Oppenheimer & Co. Inc. Has $1.05 Million Stock Holdings in Alliant Energy Corporation (NASDAQ:LNT)

Oppenheimer & Co. Inc. decreased its position in Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 46.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 16,326 shares of the company's stock after selling 14,306 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Alliant Energy were worth $1,051,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in shares of Alliant Energy during the fourth quarter worth approximately $29,000. Larson Financial Group LLC boosted its position in Alliant Energy by 67.5% in the 4th quarter. Larson Financial Group LLC now owns 722 shares of the company's stock valued at $43,000 after buying an additional 291 shares during the last quarter. Optiver Holding B.V. increased its stake in shares of Alliant Energy by 382.5% in the 4th quarter. Optiver Holding B.V. now owns 912 shares of the company's stock valued at $54,000 after buying an additional 723 shares during the period. TD Waterhouse Canada Inc. raised its position in shares of Alliant Energy by 212.9% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,092 shares of the company's stock worth $65,000 after acquiring an additional 743 shares during the last quarter. Finally, Graney & King LLC acquired a new position in shares of Alliant Energy during the fourth quarter valued at $70,000. Institutional investors and hedge funds own 79.90% of the company's stock.

Alliant Energy Stock Performance

LNT stock opened at $60.35 on Monday. Alliant Energy Corporation has a 1-year low of $50.53 and a 1-year high of $66.54. The company has a current ratio of 0.34, a quick ratio of 0.24 and a debt-to-equity ratio of 1.21. The firm has a market cap of $15.50 billion, a PE ratio of 20.81, a P/E/G ratio of 2.85 and a beta of 0.57. The business's 50-day moving average price is $61.11 and its two-hundred day moving average price is $60.95.

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 for the quarter, beating 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 business had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.09 billion. During the same quarter in the previous year, the business posted $0.62 EPS. Alliant Energy's revenue for the quarter was up 9.4% on a year-over-year basis. As a group, research analysts forecast that Alliant Energy Corporation will post 3.23 earnings per share for the current year.

Alliant Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were paid a dividend of $0.5075 per share. The ex-dividend date was Wednesday, April 30th. This represents a $2.03 annualized dividend and a dividend yield of 3.36%. Alliant Energy's dividend payout ratio is currently 70.00%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on LNT. Barclays downgraded 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 report on Tuesday, April 22nd. Wall Street Zen upgraded shares of Alliant Energy from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Jefferies Financial Group set a $71.00 target price on shares of Alliant Energy and gave the stock a "buy" rating in a report on Tuesday, May 20th. UBS Group upped their target price on shares of Alliant Energy from $65.00 to $68.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Finally, BMO Capital Markets decreased their price objective on Alliant Energy from $66.00 to $64.00 and set a "market perform" rating for the company in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Alliant Energy presently has an average rating of "Hold" and a consensus target price of $63.95.

About Alliant Energy

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.