Balyasny Asset Management L.P. Invests $24.40 Million in Alliant Energy Co. (NASDAQ:LNT)

Balyasny Asset Management L.P. acquired a new position in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 412,521 shares of the company's stock, valued at approximately $24,396,000. Balyasny Asset Management L.P. owned about 0.16% of Alliant Energy at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of LNT. T. Rowe Price Investment Management Inc. boosted its stake in Alliant Energy by 9,113.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,187,345 shares of the company's stock worth $247,640,000 after acquiring an additional 4,141,895 shares during the last quarter. Jennison Associates LLC bought a new position in Alliant Energy during the 4th quarter worth approximately $32,225,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in Alliant Energy during the 4th quarter worth approximately $31,201,000. Massachusetts Financial Services Co. MA boosted its stake in Alliant Energy by 7.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,012,572 shares of the company's stock worth $414,724,000 after acquiring an additional 499,802 shares during the last quarter. Finally, National Pension Service bought a new position in Alliant Energy during the 4th quarter worth approximately $22,531,000. Institutional investors own 79.90% of the company's stock.

Alliant Energy Trading Down 3.8%

Shares of LNT stock traded down $2.37 during trading hours on Monday, hitting $59.39. 907,432 shares of the company were exchanged, compared to its average volume of 1,615,291. The company has a 50 day simple moving average of $61.85 and a two-hundred day simple moving average of $60.85. Alliant Energy Co. has a fifty-two week low of $49.05 and a fifty-two week high of $66.54. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86. The firm has a market cap of $15.26 billion, a P/E ratio of 22.10, a P/E/G ratio of 2.83 and a beta of 0.58.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.12. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the firm posted $0.62 EPS. Alliant Energy's revenue was up 9.4% compared to the same quarter last year. Equities analysts anticipate that Alliant Energy Co. will post 3.23 EPS 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 paid a dividend of $0.5075 per share. This represents a $2.03 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend is Wednesday, April 30th. Alliant Energy's dividend payout ratio (DPR) is presently 70.00%.

Analyst Upgrades and Downgrades

Several analysts have commented on LNT shares. BMO Capital Markets dropped their target price on shares of Alliant Energy from $66.00 to $64.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. UBS Group lifted their price objective 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. Barclays cut shares of Alliant Energy from an "equal weight" rating to an "underweight" rating and increased their price target for the company from $59.00 to $61.00 in a research note on Tuesday, April 22nd. Finally, 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $63.55.

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.