National Bank of Canada FI increased its holdings in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) by 5.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 213,382 shares of the company's stock after purchasing an additional 11,374 shares during the period. National Bank of Canada FI owned 0.08% of Alliant Energy worth $12,626,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in LNT. Jennison Associates LLC acquired a new position in shares of Alliant Energy in the fourth quarter valued at approximately $32,225,000. Retirement Systems of Alabama raised its position in Alliant Energy by 698.3% during the 3rd quarter. Retirement Systems of Alabama now owns 451,477 shares of the company's stock worth $27,400,000 after buying an additional 394,920 shares during the last quarter. National Pension Service acquired a new stake in shares of Alliant Energy in the 4th quarter worth $22,531,000. Raymond James Financial Inc. purchased a new stake in shares of Alliant Energy in the fourth quarter valued at about $20,677,000. Finally, Vanguard Group Inc. increased its stake in shares of Alliant Energy by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 32,663,708 shares of the company's stock worth $1,931,732,000 after acquiring an additional 226,275 shares during the period. Hedge funds and other institutional investors own 79.90% of the company's stock.
Analyst Ratings Changes
LNT has been the topic of a number of analyst reports. Scotiabank lowered Alliant Energy from a "sector outperform" rating to a "sector perform" rating and lifted their price objective for the company from $64.00 to $67.00 in a report on Thursday, December 12th. BMO Capital Markets upped their price objective on Alliant Energy from $60.00 to $66.00 and gave the stock a "market perform" rating in a report on Monday, February 24th. UBS Group raised their target price on Alliant Energy from $65.00 to $68.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Finally, Guggenheim reaffirmed a "neutral" rating and set a $57.00 price target on shares of Alliant Energy in a research note on Monday, February 24th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $63.55.
View Our Latest Report on Alliant Energy
Alliant Energy Price Performance
LNT stock traded down $0.99 on Thursday, reaching $59.43. The company had a trading volume of 481,976 shares, compared to its average volume of 1,941,585. The company's fifty day moving average is $62.21 and its 200 day moving average is $60.80. The company has a market cap of $15.27 billion, a P/E ratio of 22.10, a PEG ratio of 2.83 and a beta of 0.52. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86. Alliant Energy Co. has a 1 year low of $47.23 and a 1 year high of $66.54.
Alliant Energy (NASDAQ:LNT - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.02. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. The business had revenue of $976.00 million for the quarter, compared to the consensus estimate of $1.14 billion. On average, research analysts forecast that Alliant Energy Co. will post 3.23 earnings per share for the current year.
Alliant Energy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be given a $0.5075 dividend. This represents a $2.03 annualized dividend and a dividend yield of 3.42%. The ex-dividend date is Wednesday, April 30th. Alliant Energy's dividend payout ratio (DPR) is currently 75.46%.
About Alliant Energy
(
Free Report)
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.
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