Hennion & Walsh Asset Management Inc. Reduces Stock Holdings in Alliant Energy Co. (NASDAQ:LNT)

Hennion & Walsh Asset Management Inc. cut its stake in shares of Alliant Energy Co. (NASDAQ:LNT) by 2.0% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 26,138 shares of the company’s stock after selling 531 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Alliant Energy were worth $1,330,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wetzel Investment Advisors Inc. acquired a new stake in shares of Alliant Energy during the fourth quarter valued at about $26,000. Gables Capital Management Inc. grew its stake in Alliant Energy by 68.4% during the 4th quarter. Gables Capital Management Inc. now owns 522 shares of the company’s stock valued at $27,000 after purchasing an additional 212 shares in the last quarter. Scarborough Advisors LLC purchased a new stake in Alliant Energy during the 4th quarter worth approximately $28,000. Christopher J. Hasenberg Inc purchased a new stake in Alliant Energy during the 1st quarter worth approximately $32,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Alliant Energy by 252.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 662 shares of the company’s stock valued at $34,000 after purchasing an additional 474 shares in the last quarter. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LNT. Barclays lifted their price target on shares of Alliant Energy from $52.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 11th. BMO Capital Markets boosted their target price on shares of Alliant Energy from $58.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 6th. LADENBURG THALM/SH SH upgraded shares of Alliant Energy from a “neutral” rating to a “buy” rating and upped their target price for the company from $50.00 to $62.50 in a research note on Tuesday, August 13th. Wells Fargo & Company lifted their price target on Alliant Energy from $56.00 to $62.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, Scotiabank upped their price objective on Alliant Energy from $53.00 to $58.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $56.36.

Alliant Energy Price Performance

Shares of NASDAQ:LNT opened at $57.67 on Tuesday. The company has a market cap of $14.79 billion, a PE ratio of 20.97, a P/E/G ratio of 2.73 and a beta of 0.56. Alliant Energy Co. has a fifty-two week low of $45.15 and a fifty-two week high of $58.69. The firm has a 50-day simple moving average of $53.47 and a 200 day simple moving average of $50.87. The company has a quick ratio of 0.48, a current ratio of 0.65 and a debt-to-equity ratio of 1.31.

Alliant Energy (NASDAQ:LNT) last issued its earnings results on Thursday, August 1st. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.07). The company had revenue of $894.00 million during the quarter, compared to analyst estimates of $897.03 million. Alliant Energy had a net margin of 15.77% and a return on equity of 10.23%. The business’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.64 earnings per share. On average, sell-side analysts anticipate that Alliant Energy Co. will post 3.07 EPS for the current year.

Alliant Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend was Wednesday, July 31st. Alliant Energy’s payout ratio is 69.82%.

About Alliant Energy

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.