Alliant Energy Corporation (LNT) Shares Bought by Zurich Insurance Group Ltd FI

Zurich Insurance Group Ltd FI raised its holdings in Alliant Energy Corporation (NYSE:LNT) by 202.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,782 shares of the utilities provider’s stock after purchasing an additional 21,282 shares during the quarter. Zurich Insurance Group Ltd FI’s holdings in Alliant Energy Corporation were worth $1,277,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of LNT. BlackRock Inc. grew its stake in shares of Alliant Energy Corporation by 2,934.0% in the first quarter. BlackRock Inc. now owns 18,092,905 shares of the utilities provider’s stock valued at $716,659,000 after buying an additional 17,496,557 shares in the last quarter. Mackenzie Financial Corp acquired a new stake in shares of Alliant Energy Corporation in the first quarter valued at $570,000. FMR LLC grew its stake in shares of Alliant Energy Corporation by 25.0% in the first quarter. FMR LLC now owns 6,791,770 shares of the utilities provider’s stock valued at $269,021,000 after buying an additional 1,356,522 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Alliant Energy Corporation by 107.3% in the second quarter. Principal Financial Group Inc. now owns 2,224,465 shares of the utilities provider’s stock valued at $89,356,000 after buying an additional 1,151,182 shares in the last quarter. Finally, Citadel Advisors LLC grew its stake in shares of Alliant Energy Corporation by 4,133.1% in the first quarter. Citadel Advisors LLC now owns 717,094 shares of the utilities provider’s stock valued at $28,404,000 after buying an additional 700,154 shares in the last quarter. Institutional investors own 66.52% of the company’s stock.

A number of equities research analysts have recently weighed in on LNT shares. BidaskClub raised Alliant Energy Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $43.00 price objective (up from $42.00) on shares of Alliant Energy Corporation in a research note on Wednesday, August 9th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $41.25.

ILLEGAL ACTIVITY WARNING: “Alliant Energy Corporation (LNT) Shares Bought by Zurich Insurance Group Ltd FI” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another website, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this story can be viewed at https://ledgergazette.com/2017/10/09/alliant-energy-corporation-lnt-shares-bought-by-zurich-insurance-group-ltd-fi.html.

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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.33% of the stock is currently owned by corporate insiders.

Shares of Alliant Energy Corporation (NYSE:LNT) opened at 41.92 on Monday. The stock has a 50 day moving average price of $42.45 and a 200-day moving average price of $40.98. The firm has a market capitalization of $9.69 billion, a PE ratio of 24.75 and a beta of 0.43. Alliant Energy Corporation has a 52 week low of $34.88 and a 52 week high of $43.69.

Alliant Energy Corporation (NYSE:LNT) last issued its earnings results on Thursday, August 3rd. The utilities provider reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. The business had revenue of $765.30 milli

A number of other large investors have also bought and sold shares of LNT. BlackRock Inc. grew its stake in shares of Alliant Energy Corporation by 2,934.0% in the first quarter. BlackRock Inc. now owns 18,092,905 shares of the utilities provider’s stock valued at $716,659,000 after buying an additional 17,496,557 shares in the last quarter. Mackenzie Financial Corp acquired a new stake in shares of Alliant Energy Corporation in the first quarter valued at $570,000. FMR LLC grew its stake in shares of Alliant Energy Corporation by 25.0% in the first quarter. FMR LLC now owns 6,791,770 shares of the utilities provider’s stock valued at $269,021,000 after buying an additional 1,356,522 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Alliant Energy Corporation by 107.3% in the second quarter. Principal Financial Group Inc. now owns 2,224,465 shares of the utilities provider’s stock valued at $89,356,000 after buying an additional 1,151,182 shares in the last quarter. Finally, Citadel Advisors LLC grew its stake in shares of Alliant Energy Corporation by 4,133.1% in the first quarter. Citadel Advisors LLC now owns 717,094 shares of the utilities provider’s stock valued at $28,404,000 after buying an additional 700,154 shares in the last quarter. Institutional investors own 66.52% of the company’s stock.

A number of equities research analysts have recently weighed in on LNT shares. BidaskClub raised Alliant Energy Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $43.00 price objective (up from $42.00) on shares of Alliant Energy Corporation in a research note on Wednesday, August 9th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $41.25.

ILLEGAL ACTIVITY WARNING: “Alliant Energy Corporation (LNT) Shares Bought by Zurich Insurance Group Ltd FI” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another website, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this story can be viewed at https://ledgergazette.com/2017/10/09/alliant-energy-corporation-lnt-shares-bought-by-zurich-insurance-group-ltd-fi.html.

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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.33% of the stock is currently owned by corporate insiders.

Shares of Alliant Energy Corporation (NYSE:LNT) opened at 41.92 on Monday. The stock has a 50 day moving average price of $42.45 and a 200-day moving average price of $40.98. The firm has a market capitalization of $9.69 billion, a PE ratio of 24.75 and a beta of 0.43. Alliant Energy Corporation has a 52 week low of $34.88 and a 52 week high of $43.69.

Alliant Energy Corporation (NYSE:LNT) last issued its earnings results on Thursday, August 3rd. The utilities provider reported $0.41 earnings per share 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 business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the company posted $0.37 EPS. Equities analysts anticipate that Alliant Energy Corporation will post $2.01 earnings per share for the current year.

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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