Delos Wealth Advisors LLC Sells 282 Shares of Alliant Energy Co. (NASDAQ:LNT)

Delos Wealth Advisors LLC lowered its holdings in Alliant Energy Co. (NASDAQ:LNT) by 1.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,778 shares of the company’s stock after selling 282 shares during the period. Alliant Energy makes up about 2.0% of Delos Wealth Advisors LLC’s portfolio, making the stock its 19th largest holding. Delos Wealth Advisors LLC’s holdings in Alliant Energy were worth $1,374,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Wetzel Investment Advisors Inc. bought a new position in Alliant Energy in the fourth quarter valued at approximately $26,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Alliant Energy during the 4th quarter worth $38,000. Authentikos Wealth Advisory LLC acquired a new stake in Alliant Energy in the third quarter valued at about $42,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Alliant Energy during the fourth quarter worth about $43,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Alliant Energy in the third quarter worth about $45,000. Institutional investors and hedge funds own 79.90% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Lisa M. Barton bought 1,100 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were bought at an average price of $48.56 per share, for a total transaction of $53,416.00. Following the completion of the acquisition, the chief executive officer now directly owns 36,444 shares of the company’s stock, valued at $1,769,720.64. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

LNT has been the topic of a number of research reports. LADENBURG THALM/SH SH reduced their price objective on Alliant Energy from $48.50 to $48.00 and set a “neutral” rating on the stock in a research report on Monday, April 29th. BMO Capital Markets upped their price objective on Alliant Energy from $51.00 to $53.00 and gave the company a “market perform” rating in a research note on Monday, April 15th. Scotiabank cut their target price on shares of Alliant Energy from $57.00 to $53.00 and set a “sector outperform” rating on the stock in a research report on Monday, April 22nd. Bank of America decreased their price target on shares of Alliant Energy from $55.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. Finally, Wells Fargo & Company boosted their price objective on shares of Alliant Energy from $55.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $51.38.

Alliant Energy Stock Up 1.0 %

Shares of NASDAQ LNT traded up $0.49 during trading on Thursday, hitting $51.70. 1,070,566 shares of the company traded hands, compared to its average volume of 1,900,425. The business’s fifty day moving average is $49.27 and its 200 day moving average is $49.60. The firm has a market capitalization of $13.25 billion, a price-to-earnings ratio of 18.72, a P/E/G ratio of 2.69 and a beta of 0.54. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.40 and a current ratio of 0.56. Alliant Energy Co. has a fifty-two week low of $45.15 and a fifty-two week high of $56.26.

Alliant Energy (NASDAQ:LNT) last issued its earnings results on Friday, May 3rd. The company reported $0.62 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.62. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.01 billion. Alliant Energy had a return on equity of 10.57% and a net margin of 17.53%. Alliant Energy’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.65 earnings per share. Equities research analysts predict that Alliant Energy Co. will post 3.08 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.92 dividend on an annualized basis and a yield of 3.71%. Alliant Energy’s dividend payout ratio (DPR) is currently 69.82%.

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.