Alliant Energy Co. (NASDAQ:LNT) Shares Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale grew its position in Alliant Energy Co. (NASDAQ:LNT - Free Report) by 27.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 52,190 shares of the company's stock after acquiring an additional 11,165 shares during the period. DekaBank Deutsche Girozentrale's holdings in Alliant Energy were worth $3,145,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Northwest Investment Counselors LLC purchased a new stake in Alliant Energy in the 3rd quarter worth $28,000. Eastern Bank acquired a new position in shares of Alliant Energy during the 3rd quarter worth about $30,000. Kimelman & Baird LLC acquired a new position in shares of Alliant Energy during the 2nd quarter worth about $41,000. Ashton Thomas Private Wealth LLC purchased a new position in Alliant Energy in the 2nd quarter valued at about $43,000. Finally, MRP Capital Investments LLC acquired a new stake in Alliant Energy in the 2nd quarter worth about $56,000. 79.90% of the stock is owned by hedge funds and other institutional investors.

Alliant Energy Trading Down 3.8 %

Alliant Energy stock traded down $2.26 during midday trading on Friday, reaching $57.74. 3,222,744 shares of the stock traded hands, compared to its average volume of 1,392,841. The firm has a market cap of $14.81 billion, a PE ratio of 22.38, a price-to-earnings-growth ratio of 2.88 and a beta of 0.58. The company has a current ratio of 0.65, a quick ratio of 0.48 and a debt-to-equity ratio of 1.31. The company has a 50-day simple moving average of $59.89 and a two-hundred day simple moving average of $55.06. Alliant Energy Co. has a 12-month low of $46.80 and a 12-month high of $62.49.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.11 by $0.04. Alliant Energy had a net margin of 16.66% and a return on equity of 10.62%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the firm posted $1.05 earnings per share. The business's revenue for the quarter was up .4% compared to the same quarter last year. Research analysts expect that Alliant Energy Co. will post 3.05 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend is Thursday, October 31st. Alliant Energy's dividend payout ratio is currently 74.42%.

Analyst Ratings Changes

LNT has been the topic of several recent research reports. Wells Fargo & Company upped their target price on shares of Alliant Energy from $62.00 to $66.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. Mizuho upped their price objective on Alliant Energy from $52.00 to $61.00 and gave the company a "neutral" rating in a report on Friday, October 4th. Jefferies Financial Group started coverage on Alliant Energy in a research report on Thursday, September 19th. They issued a "hold" rating and a $67.00 price objective for the company. Barclays lifted their target price on Alliant Energy from $55.00 to $61.00 and gave the company an "equal weight" rating in a research report on Monday, October 14th. Finally, LADENBURG THALM/SH SH upgraded Alliant Energy from a "neutral" rating to a "buy" rating and increased their price target for the stock from $50.00 to $62.50 in a report on Tuesday, August 13th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Alliant Energy currently has a consensus rating of "Hold" and an average target price of $63.28.

Alliant Energy Company 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.