Blackhawk Capital Partners LLC. Sells 1,110 Shares of Alliant Energy Co. (NASDAQ:LNT)

Blackhawk Capital Partners LLC. trimmed its position in Alliant Energy Co. (NASDAQ:LNT) by 4.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 26,713 shares of the company’s stock after selling 1,110 shares during the period. Blackhawk Capital Partners LLC.’s holdings in Alliant Energy were worth $1,621,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Northwest Investment Counselors LLC bought a new stake in Alliant Energy during the 3rd quarter worth approximately $28,000. Eastern Bank bought a new stake in shares of Alliant Energy in the third quarter worth $30,000. JNBA Financial Advisors acquired a new stake in Alliant Energy in the third quarter valued at $31,000. Kimelman & Baird LLC bought a new position in Alliant Energy during the 2nd quarter worth $41,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Alliant Energy during the 2nd quarter worth about $43,000. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Stock Down 0.0 %

Shares of NASDAQ:LNT opened at $62.23 on Thursday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86. Alliant Energy Co. has a 52-week low of $46.80 and a 52-week high of $62.59. The business’s 50 day simple moving average is $60.13 and its two-hundred day simple moving average is $55.93. The firm has a market cap of $15.97 billion, a P/E ratio of 24.12, a PEG ratio of 3.08 and a beta of 0.58.

Alliant Energy (NASDAQ:LNT) last issued its earnings results on Thursday, October 31st. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.05. Alliant Energy had a return on equity of 10.56% and a net margin of 16.66%. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period last year, the business earned $1.05 EPS. Alliant Energy’s quarterly revenue was up .4% compared to the same quarter last year. As a group, research analysts forecast that Alliant Energy Co. will post 3.04 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a $0.48 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.92 annualized dividend and a yield of 3.09%. Alliant Energy’s payout ratio is 74.42%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on LNT shares. Mizuho increased their price target on Alliant Energy from $52.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, October 4th. Bank of America boosted their price target on shares of Alliant Energy from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Wells Fargo & Company dropped their target price on shares of Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. UBS Group increased their price target on Alliant Energy from $64.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Finally, Jefferies Financial Group initiated coverage on Alliant Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $67.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Alliant Energy has an average rating of “Hold” and an average target price of $63.06.

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.