Coldstream Capital Management Inc. Buys New Stake in Alliant Energy Co. (NASDAQ:LNT)

Coldstream Capital Management Inc. bought a new stake in Alliant Energy Co. (NASDAQ:LNT – Get Rating) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 30,989 shares of the company’s stock, valued at approximately $1,711,000.

Several other institutional investors have also modified their holdings of LNT. James Investment Research Inc. acquired a new position in shares of Alliant Energy in the third quarter worth $25,000. Vectors Research Management LLC grew its stake in shares of Alliant Energy by 477.4% during the second quarter. Vectors Research Management LLC now owns 485 shares of the company’s stock worth $28,000 after purchasing an additional 401 shares in the last quarter. GPS Wealth Strategies Group LLC acquired a new position in shares of Alliant Energy during the third quarter worth $36,000. Guardian Wealth Advisors LLC acquired a new position in shares of Alliant Energy during the third quarter worth $36,000. Finally, Ronald Blue Trust Inc. acquired a new position in shares of Alliant Energy during the second quarter worth $38,000. Institutional investors and hedge funds own 75.89% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on LNT. Wells Fargo & Company boosted their target price on shares of Alliant Energy from $57.00 to $63.00 in a research note on Wednesday, December 14th. Bank of America cut shares of Alliant Energy from a “buy” rating to a “neutral” rating and reduced their price target for the company from $57.00 to $56.00 in a research report on Wednesday, December 7th. BMO Capital Markets reduced their price target on shares of Alliant Energy from $59.00 to $58.00 and set a “market perform” rating for the company in a research report on Monday, February 27th. UBS Group boosted their price target on shares of Alliant Energy to $58.00 in a research report on Monday, November 21st. Finally, Guggenheim raised shares of Alliant Energy from a “sell” rating to a “neutral” rating and boosted their price target for the company from $46.00 to $52.00 in a research report on Tuesday, February 21st. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $59.50.

Alliant Energy Price Performance

Shares of NASDAQ:LNT opened at $53.17 on Friday. The company has a 50-day simple moving average of $53.33 and a 200-day simple moving average of $53.38. Alliant Energy Co. has a one year low of $47.19 and a one year high of $65.37. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.39 and a current ratio of 0.53. The stock has a market capitalization of $13.35 billion, a price-to-earnings ratio of 19.48, a PEG ratio of 3.16 and a beta of 0.53.

Alliant Energy (NASDAQ:LNT – Get Rating) last announced its earnings results on Friday, February 24th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). Alliant Energy had a net margin of 16.32% and a return on equity of 11.31%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $875.67 million. During the same period in the previous year, the company posted $0.35 earnings per share. Alliant Energy’s quarterly revenue was up 14.1% on a year-over-year basis. On average, analysts predict that Alliant Energy Co. will post 2.9 EPS for the current year.

Alliant Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 15th. Investors of record on Tuesday, January 31st were issued a dividend of $0.4525 per share. This is a boost from Alliant Energy’s previous quarterly dividend of $0.43. This represents a $1.81 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend was Monday, January 30th. Alliant Energy’s dividend payout ratio is currently 66.30%.

Alliant Energy Company Profile

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Alliant Energy Corp. is a regulated investor-owned public utility holding company that engages in the provision of regulated electricity and natural gas service to natural gas customers in the Midwest through its two public utility subsidiaries. It operates through following segments: utility electric operations, utility gas operations, and utility other.