Coldstream Capital Management Inc. Increases Stock Holdings in Alliant Energy Co. (NASDAQ:LNT)

Coldstream Capital Management Inc. lifted its stake in shares of Alliant Energy Co. (NASDAQ:LNT) by 2.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,862 shares of the company’s stock after buying an additional 1,139 shares during the period. 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 also recently modified their holdings of the company. Larson Financial Group LLC lifted its holdings in Alliant Energy by 7,083.3% during the third quarter. Larson Financial Group LLC now owns 431 shares of the company’s stock worth $26,000 after acquiring an additional 425 shares during the period. Northwest Investment Counselors LLC bought a new stake in Alliant Energy during the third quarter worth $28,000. Eastern Bank bought a new stake in Alliant Energy during the third quarter worth $30,000. JNBA Financial Advisors bought a new stake in Alliant Energy during the third quarter worth $31,000. Finally, Kimelman & Baird LLC bought a new stake in Alliant Energy during the second quarter worth $41,000. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Performance

NASDAQ:LNT opened at $60.70 on Wednesday. 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 Co. has a 52-week low of $46.80 and a 52-week high of $64.19. The firm has a market cap of $15.58 billion, a price-to-earnings ratio of 23.53, a PEG ratio of 3.02 and a beta of 0.59. The business’s fifty day moving average is $60.77 and its 200 day moving average is $56.98.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.15 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the company posted $1.05 EPS. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. Research analysts predict that Alliant Energy Co. will post 3.04 EPS for the current year.

Alliant Energy Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 3.16%. The ex-dividend date was Thursday, October 31st. Alliant Energy’s payout ratio is 74.42%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Wells Fargo & Company lowered their target price on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Bank of America boosted their target price on Alliant Energy from $62.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Scotiabank boosted their target price on Alliant Energy from $58.00 to $64.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Mizuho boosted their target price on Alliant Energy from $52.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, October 4th. Finally, Barclays lowered their target price on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 6th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $63.06.

About Alliant Energy

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.