International Assets Investment Management LLC Invests $23.34 Million in Alliant Energy Co. (NASDAQ:LNT)

International Assets Investment Management LLC purchased a new stake in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 45,503 shares of the company's stock, valued at approximately $23,340,000.

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

Alliant Energy Price Performance

Shares of NASDAQ:LNT remained flat at $50.85 during trading hours on Friday. The company's stock had a trading volume of 2,143,657 shares, compared to its average volume of 1,648,468. The firm has a market cap of $13.02 billion, a price-to-earnings ratio of 18.49, a P/E/G ratio of 2.71 and a beta of 0.54. The firm has a 50-day simple moving average of $49.07 and a two-hundred day simple moving average of $49.56. Alliant Energy Co. has a fifty-two week low of $45.15 and a fifty-two week 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.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its quarterly earnings data on Friday, May 3rd. The company reported $0.62 earnings per share (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 company had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter in the previous year, the business earned $0.65 EPS. Alliant Energy's revenue was down 4.3% compared to the same quarter last year. As a group, equities analysts predict that Alliant Energy Co. will post 3.08 earnings per share for the current year.

Alliant Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.92 dividend on an annualized basis and a yield of 3.78%. Alliant Energy's payout ratio is 69.82%.

Insider Buying and Selling at Alliant Energy

In other news, CEO Lisa M. Barton purchased 1,100 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was purchased at an average price of $48.56 per share, for a total transaction of $53,416.00. Following the completion of the acquisition, the chief executive officer now owns 36,444 shares of the company's stock, valued at $1,769,720.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.31% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

LNT has been the subject of several research analyst reports. LADENBURG THALM/SH SH cut their target price on shares of Alliant Energy from $48.50 to $48.00 and set a "neutral" rating for the company in a research note on Monday, April 29th. Scotiabank dropped their price objective on shares of Alliant Energy from $57.00 to $53.00 and set a "sector outperform" rating for the company in a research note on Monday, April 22nd. BMO Capital Markets increased their price target on shares of Alliant Energy from $51.00 to $53.00 and gave the company a "market perform" rating in a report on Monday, April 15th. Finally, Bank of America reduced their price objective on Alliant Energy from $55.00 to $54.00 and set a "buy" rating on the stock in a research note on Thursday, April 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $50.71.

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.