Hudson Bay Capital Management LP Buys Shares of 335,689 Alliant Energy Co. (NASDAQ:LNT)

Hudson Bay Capital Management LP purchased a new position in Alliant Energy Co. (NASDAQ:LNT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 335,689 shares of the company's stock, valued at approximately $19,853,000. Hudson Bay Capital Management LP owned 0.13% of Alliant Energy as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its stake in shares of 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. ORG Partners LLC increased 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 last quarter. Czech National Bank boosted its holdings in shares of Alliant Energy by 6.5% in the fourth quarter. Czech National Bank now owns 55,636 shares of the company's stock worth $3,290,000 after buying an additional 3,385 shares during the last quarter. City State Bank grew its position in Alliant Energy by 0.4% during the fourth quarter. City State Bank now owns 71,547 shares of the company's stock valued at $4,231,000 after buying an additional 257 shares during the period. Finally, Capital Investment Advisors LLC increased its holdings in Alliant Energy by 18.5% during the fourth quarter. Capital Investment Advisors LLC now owns 6,036 shares of the company's stock valued at $357,000 after buying an additional 941 shares during the last quarter. 79.90% of the stock is owned by hedge funds and other institutional investors.

Alliant Energy Price Performance

NASDAQ:LNT opened at $61.78 on Friday. The company has a market capitalization of $15.87 billion, a P/E ratio of 22.97, a P/E/G ratio of 2.83 and a beta of 0.58. The business's 50-day moving average is $61.85 and its 200 day moving average is $60.86. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33. Alliant Energy Co. has a 12 month low of $49.05 and a 12 month high of $66.54.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.12. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the company earned $0.62 EPS. The company's quarterly revenue was up 9.4% compared to the same quarter last year. On average, equities research analysts forecast that Alliant Energy Co. will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be issued a $0.5075 dividend. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend is Wednesday, April 30th. Alliant Energy's payout ratio is 70.00%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Guggenheim restated a "neutral" rating and issued a $57.00 price objective on shares of Alliant Energy in a research note on Monday, February 24th. UBS Group boosted their price objective on Alliant Energy from $65.00 to $68.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. BMO Capital Markets decreased 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 research note on Tuesday, April 22nd. Finally, Barclays cut shares of Alliant Energy from an "equal weight" rating to an "underweight" rating and increased their price objective for the stock from $59.00 to $61.00 in a research note on Tuesday, April 22nd. One 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. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus 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.

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