Should Alliant Energy Corporation (NYSE:LNT) investors track the following data?
In today’s marketplace, there are plenty of methods shareholders can use to watch the equity markets. A couple of the best are hedge fund and insider trading movement. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the top money managers can outperform their index-focused peers by a significant margin (see just how much).
Just as useful, optimistic insider trading activity is a second way to analyze the world of equities. Obviously, there are many motivations for a bullish insider to get rid of shares of his or her company, but only one, very clear reason why they would behave bullishly. Plenty of empirical studies have demonstrated the valuable potential of this tactic if shareholders understand where to look (learn more here).
Thus, it’s important to analyze the recent info surrounding Alliant Energy Corporation (NYSE:LNT).
What does the smart money think about Alliant Energy Corporation (NYSE:LNT)?
In preparation for the third quarter, a total of 15 of the hedge funds we track were bullish in this stock, a change of 15% from one quarter earlier. With the smart money’s positions undergoing their usual ebb and flow, there exists a few key hedge fund managers who were upping their holdings considerably.
When using filings from the hedgies we track, Israel Englander’s Millennium Management had the most valuable position in Alliant Energy Corporation (NYSE:LNT), worth close to $47.7 million, comprising 0.1% of its total 13F portfolio. Coming in second is Decade Capital Management, managed by Millennium Management Subsidiary, which held a $38.4 million position; the fund has 2.5% of its 13F portfolio invested in the stock. Some other peers that are bullish include D. E. Shaw’s D E Shaw, Ken Griffin’s Citadel Investment Group and Jim Simons’s Renaissance Technologies.
As aggregate interest spiked, certain bigger names were leading the bulls’ herd. Millennium Management, managed by Israel Englander, created the most outsized position in Alliant Energy Corporation (NYSE:LNT). Millennium Management had 47.7 million invested in the company at the end of the quarter. Millennium Management Subsidiary’s Decade Capital Management also made a $38.4 million investment in the stock during the quarter. The other funds with new positions in the stock are D. E. Shaw’s D E Shaw, Ken Griffin’s Citadel Investment Group, and Jim Simons’s Renaissance Technologies.
How are insiders trading Alliant Energy Corporation (NYSE:LNT)?
Insider buying made by high-level executives is most useful when the primary stock in question has experienced transactions within the past 180 days. Over the last six-month time frame, Alliant Energy Corporation (NYSE:LNT) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).
We’ll go over the relationship between both of these indicators in other stocks similar to Alliant Energy Corporation (NYSE:LNT). These stocks are Centrais Eletricas Brasileiras SA (ADR) (NYSE:EBR), ITC Holdings Corp. (NYSE:ITC), Pinnacle West Capital Corporation (NYSE:PNW), Pepco Holdings, Inc. (NYSE:POM), and Brookfield Infrastructure Partners L.P. (NYSE:BIP). This group of stocks are in the electric utilities industry and their market caps are closest to LNT’s market cap.