RDA Financial Network Sells 724 Shares of Alliant Energy Co. (NASDAQ:LNT)

RDA Financial Network trimmed its position in Alliant Energy Co. (NASDAQ:LNT) by 8.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 7,432 shares of the company’s stock after selling 724 shares during the period. RDA Financial Network’s holdings in Alliant Energy were worth $375,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Centennial Wealth Advisory LLC grew its position in shares of Alliant Energy by 3.7% during the 4th quarter. Centennial Wealth Advisory LLC now owns 5,896 shares of the company’s stock valued at $302,000 after acquiring an additional 210 shares during the period. Gables Capital Management Inc. lifted its stake in shares of Alliant Energy by 68.4% during the 4th quarter. Gables Capital Management Inc. now owns 522 shares of the company’s stock valued at $27,000 after buying an additional 212 shares in the last quarter. IFM Investors Pty Ltd lifted its stake in shares of Alliant Energy by 0.3% during the 4th quarter. IFM Investors Pty Ltd now owns 79,165 shares of the company’s stock valued at $4,061,000 after buying an additional 233 shares in the last quarter. Goldstein Advisors LLC lifted its stake in shares of Alliant Energy by 1.1% during the 4th quarter. Goldstein Advisors LLC now owns 22,093 shares of the company’s stock valued at $1,133,000 after buying an additional 240 shares in the last quarter. Finally, Stratos Wealth Partners LTD. lifted its stake in shares of Alliant Energy by 6.5% during the 4th quarter. Stratos Wealth Partners LTD. now owns 4,643 shares of the company’s stock valued at $238,000 after buying an additional 285 shares in the last quarter. 79.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on LNT. Scotiabank lowered 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 note on Monday, April 22nd. Bank of America lowered their target price on shares of Alliant Energy from $55.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. BMO Capital Markets increased their target price on shares of Alliant Energy from $51.00 to $53.00 and gave the stock a “market perform” rating in a research note on Monday, April 15th. Wells Fargo & Company increased their target price on shares of Alliant Energy from $55.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, May 6th. Finally, LADENBURG THALM/SH SH lowered their target price on shares of Alliant Energy from $48.50 to $48.00 and set a “neutral” rating on the stock in a research note on Monday, April 29th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, Alliant Energy presently has a consensus rating of “Hold” and an average target price of $51.38.

Alliant Energy Trading Up 0.2 %

NASDAQ:LNT opened at $51.05 on Monday. The company has a 50-day moving average price of $50.40 and a 200-day moving average price of $49.84. Alliant Energy Co. has a 12 month low of $45.15 and a 12 month high of $56.26. The company has a current ratio of 0.56, a quick ratio of 0.40 and a debt-to-equity ratio of 1.25. The stock has a market cap of $13.09 billion, a price-to-earnings ratio of 18.53, a P/E/G ratio of 2.72 and a beta of 0.57.

Alliant Energy (NASDAQ:LNT) last posted its earnings results on Friday, May 3rd. The company reported $0.62 EPS for the quarter, hitting the consensus estimate of $0.62. Alliant Energy had a net margin of 17.53% and a return on equity of 10.57%. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the company posted $0.65 EPS. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. Equities analysts predict that Alliant Energy Co. will post 3.08 EPS for the current year.

Alliant Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were given a dividend of $0.48 per share. The ex-dividend date was Monday, April 29th. This represents a $1.92 dividend on an annualized basis and a yield of 3.76%. Alliant Energy’s dividend payout ratio (DPR) is currently 69.82%.

Alliant Energy Company 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.