Olistico Wealth LLC Trims Holdings in Alliant Energy Corporation (NASDAQ:LNT)

Olistico Wealth LLC cut its holdings in Alliant Energy Corporation (NASDAQ:LNT) by 52.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,106 shares of the company’s stock after selling 21,132 shares during the quarter. Alliant Energy makes up about 0.8% of Olistico Wealth LLC’s holdings, making the stock its 29th biggest holding. Olistico Wealth LLC’s holdings in Alliant Energy were worth $1,229,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Strategic Blueprint LLC grew its position in shares of Alliant Energy by 5.2% in the 1st quarter. Strategic Blueprint LLC now owns 21,404 shares of the company’s stock worth $1,377,000 after buying an additional 1,064 shares during the period. OneDigital Investment Advisors LLC grew its position in shares of Alliant Energy by 7.1% in the 1st quarter. OneDigital Investment Advisors LLC now owns 8,152 shares of the company’s stock worth $525,000 after buying an additional 541 shares during the period. Teacher Retirement System of Texas purchased a new stake in shares of Alliant Energy in the 1st quarter worth about $2,414,000. Private Trust Co. NA grew its position in Alliant Energy by 22.8% during the 1st quarter. Private Trust Co. NA now owns 4,226 shares of the company’s stock valued at $272,000 after purchasing an additional 784 shares during the last quarter. Finally, Pinnacle Financial Partners Inc grew its position in Alliant Energy by 44.5% during the 1st quarter. Pinnacle Financial Partners Inc now owns 6,759 shares of the company’s stock valued at $435,000 after purchasing an additional 2,080 shares during the last quarter. 79.90% of the stock is owned by hedge funds and other institutional investors.

Alliant Energy Price Performance

LNT opened at $61.68 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.24 and a current ratio of 0.34. The stock has a market capitalization of $15.84 billion, a P/E ratio of 21.27, a P/E/G ratio of 2.90 and a beta of 0.56. The company’s 50-day simple moving average is $61.16 and its two-hundred day simple moving average is $60.99. Alliant Energy Corporation has a 52-week low of $51.23 and a 52-week high of $66.54.

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

Analyst Ratings Changes

LNT has been the topic of several recent analyst reports. UBS Group increased their price objective on shares of Alliant Energy from $65.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Jefferies Financial Group set a $71.00 price objective on shares of Alliant Energy and gave the company a “buy” rating in a research report on Tuesday, May 20th. Barclays downgraded shares of Alliant Energy from an “equal weight” rating to an “underweight” rating and increased their price objective for the company from $59.00 to $61.00 in a research report on Tuesday, April 22nd. BMO Capital Markets cut their price objective on shares of Alliant Energy from $66.00 to $64.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 22nd. Finally, Wall Street Zen raised shares of Alliant Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Alliant Energy presently has a consensus rating of “Hold” and a consensus price target of $63.95.

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.