Alpha Omega Wealth Management LLC Has $3.59 Million Position in Alliant Energy Co. (NASDAQ:LNT)

Alpha Omega Wealth Management LLC lessened its stake in shares of Alliant Energy Co. (NASDAQ:LNT) by 1.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 60,715 shares of the company’s stock after selling 1,094 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in Alliant Energy were worth $3,591,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Larson Financial Group LLC boosted its position in shares of Alliant Energy by 7,083.3% in the third quarter. Larson Financial Group LLC now owns 431 shares of the company’s stock valued at $26,000 after acquiring an additional 425 shares during the period. Northwest Investment Counselors LLC bought a new stake in Alliant Energy in the 3rd quarter valued at about $28,000. Eastern Bank acquired a new position in shares of Alliant Energy during the 3rd quarter worth approximately $30,000. JNBA Financial Advisors bought a new position in shares of Alliant Energy during the third quarter worth approximately $31,000. Finally, ORG Partners LLC raised its position in shares of Alliant Energy by 517.0% in the fourth quarter. ORG Partners LLC now owns 617 shares of the company’s stock valued at $36,000 after buying an additional 517 shares in the last quarter. Institutional investors own 79.90% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on LNT. Scotiabank lowered Alliant Energy from a “sector outperform” rating to a “sector perform” rating and raised their price objective for the stock from $64.00 to $67.00 in a research note on Thursday, December 12th. BMO Capital Markets dropped their price target on Alliant Energy from $65.00 to $61.00 and set a “market perform” rating for the company in a research note on Monday, November 4th. Barclays cut their price objective on shares of Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 6th. Mizuho raised their target price on shares of Alliant Energy from $52.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, October 4th. Finally, Wells Fargo & Company cut their price target on shares of Alliant Energy from $66.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $63.39.

Alliant Energy Price Performance

LNT stock opened at $58.88 on Friday. The stock has a market cap of $15.11 billion, a price-to-earnings ratio of 22.82, a P/E/G ratio of 2.69 and a beta of 0.60. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72. The company has a 50 day simple moving average of $59.82 and a 200 day simple moving average of $59.13. Alliant Energy Co. has a 1 year low of $46.80 and a 1 year high of $64.19.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.05. Alliant Energy had a net margin of 16.66% and a return on equity of 10.56%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the business earned $1.05 EPS. The firm’s quarterly revenue was up .4% on a year-over-year basis. Research analysts anticipate that Alliant Energy Co. will post 3.03 EPS for the current fiscal year.

Alliant Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.5075 per share. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend is Friday, January 31st. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.48. Alliant Energy’s payout ratio is 74.42%.

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.