Mesirow Financial Investment Management Equity Management Has $2,179,000 Stake in Alliant Energy Corporation (NYSE:LNT)

Mesirow Financial Investment Management Equity Management continued to hold its stake in shares of Alliant Energy Corporation (NYSE:LNT) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 54,220 shares of the utilities provider’s stock at the end of the second quarter. Mesirow Financial Investment Management Equity Management’s holdings in Alliant Energy Corporation were worth $2,179,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in LNT. Advisor Partners LLC increased its stake in shares of Alliant Energy Corporation by 3.9% in the second quarter. Advisor Partners LLC now owns 9,607 shares of the utilities provider’s stock worth $386,000 after buying an additional 362 shares during the last quarter. Retirement Systems of Alabama increased its stake in shares of Alliant Energy Corporation by 0.4% in the second quarter. Retirement Systems of Alabama now owns 110,462 shares of the utilities provider’s stock worth $4,437,000 after buying an additional 403 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Alliant Energy Corporation by 9.0% in the second quarter. IFP Advisors Inc now owns 19,088 shares of the utilities provider’s stock worth $767,000 after buying an additional 1,580 shares during the last quarter. Korea Investment CORP acquired a new position in shares of Alliant Energy Corporation during the second quarter valued at $3,005,000. Finally, Sei Investments Co. boosted its position in shares of Alliant Energy Corporation by 33.8% in the second quarter. Sei Investments Co. now owns 209,135 shares of the utilities provider’s stock valued at $8,401,000 after buying an additional 52,886 shares during the period. 67.26% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Alliant Energy Corporation (LNT) opened at 42.24 on Friday. The company has a market cap of $9.76 billion, a PE ratio of 24.94 and a beta of 0.41. Alliant Energy Corporation has a 1-year low of $34.88 and a 1-year high of $42.32. The firm’s 50-day moving average is $40.75 and its 200-day moving average is $40.02.

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, beating the Zacks’ consensus estimate of $0.39 by $0.02. Alliant Energy Corporation had a return on equity of 11.43% and a net margin of 11.85%. The company had revenue of $765.30 million during the quarter, compared to the consensus estimate of $725.92 million. During the same period in the previous year, the company posted $0.37 earnings per share. Alliant Energy Corporation’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, equities analysts forecast that Alliant Energy Corporation will post $2.01 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st were paid a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a dividend yield of 2.98%. The ex-dividend date was Thursday, July 27th. Alliant Energy Corporation’s payout ratio is 74.12%.

ILLEGAL ACTIVITY NOTICE: “Mesirow Financial Investment Management Equity Management Has $2,179,000 Stake in Alliant Energy Corporation (NYSE:LNT)” was originally reported by Community Financial News and is owned by of Community Financial News. If you are accessing this article on another site, it was stolen and republished in violation of US and international trademark & copyright laws. The original version of this article can be read at https://www.com-unik.info/2017/08/19/alliant-energy-corporation-nyselnt-stake-held-by-mesirow-financial-investment-management-equity-management-updated.html.

Several equities analysts have recently weighed in on the stock. Jefferies Group LLC reiterated a “hold” rating and issued a $43.00 price objective (up previously from $42.00) on shares of Alliant Energy Corporation in a research note on Wednesday, August 9th. BidaskClub upgraded shares of Alliant Energy Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research upgraded shares of Alliant Energy Corporation from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research note on Thursday, June 29th. Barclays PLC reiterated an “equal weight” rating and issued a $43.00 price objective (up previously from $41.00) on shares of Alliant Energy Corporation in a research note on Thursday, June 1st. Finally, UBS AG restated a “neutral” rating and set a $42.00 target price (up previously from $41.00) on shares of Alliant Energy Corporation in a research note on Wednesday, May 10th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Alliant Energy Corporation presently has an average rating of “Hold” and an average target price of $42.33.

In other news, SVP James H. Gallegos sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $41.25, for a total transaction of $206,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.33% of the company’s stock.

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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