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

Alpha Omega Wealth Management LLC trimmed its stake in Alliant Energy Co. (NASDAQ:LNT - Free Report) by 7.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. increased its position in Alliant Energy by 9,113.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,187,345 shares of the company's stock worth $247,640,000 after buying an additional 4,141,895 shares during the last quarter. GAMMA Investing LLC boosted its position in Alliant Energy by 6,869.6% during the first quarter. GAMMA Investing LLC now owns 1,114,027 shares of the company's stock worth $71,688,000 after purchasing an additional 1,098,043 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Alliant Energy in the fourth quarter valued at about $31,201,000. Massachusetts Financial Services Co. MA lifted its stake in shares of Alliant Energy by 7.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,012,572 shares of the company's stock worth $414,724,000 after buying an additional 499,802 shares during the last quarter. Finally, Balyasny Asset Management L.P. acquired a new position in Alliant Energy in the 4th quarter valued at about $24,396,000. Institutional investors own 79.90% of the company's stock.

Alliant Energy Price Performance

Alliant Energy stock traded up $0.40 during trading hours on Thursday, reaching $61.53. 1,317,891 shares of the stock were exchanged, compared to its average volume of 1,705,244. 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 twelve month low of $49.25 and a twelve month high of $66.54. The company has a market cap of $15.81 billion, a P/E ratio of 22.87, a price-to-earnings-growth ratio of 2.83 and a beta of 0.57. The stock has a 50 day moving average of $61.10 and a two-hundred day moving average of $61.07.

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

Alliant Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were paid a $0.5075 dividend. This represents a $2.03 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend was Wednesday, April 30th. Alliant Energy's dividend payout ratio (DPR) is presently 70.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. BMO Capital Markets cut their price objective on shares of Alliant Energy from $66.00 to $64.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. Barclays cut Alliant Energy from an "equal weight" rating to an "underweight" rating and lifted their price target for the stock from $59.00 to $61.00 in a report on Tuesday, April 22nd. Wall Street Zen upgraded Alliant Energy from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Jefferies Financial Group set a $71.00 price objective on Alliant Energy and gave the company a "buy" rating in a report on Tuesday, May 20th. Finally, Guggenheim reissued a "neutral" rating and set a $57.00 target price on shares of Alliant Energy in a report on Monday, February 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target 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.