Koshinski Asset Management Inc. Reduces Stock Position in Alliant Energy Co. (NASDAQ:LNT)

Koshinski Asset Management Inc. trimmed its position in Alliant Energy Co. (NASDAQ:LNT) by 16.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,501 shares of the company’s stock after selling 3,547 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Alliant Energy were worth $1,062,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Intech Investment Management LLC raised its position in Alliant Energy by 604.0% during the 1st quarter. Intech Investment Management LLC now owns 72,768 shares of the company’s stock worth $3,668,000 after buying an additional 62,431 shares during the last quarter. Cetera Investment Advisers lifted its position in Alliant Energy by 200.8% during the first quarter. Cetera Investment Advisers now owns 215,821 shares of the company’s stock valued at $10,877,000 after purchasing an additional 144,077 shares during the period. Forsta AP Fonden boosted its holdings in Alliant Energy by 36.3% in the first quarter. Forsta AP Fonden now owns 70,600 shares of the company’s stock valued at $3,558,000 after purchasing an additional 18,800 shares during the last quarter. FORA Capital LLC acquired a new stake in Alliant Energy during the 1st quarter worth about $2,199,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of Alliant Energy by 103.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,286,941 shares of the company’s stock valued at $66,020,000 after buying an additional 654,460 shares during the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Analyst Ratings Changes

LNT has been the topic of several analyst reports. Mizuho raised their target price on Alliant Energy from $52.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, October 4th. Wells Fargo & Company raised their price target on shares of Alliant Energy from $56.00 to $62.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Barclays upped their price objective on shares of Alliant Energy from $52.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 11th. Bank of America upped their price target on Alliant Energy from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Finally, LADENBURG THALM/SH SH raised Alliant Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $50.00 to $62.50 in a report on Tuesday, August 13th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $62.17.

Alliant Energy Price Performance

NASDAQ:LNT opened at $59.67 on Monday. The firm has a market cap of $15.30 billion, a P/E ratio of 21.70, a price-to-earnings-growth ratio of 2.83 and a beta of 0.58. The stock has a 50 day moving average of $58.65 and a two-hundred day moving average of $53.86. Alliant Energy Co. has a 12 month low of $46.80 and a 12 month high of $61.09. The company has a current ratio of 0.65, a quick ratio of 0.48 and a debt-to-equity ratio of 1.31.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.07). Alliant Energy had a net margin of 15.77% and a return on equity of 10.23%. The firm had revenue of $894.00 million during the quarter, compared to analyst estimates of $897.03 million. During the same period in the prior year, the company posted $0.64 earnings per share. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, analysts expect that Alliant Energy Co. will post 3.05 earnings per share for the current fiscal year.

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.