M&R Capital Management Inc. Holds Holdings in Alliant Energy Corporation (LNT)

M&R Capital Management Inc. continued to hold its stake in Alliant Energy Corporation (NYSE:LNT) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,628 shares of the utilities provider’s stock at the close of the second quarter. M&R Capital Management Inc.’s holdings in Alliant Energy Corporation were worth $108,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. grew its holdings in Alliant Energy Corporation by 5.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 50,098 shares of the utilities provider’s stock valued at $2,013,000 after purchasing an additional 2,726 shares during the period. Cornerstone Capital Management Holdings LLC. grew its holdings in Alliant Energy Corporation by 14.1% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 44,466 shares of the utilities provider’s stock valued at $1,785,000 after purchasing an additional 5,500 shares during the period. Janus Henderson Group PLC grew its holdings in Alliant Energy Corporation by 11,520.8% during the second quarter. Janus Henderson Group PLC now owns 3,638,001 shares of the utilities provider’s stock valued at $146,138,000 after purchasing an additional 3,606,695 shares during the period. Zurich Insurance Group Ltd FI grew its holdings in Alliant Energy Corporation by 202.7% during the second quarter. Zurich Insurance Group Ltd FI now owns 31,782 shares of the utilities provider’s stock valued at $1,277,000 after purchasing an additional 21,282 shares during the period. Finally, Employees Retirement System of Texas acquired a new position in Alliant Energy Corporation during the second quarter valued at approximately $603,000. Hedge funds and other institutional investors own 66.52% of the company’s stock.

Alliant Energy Corporation (NYSE:LNT) last posted its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.41 earnings per share (EPS) 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 business had revenue of $765.30 million during the quarter, compared to the consensus estimate of $725.92 million. During the same quarter last year, the firm posted $0.37 EPS. Alliant Energy Corporation’s revenue was up 1.4% compared to the same quarter last year.

A number of brokerages recently issued reports on LNT. Jefferies Group LLC restated a “hold” rating and set a $43.00 price objective (up previously from $42.00) on shares of Alliant Energy Corporation in a report on Wednesday, August 9th. BidaskClub upgraded shares of Alliant Energy Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $41.25.

In related news, insider Wayne A. Reschke sold 2,000 shares of Alliant Energy Corporation stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $42.83, for a total value of $85,660.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.33% of the company’s stock.

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Alliant Energy Corporation Company 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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