National Bank of Canada FI Has $12.26 Million Stock Position in Alliant Energy Co. (NASDAQ:LNT)

National Bank of Canada FI grew its position in shares of Alliant Energy Co. (NASDAQ:LNT) by 184.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 202,008 shares of the company’s stock after buying an additional 131,053 shares during the quarter. National Bank of Canada FI owned approximately 0.08% of Alliant Energy worth $12,259,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Larson Financial Group LLC grew its position in Alliant Energy by 7,083.3% during the 3rd quarter. Larson Financial Group LLC now owns 431 shares of the company’s stock worth $26,000 after acquiring an additional 425 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in Alliant Energy in the third quarter worth $28,000. Eastern Bank bought a new stake in shares of Alliant Energy during the third quarter worth $30,000. JNBA Financial Advisors acquired a new stake in shares of Alliant Energy in the third quarter valued at $31,000. Finally, Kimelman & Baird LLC bought a new position in shares of Alliant Energy in the second quarter valued at about $41,000. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Trading Down 0.3 %

Shares of Alliant Energy stock opened at $60.70 on Wednesday. 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 firm has a 50-day moving average of $60.77 and a 200-day moving average of $56.98. Alliant Energy Co. has a 52-week low of $46.80 and a 52-week high of $64.19. The stock has a market cap of $15.58 billion, a PE ratio of 23.53, a PEG ratio of 3.02 and a beta of 0.59.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.05. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Alliant Energy had a return on equity of 10.56% and a net margin of 16.66%. The company’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.05 EPS. As a group, sell-side analysts forecast that Alliant Energy Co. will post 3.04 EPS for the current year.

Alliant Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.16%. The ex-dividend date was Thursday, October 31st. Alliant Energy’s payout ratio is presently 74.42%.

Analyst Ratings Changes

Several research firms have weighed in on LNT. LADENBURG THALM/SH SH upgraded shares of Alliant Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $50.00 to $62.50 in a research report on Tuesday, August 13th. Barclays dropped their price objective on shares of Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 6th. UBS Group lifted their target price on Alliant Energy from $64.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. BMO Capital Markets cut their price target on Alliant Energy from $65.00 to $61.00 and set a “market perform” rating on the stock in a research note on Monday, November 4th. Finally, Jefferies Financial Group assumed 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. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target 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.