Alliant Energy Co. (NASDAQ:LNT) Shares Sold by Northwest Wealth Management LLC

Northwest Wealth Management LLC trimmed its stake in shares of Alliant Energy Co. (NASDAQ:LNT) by 4.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,902 shares of the company’s stock after selling 365 shares during the quarter. Northwest Wealth Management LLC’s holdings in Alliant Energy were worth $402,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of LNT. City State Bank grew its position in shares of Alliant Energy by 0.3% during the second quarter. City State Bank now owns 71,147 shares of the company’s stock worth $3,621,000 after buying an additional 195 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Alliant Energy by 0.9% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 21,979 shares of the company’s stock worth $1,119,000 after acquiring an additional 200 shares in the last quarter. Gables Capital Management Inc. increased its position in shares of Alliant Energy by 68.4% in the 4th quarter. Gables Capital Management Inc. now owns 522 shares of the company’s stock valued at $27,000 after purchasing an additional 212 shares during the last quarter. Retirement Systems of Alabama raised its holdings in shares of Alliant Energy by 0.4% in the 2nd quarter. Retirement Systems of Alabama now owns 56,557 shares of the company’s stock valued at $2,879,000 after purchasing an additional 236 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in shares of Alliant Energy by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 70,426 shares of the company’s stock worth $3,585,000 after purchasing an additional 239 shares during the last quarter. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Down 0.7 %

LNT stock opened at $58.58 on Friday. Alliant Energy Co. has a 12 month low of $45.15 and a 12 month high of $59.80. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.65 and a quick ratio of 0.48. The company has a market cap of $15.03 billion, a price-to-earnings ratio of 21.30, a price-to-earnings-growth ratio of 2.82 and a beta of 0.58. The company has a fifty day moving average price of $55.68 and a 200 day moving average price of $51.82.

Alliant Energy (NASDAQ:LNT) last announced its earnings results on Thursday, August 1st. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.07). The business had revenue of $894.00 million during the quarter, compared to analysts’ expectations of $897.03 million. Alliant Energy had a net margin of 15.77% and a return on equity of 10.23%. Alliant Energy’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.64 earnings per share. Sell-side analysts expect that Alliant Energy Co. will post 3.07 earnings per share for the current year.

Alliant Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend was Wednesday, July 31st. Alliant Energy’s payout ratio is currently 69.82%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Scotiabank increased their target price on Alliant Energy from $58.00 to $64.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. BMO Capital Markets upped their price target on Alliant Energy from $58.00 to $60.00 and gave the company a “market perform” rating in a report on Tuesday, August 6th. LADENBURG THALM/SH SH raised shares of Alliant Energy from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $50.00 to $62.50 in a report on Tuesday, August 13th. Bank of America upped their target price on shares of Alliant Energy from $62.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Finally, Wells Fargo & Company lifted their price target on shares of Alliant Energy from $56.00 to $62.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Alliant Energy has an average rating of “Hold” and an average target price of $58.50.

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.