Blackhawk Capital Partners LLC. Sells 1,110 Shares of Alliant Energy Co. (NASDAQ:LNT)

Blackhawk Capital Partners LLC. lowered its position in Alliant Energy Co. (NASDAQ:LNT) by 4.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,713 shares of the company’s stock after selling 1,110 shares during the period. Blackhawk Capital Partners LLC.’s holdings in Alliant Energy were worth $1,621,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LNT. Cetera Investment Advisers increased its position in shares of Alliant Energy by 200.8% during the 1st quarter. Cetera Investment Advisers now owns 215,821 shares of the company’s stock valued at $10,877,000 after purchasing an additional 144,077 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in Alliant Energy by 28.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 44,537 shares of the company’s stock worth $2,245,000 after acquiring an additional 9,977 shares during the period. Cetera Advisors LLC boosted its stake in Alliant Energy by 168.5% in the first quarter. Cetera Advisors LLC now owns 51,259 shares of the company’s stock valued at $2,583,000 after acquiring an additional 32,166 shares during the last quarter. Seven Eight Capital LP bought a new position in shares of Alliant Energy during the 2nd quarter valued at approximately $1,248,000. Finally, Principal Financial Group Inc. increased its stake in shares of Alliant Energy by 9.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,183,765 shares of the company’s stock worth $71,839,000 after purchasing an additional 101,387 shares during the last quarter. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Alliant Energy Trading Down 0.0 %

NASDAQ LNT opened at $62.23 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. The stock’s 50-day simple moving average is $60.13 and its two-hundred day simple moving average is $55.93. Alliant Energy Co. has a twelve month low of $46.80 and a twelve month high of $62.59. The company has a market capitalization of $15.97 billion, a price-to-earnings ratio of 24.12, a PEG ratio of 3.08 and a beta of 0.58.

Alliant Energy (NASDAQ:LNT) last released its earnings results on Thursday, October 31st. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.10 by $0.05. Alliant Energy had a net margin of 16.66% and a return on equity of 10.56%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the firm earned $1.05 EPS. The firm’s quarterly revenue was up .4% compared to the same quarter last year. Research analysts forecast that Alliant Energy Co. will post 3.04 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a $0.48 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.92 dividend on an annualized basis and a yield of 3.09%. Alliant Energy’s dividend payout ratio (DPR) is currently 74.42%.

Analyst Ratings Changes

LNT has been the subject of a number of recent research reports. BMO Capital Markets decreased their target price on Alliant Energy from $65.00 to $61.00 and set a “market perform” rating for the company in a research report on Monday, November 4th. Wells Fargo & Company dropped their price objective on shares of Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. LADENBURG THALM/SH SH upgraded shares of Alliant Energy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $50.00 to $62.50 in a research note on Tuesday, August 13th. Jefferies Financial Group initiated coverage on shares of Alliant Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $67.00 price target on the stock. Finally, Mizuho raised their price objective on shares of Alliant Energy from $52.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, October 4th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Alliant Energy currently has a consensus rating of “Hold” and a consensus price target of $63.06.

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.