International Assets Investment Management LLC Buys New Shares in Alliant Energy Co. (NASDAQ:LNT)

International Assets Investment Management LLC bought a new position in shares of Alliant Energy Co. (NASDAQ:LNT) in the fourth quarter, Holdings Channel reports. The fund bought 45,503 shares of the company’s stock, valued at approximately $23,340,000.

Several other hedge funds have also recently added to or reduced their stakes in LNT. Centennial Wealth Advisory LLC boosted its stake in shares of Alliant Energy by 3.7% during the 4th quarter. Centennial Wealth Advisory LLC now owns 5,896 shares of the company’s stock worth $302,000 after acquiring an additional 210 shares in the last quarter. IFM Investors Pty Ltd increased its stake in Alliant Energy by 0.3% in the 4th quarter. IFM Investors Pty Ltd now owns 79,165 shares of the company’s stock worth $4,061,000 after purchasing an additional 233 shares in the last quarter. Lincoln National Corp raised its holdings in Alliant Energy by 5.0% during the 3rd quarter. Lincoln National Corp now owns 5,025 shares of the company’s stock worth $243,000 after buying an additional 238 shares during the period. Ieq Capital LLC lifted its stake in Alliant Energy by 2.3% during the third quarter. Ieq Capital LLC now owns 10,573 shares of the company’s stock valued at $512,000 after buying an additional 241 shares in the last quarter. Finally, Stratos Wealth Partners LTD. boosted its holdings in shares of Alliant Energy by 6.5% in the fourth quarter. Stratos Wealth Partners LTD. now owns 4,643 shares of the company’s stock worth $238,000 after buying an additional 285 shares during the period. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Stock Performance

Alliant Energy stock opened at $50.85 on Friday. Alliant Energy Co. has a 12 month low of $45.15 and a 12 month high of $56.26. The company has a quick ratio of 0.40, a current ratio of 0.55 and a debt-to-equity ratio of 1.21. The stock has a market cap of $13.02 billion, a P/E ratio of 18.49, a P/E/G ratio of 2.71 and a beta of 0.54. The company’s fifty day simple moving average is $49.07 and its 200-day simple moving average is $49.57.

Alliant Energy (NASDAQ:LNT) last issued its earnings results on Friday, May 3rd. The company reported $0.62 EPS for the quarter, meeting analysts’ consensus estimates of $0.62. Alliant Energy had a return on equity of 10.64% and a net margin of 17.53%. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Alliant Energy Co. will post 3.08 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date is Monday, April 29th. Alliant Energy’s dividend payout ratio (DPR) is presently 69.82%.

Insiders Place Their Bets

In related news, CEO Lisa M. Barton bought 1,100 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were bought at an average cost of $48.56 per share, for a total transaction of $53,416.00. Following the completion of the acquisition, the chief executive officer now directly owns 36,444 shares in the company, valued at $1,769,720.64. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on LNT shares. LADENBURG THALM/SH SH reduced their price target on shares of Alliant Energy from $48.50 to $48.00 and set a “neutral” rating for the company in a research report on Monday, April 29th. BMO Capital Markets boosted their target price on shares of Alliant Energy from $51.00 to $53.00 and gave the company a “market perform” rating in a research note on Monday, April 15th. Bank of America decreased their target price on Alliant Energy from $55.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. Finally, Scotiabank dropped their price target on Alliant Energy from $57.00 to $53.00 and set a “sector outperform” rating on the stock in a research report on Monday, April 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $50.71.

About Alliant Energy

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.