowa; and generates and distributes steam in Cedar Rapids, Iowa.

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

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