Alliant Energy Corporation (NASDAQ:LNT) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. cut its holdings in Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 46.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,326 shares of the company's stock after selling 14,306 shares during the period. Oppenheimer & Co. Inc.'s holdings in Alliant Energy were worth $1,051,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. SBI Securities Co. Ltd. bought a new stake in Alliant Energy in the 4th quarter valued at $29,000. Larson Financial Group LLC grew its position in shares of Alliant Energy by 67.5% during the fourth quarter. Larson Financial Group LLC now owns 722 shares of the company's stock valued at $43,000 after purchasing an additional 291 shares in the last quarter. Optiver Holding B.V. grew its position in shares of Alliant Energy by 382.5% during the fourth quarter. Optiver Holding B.V. now owns 912 shares of the company's stock valued at $54,000 after purchasing an additional 723 shares in the last quarter. TD Waterhouse Canada Inc. increased its holdings in shares of Alliant Energy by 212.9% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,092 shares of the company's stock worth $65,000 after purchasing an additional 743 shares during the last quarter. Finally, Graney & King LLC purchased a new stake in shares of Alliant Energy in the fourth quarter worth about $70,000. Hedge funds and other institutional investors own 79.90% of the company's stock.

Analyst Upgrades and Downgrades

LNT has been the topic of a number of recent research reports. Barclays downgraded shares of Alliant Energy from an "equal weight" rating to an "underweight" rating and upped their price target 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 report on Thursday, May 15th. UBS Group lifted their price target on Alliant Energy from $65.00 to $68.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. BMO Capital Markets reduced their price objective on 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 price objective on Alliant Energy and gave the company a "buy" rating in a research note on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $63.95.

Alliant Energy Price Performance

Shares of LNT traded up $0.92 during trading hours on Thursday, hitting $61.68. 1,893,425 shares of the stock were exchanged, compared to its average volume of 2,004,123. The stock's 50-day moving average price is $61.14 and its two-hundred day moving average price is $60.95. Alliant Energy Corporation has a 12-month low of $50.76 and a 12-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. The company has a market cap of $15.84 billion, a price-to-earnings ratio of 21.27, a price-to-earnings-growth ratio of 2.89 and a beta of 0.56.

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