Delos Wealth Advisors LLC Cuts Position in Alliant Energy Co. (NASDAQ:LNT)

Delos Wealth Advisors LLC cut its position in Alliant Energy Co. (NASDAQ:LNT) by 1.0% during the fourth quarter, HoldingsChannel reports. The firm owned 26,778 shares of the company’s stock after selling 282 shares during the quarter. Alliant Energy accounts for 2.0% of Delos Wealth Advisors LLC’s holdings, making the stock its 19th biggest position. Delos Wealth Advisors LLC’s holdings in Alliant Energy were worth $1,374,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Centennial Wealth Advisory LLC increased its stake in Alliant Energy by 3.7% in the fourth quarter. Centennial Wealth Advisory LLC now owns 5,896 shares of the company’s stock valued at $302,000 after purchasing an additional 210 shares during the last quarter. IFM Investors Pty Ltd boosted its stake in Alliant Energy by 0.3% in the fourth quarter. IFM Investors Pty Ltd now owns 79,165 shares of the company’s stock valued at $4,061,000 after acquiring an additional 233 shares in the last quarter. Lincoln National Corp grew its holdings in shares of Alliant Energy by 5.0% during the third quarter. Lincoln National Corp now owns 5,025 shares of the company’s stock worth $243,000 after purchasing an additional 238 shares during the last quarter. Ieq Capital LLC increased its position in shares of Alliant Energy by 2.3% during the third quarter. Ieq Capital LLC now owns 10,573 shares of the company’s stock worth $512,000 after purchasing an additional 241 shares in the last quarter. Finally, Stratos Wealth Partners LTD. lifted its holdings in shares of Alliant Energy by 6.5% in the 4th quarter. Stratos Wealth Partners LTD. now owns 4,643 shares of the company’s stock valued at $238,000 after purchasing an additional 285 shares during the last quarter. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Lisa M. Barton bought 1,100 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were bought at an average cost of $48.56 per share, for a total transaction of $53,416.00. Following the completion of the transaction, the chief executive officer now owns 36,444 shares in the company, valued at $1,769,720.64. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LNT. Bank of America decreased their price objective on Alliant Energy from $55.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, April 11th. LADENBURG THALM/SH SH lowered their price objective on shares of Alliant Energy from $48.50 to $48.00 and set a “neutral” rating on the stock in a research report on Monday, April 29th. Scotiabank reduced their target price on shares of Alliant Energy from $57.00 to $53.00 and set a “sector outperform” rating for the company in a report on Monday, April 22nd. Wells Fargo & Company raised their price target on Alliant Energy from $55.00 to $56.00 and gave the stock an “overweight” rating in a report on Monday. Finally, BMO Capital Markets increased their price objective on Alliant Energy from $51.00 to $53.00 and gave the stock a “market perform” rating in a research report on Monday, April 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Alliant Energy presently has a consensus rating of “Hold” and a consensus price target of $51.38.

Alliant Energy Stock Performance

NASDAQ LNT traded up $0.49 on Thursday, hitting $51.70. 1,070,566 shares of the company’s stock were exchanged, compared to its average volume of 1,900,425. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.56 and a quick ratio of 0.40. The firm’s 50-day moving average price is $49.27 and its two-hundred day moving average price is $49.60. The firm has a market cap of $13.25 billion, a price-to-earnings ratio of 18.72, a P/E/G ratio of 2.69 and a beta of 0.54. Alliant Energy Co. has a fifty-two week low of $45.15 and a fifty-two week high of $56.26.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings data on Friday, May 3rd. The company reported $0.62 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.62. Alliant Energy had a return on equity of 10.57% and a net margin of 17.53%. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the business posted $0.65 earnings per share. Alliant Energy’s revenue was down 4.3% compared to the same quarter last year. On average, research analysts expect that Alliant Energy Co. will post 3.08 EPS for the current year.

Alliant Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.92 dividend on an annualized basis and a yield of 3.71%. Alliant Energy’s dividend payout ratio (DPR) is presently 69.82%.

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.