Alpha Omega Wealth Management LLC Sells 1,094 Shares of Alliant Energy Co. (NASDAQ:LNT)

Alpha Omega Wealth Management LLC cut its holdings in Alliant Energy Co. (NASDAQ:LNT) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 60,715 shares of the company’s stock after selling 1,094 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in Alliant Energy were worth $3,591,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Millennium Management LLC boosted its stake in Alliant Energy by 2,141.3% during the 2nd quarter. Millennium Management LLC now owns 180,402 shares of the company’s stock worth $9,182,000 after acquiring an additional 172,353 shares during the last quarter. Creative Planning boosted its position in shares of Alliant Energy by 1.8% during the second quarter. Creative Planning now owns 65,617 shares of the company’s stock worth $3,340,000 after purchasing an additional 1,143 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Alliant Energy in the 2nd quarter valued at $1,144,000. Massmutual Trust Co. FSB ADV increased its position in shares of Alliant Energy by 7.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,605 shares of the company’s stock valued at $158,000 after buying an additional 174 shares in the last quarter. Finally, Czech National Bank raised its stake in Alliant Energy by 7.0% during the 3rd quarter. Czech National Bank now owns 52,251 shares of the company’s stock worth $3,171,000 after buying an additional 3,396 shares during the period. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Stock Down 0.8 %

Alliant Energy stock opened at $58.88 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33. Alliant Energy Co. has a 1-year low of $46.80 and a 1-year high of $64.19. The company has a fifty day simple moving average of $59.82 and a 200 day simple moving average of $59.13. The company has a market cap of $15.11 billion, a P/E ratio of 22.82, a price-to-earnings-growth ratio of 2.69 and a beta of 0.60.

Alliant Energy (NASDAQ:LNT) last released its earnings results on Thursday, October 31st. The company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.05. Alliant Energy had a return on equity of 10.56% and a net margin of 16.66%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the business earned $1.05 earnings per share. Alliant Energy’s quarterly revenue was up .4% on a year-over-year basis. Research analysts anticipate that Alliant Energy Co. will post 3.03 earnings per share for the current fiscal year.

Alliant Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 31st will be paid a $0.5075 dividend. The ex-dividend date of this dividend is Friday, January 31st. This is a boost from Alliant Energy’s previous quarterly dividend of $0.48. This represents a $2.03 annualized dividend and a dividend yield of 3.45%. Alliant Energy’s dividend payout ratio (DPR) is currently 74.42%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Barclays decreased their target price on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. Wells Fargo & Company decreased their price objective on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Mizuho raised their target price on shares of Alliant Energy from $52.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, October 4th. Scotiabank cut shares of Alliant Energy from a “sector outperform” rating to a “sector perform” rating and upped their price target for the company from $64.00 to $67.00 in a report on Thursday, December 12th. Finally, BMO Capital Markets dropped their price objective on shares of Alliant Energy from $65.00 to $61.00 and set a “market perform” rating on the stock in a report on Monday, November 4th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $63.39.

Alliant Energy Profile

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.