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Blackhawk Capital Partners LLC. Lowers Stake in Alliant Energy Corporation (NASDAQ:LNT)

Alliant Energy logo with Utilities background

Blackhawk Capital Partners LLC. cut its holdings in Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 33.2% during the first quarter, according to its most recent 13F 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 quarter. Blackhawk Capital Partners LLC.'s holdings in Alliant Energy were worth $1,144,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Alpine Bank Wealth Management purchased a new stake in Alliant Energy during the 1st quarter valued at about $29,000. SBI Securities Co. Ltd. purchased a new stake in Alliant Energy during the 4th quarter valued at about $29,000. TD Private Client Wealth LLC purchased a new stake in Alliant Energy during the 1st quarter valued at about $34,000. Tsfg LLC purchased a new stake in Alliant Energy during the 1st quarter valued at about $34,000. Finally, Larson Financial Group LLC grew its position in Alliant Energy by 67.5% during the 4th quarter. Larson Financial Group LLC now owns 722 shares of the company's stock valued at $43,000 after purchasing an additional 291 shares during the last quarter. 79.90% of the stock is owned by hedge funds and other institutional investors.

Alliant Energy Stock Performance

Shares of LNT traded down $0.52 on Friday, reaching $62.08. The company's stock had a trading volume of 1,231,138 shares, compared to its average volume of 1,728,016. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.34 and a quick ratio of 0.24. The stock has a market capitalization of $15.95 billion, a P/E ratio of 21.41, a PEG ratio of 2.95 and a beta of 0.56. The stock's 50 day simple moving average is $61.25 and its two-hundred day simple moving average is $61.08. Alliant Energy Corporation has a 12-month low of $53.12 and a 12-month high of $66.54.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.71 by $0.12. Alliant Energy had a net margin of 18.26% and a return on equity of 12.01%. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the firm posted $0.62 earnings per share. The firm's revenue was up 9.4% compared to the same quarter last year. Research analysts forecast that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Barclays cut shares of Alliant Energy from an "equal weight" rating to an "underweight" rating and upped their target price for the company from $59.00 to $61.00 in a research note on Tuesday, April 22nd. Wall Street Zen upgraded shares of Alliant Energy from a "sell" rating to a "hold" rating in a research note 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 target price on the stock in a research note on Monday. BMO Capital Markets lowered their target price on shares of Alliant Energy from $66.00 to $64.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Finally, Jefferies Financial Group set a $71.00 target price on shares of Alliant Energy and gave the company a "buy" rating in a research note on Tuesday, May 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $64.23.

Check Out Our Latest Report on LNT

Alliant Energy Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Alliant Energy (NASDAQ:LNT)

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