Alliant Energy (LNT) Reaches $44.62 High on Nov, 14; Park National Has Boosted National Oilwell Varco (NOV) Holding

November 14, 2017 - By Hazel Jackson

The stock of Alliant Energy Corporation (NYSE:LNT) reached all time high today, Nov, 14 and still has $46.85 target or 5.00% above today’s $44.62 share price. This indicates more upside for the $10.31 billion company. This technical setup was reported by Barchart.com. If the $46.85 PT is reached, the company will be worth $515.50 million more. About 114,816 shares traded. Alliant Energy Corporation (NYSE:LNT) has risen 11.22% since November 14, 2016 and is uptrending. It has underperformed by 5.48% the S&P500.

Park National Corp increased National Oilwell Varco Inc (NOV) stake by 135.26% reported in 2017Q2 SEC filing. Park National Corp acquired 12,509 shares as National Oilwell Varco Inc (NOV)’s stock declined 11.45%. The Park National Corp holds 21,757 shares with $716,000 value, up from 9,248 last quarter. National Oilwell Varco Inc now has $12.34B valuation. The stock declined 1.72% or $0.57 reaching $32.48 on the news. About 193,288 shares traded. National-Oilwell Varco, Inc. (NYSE:NOV) has risen 11.97% since November 14, 2016 and is uptrending. It has underperformed by 4.73% the S&P500.

Park National Corp decreased Microsoft Corporation (NASDAQ:MSFT) stake by 11,007 shares to 659,161 valued at $45.44M in 2017Q2. It also reduced Accenture Plc Ireland Shares C (NYSE:ACN) stake by 3,908 shares and now owns 39,781 shares. Nisource Inc (NYSE:NI) was reduced too.

Investors sentiment decreased to 0.67 in 2017 Q2. Its down 0.30, from 0.97 in 2017Q1. It is negative, as 82 investors sold NOV shares while 216 reduced holdings. 50 funds opened positions while 151 raised stakes. 340.10 million shares or 1.18% less from 344.17 million shares in 2017Q1 were reported. Baxter Bros reported 10,155 shares. 1.38 million were reported by Swiss Bank & Trust. Great Lakes Advisors Ltd Liability Corp accumulated 1.21% or 1.50M shares. Principal Financial reported 596,492 shares. 8,946 are owned by Keybank Association Oh. Amica Pension Fund Board Of Trustees invested 0.06% of its portfolio in National-Oilwell Varco, Inc. (NYSE:NOV). Gofen Glossberg Ltd Liability Corporation Il reported 45,657 shares or 0.06% of all its holdings. Bancshares Of America De holds 0.01% of its portfolio in National-Oilwell Varco, Inc. (NYSE:NOV) for 1.10 million shares. Arrowstreet Cap Partnership reported 42,200 shares stake. Harris Lp invested in 18.57 million shares. Reliance Of Delaware invested in 29,947 shares or 0.15% of the stock. Alliancebernstein Limited Partnership reported 1.27M shares stake. Glenmede Na reported 0.16% stake. Massachusetts Ser Comm Ma reported 4.41M shares stake. Susquehanna Grp Incorporated Llp reported 0.01% of its portfolio in National-Oilwell Varco, Inc. (NYSE:NOV).

Among 34 analysts covering National Oilwell Varco (NYSE:NOV), 10 have Buy rating, 6 Sell and 18 Hold. Therefore 29% are positive. National Oilwell Varco had 103 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Hold” rating by Johnson Rice given on Friday, December 9. RBC Capital Markets maintained it with “Sector Perform” rating and $35 target in Friday, April 29 report. Piper Jaffray maintained National-Oilwell Varco, Inc. (NYSE:NOV) rating on Monday, September 25. Piper Jaffray has “Buy” rating and $36.0 target. The rating was maintained by Citigroup with “Sell” on Monday, October 5. The firm earned “Equal-Weight” rating on Monday, October 30 by Barclays Capital. The rating was maintained by Morgan Stanley with “Underweight” on Tuesday, April 19. JP Morgan maintained National-Oilwell Varco, Inc. (NYSE:NOV) rating on Monday, October 30. JP Morgan has “Neutral” rating and $27 target. The firm has “Overweight” rating given on Tuesday, June 20 by PiperJaffray. The company was maintained on Thursday, March 23 by Scotia Capital. BMO Capital Markets maintained National-Oilwell Varco, Inc. (NYSE:NOV) rating on Wednesday, June 21. BMO Capital Markets has “Sell” rating and $3000 target.

