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

Alpha Omega Wealth Management LLC reduced its position in shares of Alliant Energy Co. (NASDAQ:LNT) by 1.8% in the fourth quarter, Holdings Channel reports. 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 institutional investors and hedge funds have also bought and sold shares of the company. Financial Freedom LLC purchased a new stake in shares of Alliant Energy during the 4th quarter valued at about $25,000. Clear Street Markets LLC boosted its holdings in shares of Alliant Energy by 95.3% in the first quarter. Clear Street Markets LLC now owns 494 shares of the company’s stock worth $26,000 after buying an additional 241 shares during the last quarter. McGlone Suttner Wealth Management Inc. bought a new stake in Alliant Energy during the 4th quarter worth approximately $38,000. Compagnie Lombard Odier SCmA bought a new stake in Alliant Energy during the 3rd quarter worth approximately $38,000. Finally, Authentikos Wealth Advisory LLC bought a new stake in Alliant Energy during the 3rd quarter worth approximately $42,000. 79.90% of the stock is currently owned by institutional investors.

Insider Activity

In other Alliant Energy news, CEO Lisa M. Barton acquired 1,100 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was bought at an average cost of $48.56 per share, with a total value of $53,416.00. Following the completion of the purchase, the chief executive officer now directly owns 36,444 shares in the company, valued at $1,769,720.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on LNT. Bank of America decreased their target price on shares of Alliant Energy from $55.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. Barclays restated an “equal weight” rating and set a $53.00 target price (up previously from $50.00) on shares of Alliant Energy in a research note on Tuesday, January 2nd. Finally, BMO Capital Markets raised their target price on shares of Alliant Energy from $51.00 to $53.00 and gave the stock a “market perform” rating in a research note on Monday. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $53.31.

Alliant Energy Trading Up 1.9 %

NASDAQ LNT traded up $0.88 on Wednesday, hitting $48.28. 819,667 shares of the stock were exchanged, compared to its average volume of 1,953,887. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.40 and a current ratio of 0.55. The stock has a fifty day moving average price of $48.63 and a two-hundred day moving average price of $49.45. The firm has a market capitalization of $12.36 billion, a P/E ratio of 17.18, a P/E/G ratio of 2.56 and a beta of 0.55. Alliant Energy Co. has a 52-week low of $45.15 and a 52-week high of $56.26.

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

Alliant Energy Dividend Announcement

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

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.