Blackhawk Capital Partners LLC. Reduces Holdings in Alliant Energy Corporation (NASDAQ:LNT)

Blackhawk Capital Partners LLC. lowered its holdings in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 33.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,781 shares of the company's stock after selling 8,841 shares during the period. Blackhawk Capital Partners LLC.'s holdings in Alliant Energy were worth $1,144,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. lifted its stake in shares of Alliant Energy by 9,113.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,187,345 shares of the company's stock worth $247,640,000 after acquiring an additional 4,141,895 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Alliant Energy in the 1st quarter worth $82,496,000. GAMMA Investing LLC increased its holdings in shares of Alliant Energy by 6,869.6% in the 1st quarter. GAMMA Investing LLC now owns 1,114,027 shares of the company's stock valued at $71,688,000 after purchasing an additional 1,098,043 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Alliant Energy in the 4th quarter valued at about $31,201,000. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Alliant Energy by 7.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,012,572 shares of the company's stock valued at $414,724,000 after purchasing an additional 499,802 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on LNT shares. Wall Street Zen upgraded shares of Alliant Energy from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Wolfe Research upgraded shares of Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 price target for the company in a report on Monday. UBS Group lifted their price target on shares of Alliant Energy from $65.00 to $68.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Barclays downgraded shares of 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. Finally, BMO Capital Markets lowered their price target on shares of Alliant Energy from $66.00 to $64.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $64.32.

Alliant Energy Price Performance

LNT opened at $61.95 on Tuesday. The company has a quick ratio of 0.24, a current ratio of 0.34 and a debt-to-equity ratio of 1.21. Alliant Energy Corporation has a 52-week low of $51.23 and a 52-week high of $66.54. The company has a 50 day moving average of $61.18 and a two-hundred day moving average of $61.03. The company has a market cap of $15.91 billion, a P/E ratio of 21.36, a P/E/G ratio of 2.90 and a beta of 0.56.

Alliant Energy (NASDAQ:LNT - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.09 billion. Alliant Energy had a net margin of 18.26% and a return on equity of 12.01%. Alliant Energy's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.62 earnings per share. On average, analysts expect that Alliant Energy Corporation will post 3.23 earnings per share for the current year.

Alliant Energy Company 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.

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