Among 8 analysts covering Alliant Energy (NYSE:LNT), 3 have Buy rating, 0 Sell and 5 Hold. Therefore 38% are positive. Alliant Energy had 15 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was downgraded by Macquarie Research on Tuesday, January 24 to “Neutral”. Zacks upgraded the stock to “Hold” rating in Wednesday, August 12 report. Barclays Capital downgraded Alliant Energy Corporation (NYSE:LNT) rating on Friday, June 10. Barclays Capital has “Equal-Weight” rating and $39 target. The firm has “Outperform” rating by Wells Fargo given on Monday, November 16. The stock of Alliant Energy Corporation (NYSE:LNT) has “Buy” rating given on Monday, March 21 by Argus Research. The firm has “Hold” rating by Bank of America given on Tuesday, October 24. Wolfe Research downgraded the shares of LNT in report on Friday, August 7 to “Outperform” rating. The firm has “Overweight” rating given on Friday, March 18 by Barclays Capital. The firm has “Buy” rating by Argus Research given on Thursday, August 25.

Alliant Energy Corporation operates as a regulated investor-owned public utility holding company. The company has market cap of $10.31 billion. The Company’s divisions include Utility and Non-regulated, Parent and Other. It has a 24.06 P/E ratio. The Utility segment includes the activities of Interstate Power and Light Company and Wisconsin Power and Light Company (WPL), which serve retail clients in Iowa and Wisconsin.

Analysts await Alliant Energy Corporation (NYSE:LNT) to report earnings on February, 22. They expect $0.34 earnings per share, up 21.43% or $0.06 from last year’s $0.28 per share. LNT’s profit will be $78.56 million for 32.81 P/E if the $0.34 EPS becomes a reality. After $0.75 actual earnings per share reported by Alliant Energy Corporation for the previous quarter, Wall Street now forecasts -54.67% negative EPS growth.

Since May 19, 2017, it had 1 insider buy, and 1 sale for $59,684 activity. Dunie Deborah B. bought $146,566 worth of stock or 3,700 shares. 5,000 shares valued at $206,250 were sold by GALLEGOS JAMES H on Tuesday, May 23.

Investors sentiment decreased to 1.06 in 2017 Q2. Its down 0.07, from 1.13 in 2017Q1. It turned negative, as 24 investors sold Alliant Energy Corporation shares while 135 reduced holdings. 47 funds opened positions while 122 raised stakes. 149.82 million shares or 0.56% less from 150.67 million shares in 2017Q1 were reported. Capstone Asset stated it has 0.02% of its portfolio in Alliant Energy Corporation (NYSE:LNT). Principal Financial Gru Incorporated holds 2.22 million shares. Trust Department Mb National Bank N A has invested 0% of its portfolio in Alliant Energy Corporation (NYSE:LNT). Architects, a New Jersey-based fund reported 5,644 shares. Public Employees Retirement System Of Ohio invested in 100,514 shares or 0.02% of the stock. Spectrum Mgmt Gp, Indiana-based fund reported 16,450 shares. Hanson Doremus Investment Management invested in 19,044 shares. Virtus Invest Advisers invested in 5,162 shares or 0.02% of the stock. Advsrs Asset Mgmt Inc holds 19,655 shares. Amp Cap Limited holds 0.03% of its portfolio in Alliant Energy Corporation (NYSE:LNT) for 136,917 shares. First State Bank Sioux Falls accumulated 5,626 shares. Legg Mason Asset Mgmt (Japan) Limited has 0.22% invested in Alliant Energy Corporation (NYSE:LNT) for 6,700 shares. Sva Plumb Wealth Lc, Wisconsin-based fund reported 10,893 shares. Legacy Partners holds 0.23% or 10,360 shares in its portfolio. Clearbridge Invs Ltd Company owns 0% invested in Alliant Energy Corporation (NYSE:LNT) for 800 shares.

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