Alpha Omega Wealth Management LLC Sells 4,270 Shares of Alliant Energy Co. (NASDAQ:LNT)

Alpha Omega Wealth Management LLC cut its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 7.0% in the 1st quarter, HoldingsChannel reports. The firm owned 56,445 shares of the company’s stock after selling 4,270 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in Alliant Energy were worth $3,632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in shares of Alliant Energy in the fourth quarter valued at $29,000. Larson Financial Group LLC increased its holdings in Alliant Energy by 67.5% in the 4th quarter. Larson Financial Group LLC now owns 722 shares of the company’s stock worth $43,000 after acquiring an additional 291 shares during the last quarter. WASHINGTON TRUST Co raised its stake in Alliant Energy by 251.2% in the 4th quarter. WASHINGTON TRUST Co now owns 878 shares of the company’s stock valued at $52,000 after acquiring an additional 628 shares during the period. Newbridge Financial Services Group Inc. purchased a new stake in Alliant Energy during the fourth quarter valued at about $53,000. Finally, Optiver Holding B.V. boosted its position in Alliant Energy by 382.5% during the fourth quarter. Optiver Holding B.V. now owns 912 shares of the company’s stock worth $54,000 after purchasing an additional 723 shares during the period. 79.90% of the stock is currently owned by institutional investors.

Alliant Energy Price Performance

NASDAQ:LNT opened at $60.86 on Wednesday. Alliant Energy Co. has a 52-week low of $49.25 and a 52-week high of $66.54. The stock has a fifty day moving average of $61.07 and a 200 day moving average of $61.08. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86. The firm has a market capitalization of $15.63 billion, a price-to-earnings ratio of 22.62, a P/E/G ratio of 2.83 and a beta of 0.57.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.12. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.09 billion. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the company posted $0.62 EPS. On average, research analysts expect that Alliant Energy Co. will post 3.23 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were issued a $0.5075 dividend. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date was Wednesday, April 30th. Alliant Energy’s payout ratio is 70.00%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on LNT shares. BMO Capital Markets lowered their price target on shares of Alliant Energy from $66.00 to $64.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 22nd. Guggenheim reissued a “neutral” rating and set a $57.00 target price on shares of Alliant Energy in a report on Monday, February 24th. Barclays lowered Alliant Energy from an “equal weight” rating to an “underweight” rating and raised their price target for the stock from $59.00 to $61.00 in a report on Tuesday, April 22nd. UBS Group boosted their price objective on Alliant Energy from $65.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Finally, Wall Street Zen raised Alliant Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 15th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $63.95.

About Alliant Energy

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the United States. It operates in three segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. The company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinois, and Iowa; and generates and distributes steam in Cedar Rapids, Iowa.