Alpha Omega Wealth Management LLC Sells 960 Shares of Alliant Energy Co. (NASDAQ:LNT)

Alpha Omega Wealth Management LLC cut its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,342 shares of the company’s stock after selling 960 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in Alliant Energy were worth $2,634,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. HighTower Advisors LLC boosted its position in Alliant Energy by 0.5% in the first quarter. HighTower Advisors LLC now owns 40,539 shares of the company’s stock valued at $2,176,000 after buying an additional 196 shares in the last quarter. Linscomb & Williams Inc. raised its stake in shares of Alliant Energy by 3.9% during the fourth quarter. Linscomb & Williams Inc. now owns 5,298 shares of the company’s stock valued at $293,000 after acquiring an additional 200 shares during the last quarter. Centennial Wealth Advisory LLC raised its stake in shares of Alliant Energy by 3.7% during the fourth quarter. Centennial Wealth Advisory LLC now owns 5,896 shares of the company’s stock valued at $302,000 after acquiring an additional 210 shares during the last quarter. Fiduciary Trust Co. raised its stake in shares of Alliant Energy by 1.8% during the first quarter. Fiduciary Trust Co. now owns 13,046 shares of the company’s stock valued at $697,000 after acquiring an additional 230 shares during the last quarter. Finally, Accel Wealth Management raised its stake in shares of Alliant Energy by 4.4% during the third quarter. Accel Wealth Management now owns 5,489 shares of the company’s stock valued at $266,000 after acquiring an additional 231 shares during the last quarter. 79.90% of the stock is owned by institutional investors.

Alliant Energy Stock Performance

Shares of NASDAQ LNT traded up $0.88 during midday trading on Wednesday, hitting $48.28. The company’s stock had a trading volume of 819,667 shares, compared to its average volume of 1,953,887. The stock has a fifty day moving average price of $48.63 and a 200 day moving average price of $49.45. Alliant Energy Co. has a one year low of $45.15 and a one year high of $56.26. The company has a current ratio of 0.55, a quick ratio of 0.40 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $12.36 billion, a price-to-earnings ratio of 17.18, a P/E/G ratio of 2.56 and a beta of 0.55.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings results on Friday, February 16th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.07). Alliant Energy had a net margin of 17.46% and a return on equity of 10.85%. The business had revenue of $961.00 million during the quarter, compared to the consensus estimate of $1.25 billion. During the same period last year, the firm earned $0.46 EPS. On average, research analysts forecast that Alliant Energy Co. will post 3.07 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend is Monday, April 29th. Alliant Energy’s dividend payout ratio (DPR) is presently 69.06%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on LNT shares. Bank of America reduced their price objective on shares of Alliant Energy from $55.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, April 11th. BMO Capital Markets boosted their price target on shares of Alliant Energy from $51.00 to $53.00 and gave the stock a “market perform” rating in a report on Monday. Finally, Barclays restated an “equal weight” rating and set a $53.00 price target (up from $50.00) on shares of Alliant Energy in a report on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $53.31.

Insider Buying and Selling

In other news, CEO Lisa M. Barton bought 1,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were acquired at an average price of $48.56 per share, with a total value of $53,416.00. Following the acquisition, the chief executive officer now owns 36,444 shares of the company’s stock, valued at approximately $1,769,720.64. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.31% of the stock is currently owned by insiders.

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.