Pathstone Holdings LLC Cuts Stock Holdings in Alliant Energy Co. (NASDAQ:LNT)

Pathstone Holdings LLC lowered its position in shares of Alliant Energy Co. (NASDAQ:LNT) by 1.8% in the third quarter, HoldingsChannel.com reports. The firm owned 29,544 shares of the company’s stock after selling 535 shares during the quarter. Pathstone Holdings LLC’s holdings in Alliant Energy were worth $1,793,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of LNT. New England Asset Management Inc. boosted its stake in Alliant Energy by 0.8% in the third quarter. New England Asset Management Inc. now owns 133,980 shares of the company’s stock valued at $8,131,000 after acquiring an additional 1,070 shares in the last quarter. Capital City Trust Co. FL purchased a new stake in shares of Alliant Energy in the third quarter valued at about $202,000. Peterson Financial Group Inc. purchased a new stake in shares of Alliant Energy in the third quarter valued at about $71,000. Accredited Investors Inc. purchased a new stake in shares of Alliant Energy in the third quarter valued at about $208,000. Finally, Natixis Advisors LLC raised its holdings in shares of Alliant Energy by 14.7% in the third quarter. Natixis Advisors LLC now owns 196,318 shares of the company’s stock valued at $11,915,000 after buying an additional 25,161 shares during the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Trading Up 0.4 %

NASDAQ LNT opened at $63.59 on Thursday. Alliant Energy Co. has a one year low of $46.80 and a one year high of $64.19. The company has a 50-day simple moving average of $60.47 and a 200-day simple moving average of $56.36. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86. The firm has a market capitalization of $16.32 billion, a PE ratio of 24.65, a price-to-earnings-growth ratio of 3.15 and a beta of 0.58.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Thursday, October 31st. The company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.05. Alliant Energy had a net margin of 16.66% and a return on equity of 10.56%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the firm earned $1.05 EPS. Alliant Energy’s revenue was up .4% on a year-over-year basis. On average, equities analysts forecast that Alliant Energy Co. will post 3.04 earnings per share for the current year.

Alliant Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.02%. Alliant Energy’s dividend payout ratio is currently 74.42%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LNT. Bank of America increased their price target on shares of Alliant Energy from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Barclays lowered their price target on shares of Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. BMO Capital Markets lowered their price target on shares of Alliant Energy from $65.00 to $61.00 and set a “market perform” rating on the stock in a research report on Monday, November 4th. LADENBURG THALM/SH SH upgraded shares of Alliant Energy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $50.00 to $62.50 in a research report on Tuesday, August 13th. Finally, UBS Group raised their target price on shares of Alliant Energy from $64.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target 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.