Alliant Energy Co. (NASDAQ:LNT) Shares Acquired by Czech National Bank

Czech National Bank boosted its holdings in Alliant Energy Co. (NASDAQ:LNT) by 6.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,636 shares of the company’s stock after acquiring an additional 3,385 shares during the quarter. Czech National Bank’s holdings in Alliant Energy were worth $3,290,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. ORG Partners LLC raised its position in Alliant Energy by 517.0% during the fourth quarter. ORG Partners LLC now owns 617 shares of the company’s stock worth $36,000 after acquiring an additional 517 shares during the last quarter. GAMMA Investing LLC lifted its position in Alliant Energy by 8.4% during the fourth quarter. GAMMA Investing LLC now owns 15,984 shares of the company’s stock worth $945,000 after buying an additional 1,245 shares during the period. Principal Financial Group Inc. boosted its stake 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 buying an additional 101,387 shares during the last quarter. Retirement Systems of Alabama grew its holdings in Alliant Energy by 698.3% in the 3rd quarter. Retirement Systems of Alabama now owns 451,477 shares of the company’s stock valued at $27,400,000 after buying an additional 394,920 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in Alliant Energy during the third quarter worth approximately $72,000. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Stock Up 2.7 %

LNT stock opened at $60.07 on Friday. Alliant Energy Co. has a fifty-two week low of $46.80 and a fifty-two week high of $64.19. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. The stock has a market cap of $15.41 billion, a PE ratio of 23.28, a price-to-earnings-growth ratio of 2.65 and a beta of 0.60. The firm’s 50-day simple moving average is $60.08 and its 200 day simple moving average is $58.54.

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

Analyst Ratings Changes

A number of brokerages recently weighed in on LNT. BMO Capital Markets reduced their target price on Alliant Energy from $65.00 to $61.00 and set a “market perform” rating on the stock in a report on Monday, November 4th. Mizuho increased their price target on Alliant Energy from $52.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, October 4th. Barclays reduced their price objective on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 6th. UBS Group raised their target price on Alliant Energy from $64.00 to $65.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Finally, Scotiabank downgraded shares of Alliant Energy from a “sector outperform” rating to a “sector perform” rating and upped their target price for the company from $64.00 to $67.00 in a research note on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $63.39.

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.