Alliant Energy Co. (NASDAQ:LNT) Shares Sold by Weitzel Financial Services Inc.

Weitzel Financial Services Inc. cut its position in Alliant Energy Co. (NASDAQ:LNT) by 18.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,742 shares of the company’s stock after selling 1,537 shares during the period. Alliant Energy accounts for 0.2% of Weitzel Financial Services Inc.’s holdings, making the stock its 28th largest position. Weitzel Financial Services Inc.’s holdings in Alliant Energy were worth $354,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. First Hawaiian Bank boosted its position in Alliant Energy by 9.4% during the second quarter. First Hawaiian Bank now owns 20,634 shares of the company’s stock worth $1,083,000 after acquiring an additional 1,781 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of Alliant Energy by 7.0% during the 1st quarter. ProShare Advisors LLC now owns 60,088 shares of the company’s stock worth $3,209,000 after purchasing an additional 3,913 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in shares of Alliant Energy by 42.9% in the first quarter. Rockefeller Capital Management L.P. now owns 7,820 shares of the company’s stock valued at $416,000 after purchasing an additional 2,347 shares in the last quarter. Chevy Chase Trust Holdings LLC increased its holdings in shares of Alliant Energy by 1.0% in the first quarter. Chevy Chase Trust Holdings LLC now owns 145,875 shares of the company’s stock valued at $7,790,000 after purchasing an additional 1,421 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in shares of Alliant Energy by 1.9% in the first quarter. Thrivent Financial for Lutherans now owns 2,037,568 shares of the company’s stock valued at $108,806,000 after purchasing an additional 37,833 shares during the last quarter. 77.52% of the stock is currently owned by hedge funds and other institutional investors.

Alliant Energy Stock Up 0.2 %

NASDAQ:LNT traded up $0.09 during midday trading on Friday, reaching $52.18. The company had a trading volume of 639,600 shares, compared to its average volume of 1,452,611. Alliant Energy Co. has a 12-month low of $47.19 and a 12-month high of $62.05. The firm has a market capitalization of $13.19 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 2.78 and a beta of 0.57. The company has a current ratio of 0.60, a quick ratio of 0.44 and a debt-to-equity ratio of 1.27. The stock’s fifty day simple moving average is $51.98 and its 200-day simple moving average is $52.96.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Friday, August 4th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.05. Alliant Energy had a return on equity of 10.63% and a net margin of 15.73%. The business had revenue of $912.00 million during the quarter, compared to analysts’ expectations of $956.42 million. During the same quarter last year, the business posted $0.63 EPS. The business’s quarterly revenue was down 3.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Alliant Energy Co. will post 2.87 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were issued a $0.4525 dividend. This represents a $1.81 annualized dividend and a yield of 3.47%. The ex-dividend date was Friday, July 28th. Alliant Energy’s dividend payout ratio (DPR) is presently 69.08%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. LADENBURG THALM/SH SH began coverage on Alliant Energy in a report on Friday, June 16th. They issued a “neutral” rating and a $52.50 target price for the company. Guggenheim dropped their price objective on shares of Alliant Energy from $52.00 to $49.00 in a report on Friday, July 7th. Bank of America raised shares of Alliant Energy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $55.00 to $58.00 in a research note on Monday, June 26th. 888 reissued an “upgrade” rating on shares of Alliant Energy in a research note on Monday, June 26th. Finally, StockNews.com began coverage on shares of Alliant Energy in a research report on Wednesday, August 23rd. They set a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Alliant Energy currently has an average rating of “Hold” and a consensus target price of $54.31.

Alliant Energy Profile

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services. It operates through 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.