First National Advisers LLC Sells 400 Shares of Alliant Energy Corporation (NASDAQ:LNT)

First National Advisers LLC cut its holdings in shares of Alliant Energy Corporation (NASDAQ:LNT) by 6.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,086 shares of the company’s stock after selling 400 shares during the quarter. First National Advisers LLC’s holdings in Alliant Energy were worth $392,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in LNT. Utah Retirement Systems increased its stake in Alliant Energy by 0.5% in the fourth quarter. Utah Retirement Systems now owns 42,394 shares of the company’s stock valued at $2,507,000 after acquiring an additional 200 shares during the last quarter. Leavell Investment Management Inc. increased its stake in Alliant Energy by 3.4% in the first quarter. Leavell Investment Management Inc. now owns 6,061 shares of the company’s stock valued at $390,000 after acquiring an additional 200 shares during the last quarter. Moss Adams Wealth Advisors LLC increased its stake in Alliant Energy by 5.9% in the first quarter. Moss Adams Wealth Advisors LLC now owns 3,629 shares of the company’s stock valued at $234,000 after acquiring an additional 201 shares during the last quarter. Larson Financial Group LLC increased its stake in Alliant Energy by 28.9% in the first quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock valued at $60,000 after acquiring an additional 209 shares during the last quarter. Finally, Integrated Wealth Concepts LLC increased its stake in Alliant Energy by 5.0% in the fourth quarter. Integrated Wealth Concepts LLC now owns 4,428 shares of the company’s stock valued at $262,000 after acquiring an additional 211 shares during the last quarter. 79.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on LNT shares. Jefferies Financial Group set a $71.00 price objective on shares of Alliant Energy and gave the company a “buy” rating in a research note on Tuesday, May 20th. BMO Capital Markets decreased their price objective on shares of Alliant Energy from $66.00 to $64.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 22nd. Barclays lowered shares of Alliant Energy from an “equal weight” rating to an “underweight” rating and raised their target price for the company from $59.00 to $61.00 in a research report on Tuesday, April 22nd. Wall Street Zen upgraded shares of Alliant Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 15th. Finally, Wolfe Research upgraded shares of Alliant Energy from a “peer perform” rating to an “outperform” rating and set a $68.00 target price on the stock in a research report on Monday, July 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $64.23.

Alliant Energy Price Performance

Shares of NASDAQ:LNT opened at $64.94 on Monday. The firm has a market cap of $16.68 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 3.07 and a beta of 0.56. The firm’s fifty day moving average is $61.82 and its 200-day moving average is $61.48. 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 52 week low of $54.98 and a 52 week high of $66.54.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.12. The company had revenue of $1.13 billion for 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%. Alliant Energy’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.62 earnings per share. Sell-side analysts predict that Alliant Energy Corporation will post 3.23 earnings per share for the current year.

Alliant Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 31st will be issued a dividend of $0.5075 per share. The ex-dividend date is Thursday, July 31st. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.13%. Alliant Energy’s dividend payout ratio (DPR) is presently 70.00%.

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.