Northwestern Mutual Wealth Management Co. Purchases 2,755 Shares of Alliant Energy Corporation (NYSE:LNT)

Northwestern Mutual Wealth Management Co. increased its position in Alliant Energy Corporation (NYSE:LNT) by 59.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,397 shares of the utilities provider’s stock after buying an additional 2,755 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Alliant Energy Corporation were worth $297,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Dai Ichi Life Insurance Company Ltd increased its holdings in Alliant Energy Corporation by 138.0% in the second quarter. Dai Ichi Life Insurance Company Ltd now owns 86,234 shares of the utilities provider’s stock worth $3,464,000 after buying an additional 50,000 shares during the last quarter. Aberdeen Asset Management PLC UK increased its holdings in Alliant Energy Corporation by 20.8% in the second quarter. Aberdeen Asset Management PLC UK now owns 72,117 shares of the utilities provider’s stock worth $2,897,000 after buying an additional 12,432 shares during the last quarter. Hennessy Advisors Inc. increased its holdings in Alliant Energy Corporation by 0.5% in the second quarter. Hennessy Advisors Inc. now owns 142,008 shares of the utilities provider’s stock worth $5,704,000 after buying an additional 700 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Alliant Energy Corporation by 43.9% in the second quarter. Wells Fargo & Company MN now owns 545,960 shares of the utilities provider’s stock worth $21,931,000 after buying an additional 166,579 shares during the last quarter. Finally, Eaton Vance Management increased its holdings in Alliant Energy Corporation by 33.0% in the second quarter. Eaton Vance Management now owns 10,692 shares of the utilities provider’s stock worth $429,000 after buying an additional 2,655 shares during the last quarter. Hedge funds and other institutional investors own 66.52% of the company’s stock.

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

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In other Alliant Energy Corporation news, insider Wayne A. Reschke sold 2,000 shares of the stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $42.83, for a total value of $85,660.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.33% of the stock is currently owned by corporate insiders.

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

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.

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

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