Olistico Wealth LLC Decreases Stock Position in Alliant Energy Corporation (NASDAQ:LNT)

Olistico Wealth LLC cut its stake in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 52.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,106 shares of the company's stock after selling 21,132 shares during the period. Alliant Energy makes up 0.8% of Olistico Wealth LLC's holdings, making the stock its 29th biggest holding. Olistico Wealth LLC's holdings in Alliant Energy were worth $1,229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Sowell Financial Services LLC acquired a new stake in Alliant Energy during the first quarter worth approximately $316,000. Wealth Enhancement Advisory Services LLC raised its holdings in Alliant Energy by 1.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 65,585 shares of the company's stock worth $4,220,000 after purchasing an additional 1,198 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in Alliant Energy by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 30,063 shares of the company's stock worth $1,934,000 after purchasing an additional 800 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Alliant Energy by 112.9% during the first quarter. Farther Finance Advisors LLC now owns 5,860 shares of the company's stock worth $378,000 after purchasing an additional 3,108 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in Alliant Energy during the fourth quarter worth approximately $29,000. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LNT has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Alliant Energy from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. BMO Capital Markets cut 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 report on Tuesday, April 22nd. Barclays cut shares of Alliant Energy from an "equal weight" rating to an "underweight" rating and lifted their target price for the company from $59.00 to $61.00 in a report on Tuesday, April 22nd. Jefferies Financial Group set a $71.00 target price on shares of Alliant Energy and gave the company a "buy" rating in a report on Tuesday, May 20th. Finally, Wolfe Research raised 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 report on Monday. One 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.com, Alliant Energy has a consensus rating of "Hold" and a consensus target price of $64.32.

Alliant Energy Trading Up 0.8%

LNT traded up $0.46 on Wednesday, reaching $61.72. 1,758,441 shares of the company's stock were exchanged, compared to its average volume of 1,727,671. The company's 50 day moving average is $61.18 and its 200-day moving average is $61.04. The company has a market cap of $15.85 billion, a price-to-earnings ratio of 21.28, a PEG ratio of 2.92 and a beta of 0.56. Alliant Energy Corporation has a twelve month low of $51.27 and a twelve month high of $66.54. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.24 and a current ratio of 0.34.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its earnings results 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. The firm 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%. The company's revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.62 EPS. Equities analysts predict 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.