Three Seasons Wealth LLC Makes New Investment in Alliant Energy Co. (NASDAQ:LNT)

Three Seasons Wealth LLC bought a new position in Alliant Energy Co. (NASDAQ:LNT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,562 shares of the company's stock, valued at approximately $565,000.

A number of other hedge funds have also recently modified their holdings of LNT. Vanguard Group Inc. increased its holdings in Alliant Energy by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 32,663,708 shares of the company's stock worth $1,931,732,000 after acquiring an additional 226,275 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Alliant Energy by 7.7% in 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 in the last quarter. Geode Capital Management LLC increased its holdings in Alliant Energy by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 6,695,767 shares of the company's stock worth $395,017,000 after acquiring an additional 102,601 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in Alliant Energy by 9,113.1% in 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 in the last quarter. Finally, Pictet Asset Management Holding SA increased its holdings in Alliant Energy by 1.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 4,076,660 shares of the company's stock worth $241,094,000 after acquiring an additional 72,748 shares in the last quarter. Hedge funds and other institutional investors own 79.90% of the company's stock.

Alliant Energy Trading Down 0.6 %

Shares of LNT stock traded down $0.39 on Wednesday, hitting $60.71. 431,808 shares of the stock traded hands, compared to its average volume of 1,601,914. The firm's 50-day moving average price is $62.32 and its two-hundred day moving average price is $60.88. 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 stock has a market capitalization of $15.59 billion, a PE ratio of 22.57, a PEG ratio of 2.83 and a beta of 0.52. Alliant Energy Co. has a twelve month low of $49.05 and a twelve month high of $66.54.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.02. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. The company had revenue of $976.00 million for the quarter, compared to analysts' expectations of $1.14 billion. As a group, analysts anticipate that Alliant Energy Co. will post 3.23 EPS for the current year.

Alliant Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be given a $0.5075 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $2.03 dividend on an annualized basis and a yield of 3.34%. Alliant Energy's payout ratio is currently 75.46%.

Analyst Ratings Changes

Several equities research analysts have issued reports on LNT shares. Barclays cut shares of Alliant Energy from an "equal weight" rating to an "underweight" rating and lifted their target price for the stock from $59.00 to $61.00 in a research note on Tuesday, April 22nd. Guggenheim reaffirmed a "neutral" rating and set a $57.00 target price on shares of Alliant Energy in a research note on Monday, February 24th. BMO Capital Markets lowered 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, UBS Group lifted their target price on shares of Alliant Energy from $65.00 to $68.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target 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.