Alliant Energy Co. (NASDAQ:LNT) Shares Bought by National Bank of Canada FI

National Bank of Canada FI raised its position in shares of Alliant Energy Co. (NASDAQ:LNT) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 213,382 shares of the company’s stock after buying an additional 11,374 shares during the period. National Bank of Canada FI owned about 0.08% of Alliant Energy worth $12,626,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in shares of Alliant Energy during the fourth quarter worth $29,000. ORG Partners LLC boosted its stake in Alliant Energy by 517.0% in the fourth quarter. ORG Partners LLC now owns 617 shares of the company’s stock valued at $36,000 after acquiring an additional 517 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of Alliant Energy by 67.5% in the 4th quarter. Larson Financial Group LLC now owns 722 shares of the company’s stock valued at $43,000 after purchasing an additional 291 shares during the period. WASHINGTON TRUST Co grew its position in shares of Alliant Energy by 251.2% during the fourth quarter. WASHINGTON TRUST Co now owns 878 shares of the company’s stock worth $52,000 after acquiring an additional 628 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new position in Alliant Energy during the 4th quarter worth $53,000. 79.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LNT has been the subject of a number of recent research reports. Guggenheim reaffirmed a “neutral” rating and set a $57.00 price objective on shares of Alliant Energy in a research report on Monday, February 24th. UBS Group boosted their price objective on shares of Alliant Energy from $65.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. BMO Capital Markets lifted 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. Finally, Scotiabank downgraded shares of Alliant Energy from a “sector outperform” rating to a “sector perform” rating and upped their price target for the company from $64.00 to $67.00 in a report on Thursday, December 12th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Alliant Energy currently has an average rating of “Hold” and an average price target of $63.55.

Alliant Energy Trading Down 5.4 %

Shares of LNT stock opened at $61.36 on Friday. Alliant Energy Co. has a 1-year low of $47.23 and a 1-year high of $66.54. The firm’s 50-day simple moving average is $62.16 and its 200-day simple moving average is $60.81. The firm has a market cap of $15.75 billion, a P/E ratio of 22.81, a PEG ratio of 2.83 and a beta of 0.52. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.70 earnings per share 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 analyst estimates of $1.14 billion. As a group, equities analysts forecast that Alliant Energy Co. will post 3.23 EPS for the current year.

Alliant Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders 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 3.31%. The ex-dividend date is Wednesday, April 30th. Alliant Energy’s payout ratio is 75.46%.

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.