Alliant Energy Co. (NASDAQ:LNT) Stock Position Increased by Natixis Advisors LLC

Natixis Advisors LLC grew its position in Alliant Energy Co. (NASDAQ:LNT) by 14.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 196,318 shares of the company’s stock after purchasing an additional 25,161 shares during the period. Natixis Advisors LLC owned approximately 0.08% of Alliant Energy worth $11,915,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Cetera Investment Advisers raised its position in Alliant Energy by 200.8% in the first quarter. Cetera Investment Advisers now owns 215,821 shares of the company’s stock worth $10,877,000 after acquiring an additional 144,077 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in Alliant Energy by 28.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 44,537 shares of the company’s stock valued at $2,245,000 after purchasing an additional 9,977 shares in the last quarter. Cetera Advisors LLC increased its stake in shares of Alliant Energy by 168.5% in the first quarter. Cetera Advisors LLC now owns 51,259 shares of the company’s stock worth $2,583,000 after acquiring an additional 32,166 shares during the last quarter. Seven Eight Capital LP purchased a new position in Alliant Energy in the second quarter valued at about $1,248,000. Finally, Principal Financial Group Inc. increased its position in Alliant Energy by 9.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,183,765 shares of the company’s stock worth $71,839,000 after purchasing an additional 101,387 shares during the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Trading Down 0.0 %

Alliant Energy stock opened at $62.23 on Thursday. The business’s 50-day simple moving average is $60.13 and its 200-day simple moving average is $55.93. Alliant Energy Co. has a 52 week low of $46.80 and a 52 week high of $62.59. The firm has a market capitalization of $15.97 billion, a PE ratio of 24.12, a PEG ratio of 3.06 and a beta of 0.58. 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 (NASDAQ:LNT) last issued its quarterly earnings results on Thursday, October 31st. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.10 by $0.05. Alliant Energy had a return on equity of 10.56% and a net margin of 16.66%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the business posted $1.05 EPS. The company’s revenue for the quarter was up .4% on a year-over-year basis. Equities research analysts forecast that Alliant Energy Co. will post 3.04 earnings per share for the current year.

Alliant Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend was Thursday, October 31st. Alliant Energy’s dividend payout ratio (DPR) is presently 74.42%.

Analyst Ratings Changes

A number of research firms recently commented on LNT. Bank of America increased their price objective on Alliant Energy from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. UBS Group lifted their price objective 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. LADENBURG THALM/SH SH raised shares of Alliant Energy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $50.00 to $62.50 in a research report on Tuesday, August 13th. Wells Fargo & Company reduced their price target on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Finally, Mizuho upped their price target on Alliant Energy from $52.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, October 4th. Five 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.com, the company currently has an average rating of “Hold” and an average price target of $63.06.

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.