Brown Advisory Inc. Sells 1,102 Shares of Alliant Energy Corporation (NASDAQ:LNT)

Brown Advisory Inc. lowered its stake in shares of Alliant Energy Corporation (NASDAQ:LNT) by 21.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,983 shares of the company’s stock after selling 1,102 shares during the period. Brown Advisory Inc.’s holdings in Alliant Energy were worth $256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of LNT. Proficio Capital Partners LLC bought a new stake in shares of Alliant Energy during the fourth quarter valued at approximately $3,085,000. Commonwealth Equity Services LLC grew its holdings in shares of Alliant Energy by 22.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 93,862 shares of the company’s stock valued at $5,551,000 after purchasing an additional 17,300 shares in the last quarter. Madison Investment Advisors LLC purchased a new position in shares of Alliant Energy in the fourth quarter valued at $380,000. Natixis Advisors LLC grew its holdings in shares of Alliant Energy by 2.2% in the fourth quarter. Natixis Advisors LLC now owns 200,617 shares of the company’s stock valued at $11,864,000 after purchasing an additional 4,299 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in shares of Alliant Energy by 18.0% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 69,130 shares of the company’s stock valued at $4,088,000 after purchasing an additional 10,570 shares in the last quarter. Institutional investors own 79.90% of the company’s stock.

Analyst Ratings Changes

LNT has been the subject of a number of recent research reports. Jefferies Financial Group set a $71.00 target price on shares of Alliant Energy and gave the company a “buy” rating in a report on Tuesday, May 20th. UBS Group reissued a “neutral” rating and issued a $67.00 target price (up from $65.00) on shares of Alliant Energy in a report on Friday, July 11th. BMO Capital Markets dropped their price objective on shares of Alliant Energy from $66.00 to $64.00 and set a “market perform” rating for the company in a research note on Tuesday, April 22nd. Barclays lowered shares of Alliant Energy from an “equal weight” rating to an “underweight” rating and lifted their price objective for the stock from $59.00 to $61.00 in a research note on Tuesday, April 22nd. Finally, Wolfe Research raised shares of Alliant Energy from a “peer perform” rating to an “outperform” rating and set a $68.00 price objective for the company in a research note on Monday, July 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $64.23.

Alliant Energy Stock Up 1.6%

NASDAQ:LNT opened at $62.87 on Thursday. Alliant Energy Corporation has a twelve month low of $54.56 and a twelve month high of $66.54. The company has a market cap of $16.15 billion, a price-to-earnings ratio of 21.68, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56. The stock has a fifty day simple moving average of $61.32 and a 200-day simple moving average of $61.14. The company has a current ratio of 0.34, a quick ratio of 0.24 and a debt-to-equity ratio of 1.21.

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

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.