Coldstream Capital Management Inc. Boosts Stock Position in Alliant Energy Co. (NASDAQ:LNT)

Coldstream Capital Management Inc. lifted its position in Alliant Energy Co. (NASDAQ:LNT) by 2.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,862 shares of the company’s stock after purchasing an additional 1,139 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Alliant Energy were worth $2,723,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Janus Henderson Group PLC boosted its holdings in Alliant Energy by 0.6% during the 3rd quarter. Janus Henderson Group PLC now owns 10,691,172 shares of the company’s stock valued at $648,847,000 after acquiring an additional 65,110 shares during the period. Geode Capital Management LLC boosted its holdings in Alliant Energy by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 6,593,166 shares of the company’s stock valued at $398,880,000 after acquiring an additional 92,525 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Alliant Energy by 8.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,512,770 shares of the company’s stock valued at $395,260,000 after acquiring an additional 512,429 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Alliant Energy by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,216,475 shares of the company’s stock valued at $134,518,000 after acquiring an additional 14,225 shares during the period. Finally, Johnson Investment Counsel Inc. boosted its holdings in Alliant Energy by 1.7% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 1,756,533 shares of the company’s stock valued at $89,408,000 after acquiring an additional 29,358 shares during the period. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Alliant Energy Stock Down 0.3 %

Shares of NASDAQ:LNT opened at $60.70 on Wednesday. Alliant Energy Co. has a 52-week low of $46.80 and a 52-week high of $64.19. The firm has a market capitalization of $15.58 billion, a P/E ratio of 23.53, a P/E/G ratio of 3.02 and a beta of 0.59. The stock has a 50 day moving average price of $60.77 and a 200-day moving average price of $56.98. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings data on Thursday, October 31st. The company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.05. Alliant Energy had a return on equity of 10.56% and a net margin of 16.66%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the company earned $1.05 EPS. The firm’s revenue for the quarter was up .4% on a year-over-year basis. As a group, equities research analysts anticipate that Alliant Energy Co. will post 3.04 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend was Thursday, October 31st. Alliant Energy’s dividend payout ratio (DPR) is presently 74.42%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Bank of America increased their target price on Alliant Energy from $62.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Barclays lowered their price target on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 6th. LADENBURG THALM/SH SH raised Alliant Energy from a “neutral” rating to a “buy” rating and upped their price target for the company from $50.00 to $62.50 in a research report on Tuesday, August 13th. Scotiabank upped their price target on Alliant Energy from $58.00 to $64.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Finally, Mizuho upped their price target on Alliant Energy from $52.00 to $61.00 and gave the company a “neutral” rating in a research 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 company’s stock. Based on data from MarketBeat, Alliant Energy has a consensus rating of “Hold” and a consensus target price 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.