National Bank of Canada FI Purchases 131,053 Shares of Alliant Energy Co. (NASDAQ:LNT)

National Bank of Canada FI lifted its stake in Alliant Energy Co. (NASDAQ:LNT - Free Report) by 184.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 202,008 shares of the company's stock after buying an additional 131,053 shares during the period. National Bank of Canada FI owned approximately 0.08% of Alliant Energy worth $12,259,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in LNT. QRG Capital Management Inc. grew its position in shares of Alliant Energy by 7.2% in the 2nd quarter. QRG Capital Management Inc. now owns 8,655 shares of the company's stock worth $441,000 after buying an additional 578 shares during the period. SG Americas Securities LLC boosted its position in shares of Alliant Energy by 183.3% in the 2nd quarter. SG Americas Securities LLC now owns 61,523 shares of the company's stock worth $3,132,000 after purchasing an additional 39,804 shares in the last quarter. Czech National Bank boosted its holdings in Alliant Energy by 8.8% in the second quarter. Czech National Bank now owns 48,855 shares of the company's stock worth $2,487,000 after acquiring an additional 3,956 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Alliant Energy by 12.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 48,679 shares of the company's stock worth $2,478,000 after purchasing an additional 5,324 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its position in Alliant Energy by 3.3% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 52,246 shares of the company's stock valued at $2,659,000 after purchasing an additional 1,686 shares during the last quarter. 79.90% of the stock is owned by hedge funds and other institutional investors.

Alliant Energy Price Performance

Shares of LNT traded down $0.29 during mid-day trading on Wednesday, hitting $60.41. 1,251,243 shares of the company were exchanged, compared to its average volume of 1,617,216. 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 company has a 50 day moving average of $60.77 and a 200-day moving average of $57.06. The stock has a market cap of $15.50 billion, a price-to-earnings ratio of 23.53, a price-to-earnings-growth ratio of 3.02 and a beta of 0.59. Alliant Energy Co. has a 1-year low of $46.80 and a 1-year high of $64.19.

Alliant Energy (NASDAQ:LNT - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.10 by $0.05. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. Alliant Energy had a net margin of 16.66% and a return on equity of 10.56%. The business's revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.05 EPS. Analysts expect that Alliant Energy Co. will post 3.04 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a $0.48 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.92 annualized dividend and a yield of 3.18%. Alliant Energy's dividend payout ratio is presently 74.42%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LNT. Barclays dropped 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 report on Wednesday, November 6th. UBS Group boosted their target price on shares of Alliant Energy from $64.00 to $65.00 and gave the company a "neutral" rating in a research note on Friday, September 20th. Bank of America increased their price target on Alliant Energy from $62.00 to $63.00 and gave the company a "buy" rating in a report on Thursday, August 29th. Jefferies Financial Group started coverage on shares of Alliant Energy in a research note on Thursday, September 19th. They set a "hold" rating and a $67.00 price target on the stock. Finally, Wells Fargo & Company lowered their target price on shares of Alliant Energy from $66.00 to $65.00 and set an "overweight" rating on the stock in a research note on Monday, November 4th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price 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.