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

Olistico Wealth LLC reduced its stake in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 52.5% in the first quarter, according to its most recent filing with the 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 investment portfolio, making the stock its 29th biggest position. Olistico Wealth LLC's holdings in Alliant Energy were worth $1,229,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. boosted its holdings in Alliant Energy by 9,113.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,187,345 shares of the company's stock valued at $247,640,000 after acquiring an additional 4,141,895 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Alliant Energy during the first quarter valued at approximately $82,496,000. GAMMA Investing LLC grew its holdings in shares of Alliant Energy by 6,869.6% in 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 last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Alliant Energy in the fourth quarter worth $31,201,000. Finally, Massachusetts Financial Services Co. MA boosted its position in 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 valued at $414,724,000 after buying an additional 499,802 shares during the period. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on LNT shares. Wall Street Zen raised shares of Alliant Energy from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. BMO Capital Markets dropped their price objective on Alliant Energy from $66.00 to $64.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Barclays lowered Alliant Energy from an "equal weight" rating to an "underweight" rating and lifted their price objective for the stock from $59.00 to $61.00 in a research report on Tuesday, April 22nd. UBS Group raised their price target on Alliant Energy from $65.00 to $68.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Finally, Wolfe Research raised shares of Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 price objective on the stock in a research report on Monday. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $64.32.

Alliant Energy Stock Up 0.4%

Shares of LNT stock traded up $0.24 during trading hours on Monday, hitting $61.77. 593,915 shares of the company's stock traded hands, compared to its average volume of 1,716,074. The stock's fifty day simple moving average is $61.16 and its two-hundred day simple moving average is $61.01. The stock has a market cap of $15.87 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 2.90 and a beta of 0.56. Alliant Energy Corporation has a 12-month low of $51.23 and a 12-month high of $66.54. 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 (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 return on equity of 12.01% and a net margin of 18.26%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the firm earned $0.62 EPS. Alliant Energy's quarterly revenue was up 9.4% compared to the same quarter last year. On average, analysts expect that Alliant Energy Corporation will post 3.23 EPS for the current year.

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.