Westwood Holdings Group Inc. Trims Holdings in Alliant Energy Co. (NYSE:LNT)

Westwood Holdings Group Inc. reduced its holdings in shares of Alliant Energy Co. (NYSE:LNT) by 1.1% in the first quarter, Holdings Channel reports. The institutional investor owned 597,425 shares of the utilities provider’s stock after selling 6,710 shares during the period. Westwood Holdings Group Inc.’s holdings in Alliant Energy were worth $28,157,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in LNT. Synovus Financial Corp increased its stake in shares of Alliant Energy by 2.3% in the fourth quarter. Synovus Financial Corp now owns 10,230 shares of the utilities provider’s stock worth $433,000 after purchasing an additional 230 shares in the last quarter. HL Financial Services LLC increased its stake in shares of Alliant Energy by 2.8% in the fourth quarter. HL Financial Services LLC now owns 9,383 shares of the utilities provider’s stock worth $396,000 after purchasing an additional 260 shares in the last quarter. BOKF NA increased its stake in shares of Alliant Energy by 1.8% in the fourth quarter. BOKF NA now owns 16,182 shares of the utilities provider’s stock worth $684,000 after purchasing an additional 287 shares in the last quarter. O Shares Investment Advisers LLC increased its stake in shares of Alliant Energy by 3.0% in the first quarter. O Shares Investment Advisers LLC now owns 9,864 shares of the utilities provider’s stock worth $465,000 after purchasing an additional 288 shares in the last quarter. Finally, Utah Retirement Systems increased its stake in shares of Alliant Energy by 0.7% in the fourth quarter. Utah Retirement Systems now owns 43,290 shares of the utilities provider’s stock worth $1,830,000 after purchasing an additional 300 shares in the last quarter. 71.12% of the stock is owned by institutional investors and hedge funds.

In other Alliant Energy news, SVP James H. Gallegos sold 5,000 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $47.50, for a total transaction of $237,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Patricia L. Kampling sold 10,000 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $46.98, for a total transaction of $469,800.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,000 shares of company stock valued at $1,182,800. 0.25% of the stock is owned by company insiders.

Shares of NYSE:LNT traded up $0.69 during midday trading on Wednesday, reaching $48.90. 19,556 shares of the company were exchanged, compared to its average volume of 1,410,934. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.59 and a current ratio of 0.73. Alliant Energy Co. has a one year low of $38.22 and a one year high of $49.94. The firm has a market cap of $11.63 billion, a price-to-earnings ratio of 25.32, a P/E/G ratio of 3.28 and a beta of 0.18.

Alliant Energy (NYSE:LNT) last issued its earnings results on Thursday, May 2nd. The utilities provider reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.02. Alliant Energy had a net margin of 15.09% and a return on equity of 11.69%. The firm had revenue of $987.20 million during the quarter, compared to analyst estimates of $903.85 million. During the same quarter in the prior year, the business earned $0.52 earnings per share. Alliant Energy’s revenue for the quarter was up 7.7% on a year-over-year basis. As a group, research analysts predict that Alliant Energy Co. will post 2.15 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were given a dividend of $0.355 per share. The ex-dividend date was Monday, April 29th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 2.90%. Alliant Energy’s dividend payout ratio is 73.58%.

A number of analysts have recently issued reports on LNT shares. Zacks Investment Research raised shares of Alliant Energy from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Wednesday, April 17th. Wells Fargo & Co increased their price objective on shares of Alliant Energy from $49.00 to $52.00 and gave the stock an “outperform” rating in a research note on Monday, February 25th. Finally, Argus reissued a “buy” rating and issued a $52.00 price objective on shares of Alliant Energy in a research note on Wednesday, June 5th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Alliant Energy currently has an average rating of “Hold” and a consensus target price of $47.31.

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About Alliant Energy

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the Midwest region of the United States. It operates through three segments: Electric, Gas, and 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.

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Institutional Ownership by Quarter for Alliant Energy (NYSE:LNT)

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