Alliant Energy Corporation (NASDAQ:LNT) Shares Sold by Blake Schutter Theil Wealth Advisors LLC

Blake Schutter Theil Wealth Advisors LLC reduced its position in shares of Alliant Energy Corporation (NASDAQ:LNT) by 11.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,653 shares of the company’s stock after selling 462 shares during the period. Blake Schutter Theil Wealth Advisors LLC’s holdings in Alliant Energy were worth $235,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Hughes Financial Services LLC purchased a new position in Alliant Energy in the 1st quarter worth about $27,000. Alpine Bank Wealth Management purchased a new position in Alliant Energy in the 1st quarter worth about $29,000. Tsfg LLC purchased a new position in Alliant Energy in the 1st quarter worth about $34,000. TD Private Client Wealth LLC purchased a new position in Alliant Energy in the 1st quarter worth about $34,000. Finally, Optiver Holding B.V. increased its stake in Alliant Energy by 382.5% in the 4th quarter. Optiver Holding B.V. now owns 912 shares of the company’s stock worth $54,000 after purchasing an additional 723 shares in the last quarter. 79.90% of the stock is owned by institutional investors and hedge funds.

Alliant Energy Stock Performance

Shares of NASDAQ LNT opened at $62.59 on Tuesday. Alliant Energy Corporation has a one year low of $53.12 and a one 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 business has a fifty day simple moving average of $61.28 and a 200 day simple moving average of $61.12. The firm has a market capitalization of $16.08 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 2.93 and a beta of 0.56.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.12. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.09 billion. Alliant Energy had a net margin of 18.26% and a return on equity of 12.01%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.62 earnings per share. Sell-side analysts expect that Alliant Energy Corporation will post 3.23 EPS for the current year.

Analysts Set New Price Targets

LNT has been the subject of a number of research reports. Jefferies Financial Group set a $71.00 price objective on Alliant Energy and gave the stock a “buy” rating in a research report on Tuesday, May 20th. 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 report on Tuesday, April 22nd. Wall Street Zen upgraded Alliant Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 15th. Barclays lowered Alliant Energy from an “equal weight” rating to an “underweight” rating and raised their price objective for the stock from $59.00 to $61.00 in a research report on Tuesday, April 22nd. Finally, UBS Group restated a “neutral” rating and set a $67.00 price objective (up from $65.00) on shares of Alliant Energy in a research report on Friday. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $64.23.

Alliant Energy Company 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.