Alliant Energy Co. (NASDAQ:LNT) Shares Sold by Bank of Nova Scotia

Bank of Nova Scotia lowered its holdings in Alliant Energy Co. (NASDAQ:LNT - Free Report) by 13.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,244 shares of the company's stock after selling 5,211 shares during the quarter. Bank of Nova Scotia's holdings in Alliant Energy were worth $2,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in Alliant Energy in the fourth quarter worth about $29,000. ORG Partners LLC raised its position in shares of Alliant Energy by 517.0% during the 4th quarter. ORG Partners LLC now owns 617 shares of the company's stock valued at $36,000 after purchasing an additional 517 shares during the period. Larson Financial Group LLC lifted its stake in shares of Alliant Energy by 67.5% during the 4th quarter. Larson Financial Group LLC now owns 722 shares of the company's stock valued at $43,000 after buying an additional 291 shares in the last quarter. WASHINGTON TRUST Co increased its stake in Alliant Energy by 251.2% in the 4th quarter. WASHINGTON TRUST Co now owns 878 shares of the company's stock worth $52,000 after buying an additional 628 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of Alliant Energy in the fourth quarter valued at about $53,000. Hedge funds and other institutional investors own 79.90% of the company's stock.

Alliant Energy Stock Up 0.6 %

Shares of Alliant Energy stock traded up $0.38 during trading on Friday, reaching $60.80. The company's stock had a trading volume of 2,462,916 shares, compared to its average volume of 1,596,345. 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 company has a market cap of $15.62 billion, a price-to-earnings ratio of 22.60, a P/E/G ratio of 2.83 and a beta of 0.52. The company has a 50-day simple moving average of $62.38 and a two-hundred day simple moving average of $60.82. Alliant Energy Co. has a 1-year low of $48.25 and a 1-year high of $66.54.

Alliant Energy (NASDAQ:LNT - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.68 by $0.02. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. The business had revenue of $976.00 million during the quarter, compared to analysts' expectations of $1.14 billion. As a group, equities analysts forecast that Alliant Energy Co. will post 3.23 earnings per share for the current year.

Alliant Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be given a $0.5075 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $2.03 annualized dividend and a yield of 3.34%. Alliant Energy's dividend payout ratio is presently 75.46%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Guggenheim reiterated a "neutral" rating and issued a $57.00 price target on shares of Alliant Energy in a research note on Monday, February 24th. UBS Group raised their target price on shares of Alliant Energy from $65.00 to $68.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Finally, BMO Capital Markets increased their price objective on shares of Alliant Energy from $60.00 to $66.00 and gave the company a "market perform" rating in a research report on Monday, February 24th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Alliant Energy currently has a consensus rating of "Hold" and a consensus price target of $63.55.

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.