Oxbow Advisors LLC Purchases New Holdings in Alliant Energy Corporation (NASDAQ:LNT)

Oxbow Advisors LLC bought a new stake in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 4,916 shares of the company's stock, valued at approximately $316,000.

Several other institutional investors have also recently added to or reduced their stakes in LNT. Alpine Bank Wealth Management bought a new stake in Alliant Energy in the first quarter valued at $29,000. Tsfg LLC bought a new stake in Alliant Energy in the 1st quarter valued at about $34,000. TD Private Client Wealth LLC acquired a new position in Alliant Energy during the 1st quarter valued at about $34,000. Optiver Holding B.V. grew its position in Alliant Energy by 382.5% in the 4th quarter. Optiver Holding B.V. now owns 912 shares of the company's stock worth $54,000 after purchasing an additional 723 shares during the last quarter. Finally, TD Waterhouse Canada Inc. increased its stake in shares of Alliant Energy by 212.9% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,092 shares of the company's stock valued at $65,000 after purchasing an additional 743 shares during the period. Institutional investors own 79.90% of the company's stock.

Alliant Energy Price Performance

LNT stock traded up $0.51 on Monday, hitting $62.59. 1,637,479 shares of the company's stock traded hands, compared to its average volume of 1,999,521. The stock has a market cap of $16.08 billion, a price-to-earnings ratio of 21.58, a P/E/G ratio of 2.93 and a beta of 0.56. Alliant Energy Corporation has a 1-year low of $53.12 and a 1-year high of $66.54. The company has a current ratio of 0.34, a quick ratio of 0.24 and a debt-to-equity ratio of 1.21. The stock has a fifty day moving average of $61.25 and a 200-day moving average of $61.10.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.12. The company had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.09 billion. Alliant Energy had a return on equity of 12.01% and a net margin of 18.26%. The firm's revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.62 earnings per share. On average, analysts forecast that Alliant Energy Corporation will post 3.23 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LNT. Wall Street Zen raised Alliant Energy from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Jefferies Financial Group set a $71.00 price target on Alliant Energy and gave the company a "buy" rating in a report on Tuesday, May 20th. BMO Capital Markets reduced their price objective on shares of Alliant Energy from $66.00 to $64.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Barclays lowered shares of Alliant Energy from an "equal weight" rating to an "underweight" rating and increased their target price for the company from $59.00 to $61.00 in a research report on Tuesday, April 22nd. Finally, Wolfe Research upgraded shares of Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 price target on the stock in a research report on Monday, July 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $64.23.

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.