Strategic Blueprint LLC Lowers Holdings in Alliant Energy Co. (NASDAQ:LNT)

Strategic Blueprint LLC lowered its position in shares of Alliant Energy Co. (NASDAQ:LNT) by 1.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,216 shares of the company’s stock after selling 270 shares during the quarter. Strategic Blueprint LLC’s holdings in Alliant Energy were worth $927,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in LNT. Gables Capital Management Inc. increased its stake in shares of Alliant Energy by 68.4% during the fourth quarter. Gables Capital Management Inc. now owns 522 shares of the company’s stock worth $27,000 after acquiring an additional 212 shares during the period. Scarborough Advisors LLC acquired a new position in Alliant Energy during the 4th quarter worth approximately $28,000. Christopher J. Hasenberg Inc purchased a new position in shares of Alliant Energy during the 1st quarter worth approximately $32,000. EverSource Wealth Advisors LLC lifted its holdings 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 buying an additional 474 shares during the period. Finally, McIlrath & Eck LLC boosted its stake in shares of Alliant Energy by 206.2% in the fourth quarter. McIlrath & Eck LLC now owns 995 shares of the company’s stock valued at $51,000 after buying an additional 670 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. LADENBURG THALM/SH SH upgraded Alliant Energy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $50.00 to $62.50 in a research report on Tuesday, August 13th. Bank of America increased their price target on shares of Alliant Energy from $62.00 to $63.00 and gave the company a “buy” rating in a report on Thursday. Scotiabank boosted their price objective on shares of Alliant Energy from $58.00 to $64.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. BMO Capital Markets upped 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. Finally, Wells Fargo & Company boosted 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. One investment 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, Alliant Energy currently has an average rating of “Hold” and an average price target of $58.50.

Alliant Energy Stock Up 0.3 %

Shares of NASDAQ:LNT opened at $57.95 on Friday. The company has a market capitalization of $14.86 billion, a P/E ratio of 21.07, a P/E/G ratio of 2.78 and a beta of 0.56. The company has a quick ratio of 0.48, a current ratio of 0.65 and a debt-to-equity ratio of 1.31. The stock’s fifty day simple moving average is $54.74 and its 200-day simple moving average is $51.38. Alliant Energy Co. has a 52-week low of $45.15 and a 52-week high of $58.69.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.07). The firm had revenue of $894.00 million for the quarter, compared to analyst estimates of $897.03 million. Alliant Energy had a return on equity of 10.23% and a net margin of 15.77%. The business’s revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.64 earnings per share. As a group, equities research analysts forecast that Alliant Energy Co. will post 3.07 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were issued a dividend of $0.48 per share. The ex-dividend date was Wednesday, July 31st. This represents a $1.92 annualized dividend and a dividend yield of 3.31%. 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.