4,916 Shares in Alliant Energy Corporation (NASDAQ:LNT) Bought by Oxbow Advisors LLC

Oxbow Advisors LLC purchased a new position in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 4,916 shares of the company's stock, valued at approximately $316,000.

Several other institutional investors and hedge funds have also bought and sold shares of LNT. Alpine Bank Wealth Management bought a new stake in shares of Alliant Energy in the 1st quarter worth approximately $29,000. Tsfg LLC bought a new stake in shares of Alliant Energy in the 1st quarter worth approximately $34,000. TD Private Client Wealth LLC bought a new stake in shares of Alliant Energy in the 1st quarter worth approximately $34,000. Optiver Holding B.V. grew its position in shares of 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 buying an additional 723 shares during the last quarter. Finally, TD Waterhouse Canada Inc. grew its position in shares of Alliant Energy by 212.9% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,092 shares of the company's stock worth $65,000 after buying an additional 743 shares during the last quarter. 79.90% of the stock is currently owned by institutional investors.

Alliant Energy Stock Up 0.6%

NASDAQ:LNT traded up $0.35 during trading hours on Thursday, reaching $63.22. 1,569,218 shares of the company traded hands, compared to its average volume of 1,731,498. Alliant Energy Corporation has a 1 year low of $54.56 and a 1 year high of $66.54. The business's 50-day moving average price is $61.36 and its two-hundred day moving average price is $61.17. 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 market capitalization of $16.24 billion, a P/E ratio of 21.80, a P/E/G ratio of 2.97 and a beta of 0.56.

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 for the quarter, topping the consensus estimate of $0.71 by $0.12. Alliant Energy had a return on equity of 12.01% and a net margin of 18.26%. The firm had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same quarter in the previous year, the business earned $0.62 earnings per share. The company's revenue was up 9.4% on a year-over-year basis. Analysts predict that Alliant Energy Corporation will post 3.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LNT has been the topic of a number of recent analyst reports. BMO Capital Markets cut their price objective on Alliant Energy from $66.00 to $64.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd. Jefferies Financial Group set a $71.00 target price on Alliant Energy and gave the company a "buy" rating in a research note on Tuesday, May 20th. UBS Group restated a "neutral" rating and issued a $67.00 target price (up previously from $65.00) on shares of Alliant Energy in a research note on Friday, July 11th. Wolfe Research upgraded Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 target price for the company in a research note on Monday, July 7th. Finally, Barclays cut Alliant Energy from an "equal weight" rating to an "underweight" rating and raised their target price for the company from $59.00 to $61.00 in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $64.23.

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.