Stephens Inc. AR Sells 4,109 Shares of Alliant Energy Corporation (NASDAQ:LNT)

Stephens Inc. AR reduced its position in Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 13.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,304 shares of the company's stock after selling 4,109 shares during the period. Stephens Inc. AR's holdings in Alliant Energy were worth $1,693,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Proficio Capital Partners LLC purchased a new position in Alliant Energy during the fourth quarter valued at approximately $3,085,000. Commonwealth Equity Services LLC grew its position in Alliant Energy by 22.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 93,862 shares of the company's stock valued at $5,551,000 after purchasing an additional 17,300 shares in the last quarter. Madison Investment Advisors LLC purchased a new position in Alliant Energy during the fourth quarter valued at approximately $380,000. Natixis Advisors LLC grew its position in Alliant Energy by 2.2% during the fourth quarter. Natixis Advisors LLC now owns 200,617 shares of the company's stock valued at $11,864,000 after purchasing an additional 4,299 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its position in Alliant Energy by 18.0% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 69,130 shares of the company's stock valued at $4,088,000 after purchasing an additional 10,570 shares in the last quarter. 79.90% of the stock is owned by hedge funds and other institutional investors.

Alliant Energy Stock Performance

Shares of Alliant Energy stock traded up $0.35 on Thursday, reaching $63.22. The stock had a trading volume of 1,569,218 shares, compared to its average volume of 1,731,498. The business's 50-day moving average price is $61.32 and its two-hundred day moving average price is $61.14. 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 Corporation has a fifty-two week low of $54.56 and a fifty-two week high of $66.54. The stock has a market cap of $16.24 billion, a P/E ratio of 19.34, a price-to-earnings-growth ratio of 2.97 and a beta of 0.56.

Alliant Energy (NASDAQ:LNT - Get Free Report) last issued its quarterly earnings data 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. Alliant Energy had a net margin of 18.26% and a return on equity of 12.01%. The business had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same period in the previous year, the company earned $0.62 earnings per share. Alliant Energy's revenue for the quarter was up 9.4% on a year-over-year basis. On average, sell-side analysts forecast that Alliant Energy Corporation will post 3.23 EPS for the current year.

Wall Street Analyst Weigh In

LNT has been the topic of a number of research analyst reports. Barclays downgraded shares of Alliant Energy from an "equal weight" rating to an "underweight" rating and boosted their price objective for the company from $59.00 to $61.00 in a research report on Tuesday, April 22nd. BMO Capital Markets reduced their target price on shares of 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. 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. Wolfe Research upgraded shares of Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 target price for the company in a research note on Monday, July 7th. Finally, Wall Street Zen upgraded shares of Alliant Energy from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. One 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 currently has an average rating of "Hold" and a consensus target price of $64.23.

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.