335,689 Shares in Alliant Energy Co. (NASDAQ:LNT) Purchased by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP acquired a new position in Alliant Energy Co. (NASDAQ:LNT) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 335,689 shares of the company’s stock, valued at approximately $19,853,000.

Other institutional investors have also added to or reduced their stakes in the company. RDA Financial Network increased its position in shares of Alliant Energy by 2.4% during the fourth quarter. RDA Financial Network now owns 7,990 shares of the company’s stock worth $473,000 after acquiring an additional 184 shares during the period. Global Retirement Partners LLC increased its holdings in Alliant Energy by 8.2% during the 4th quarter. Global Retirement Partners LLC now owns 2,509 shares of the company’s stock worth $148,000 after purchasing an additional 191 shares during the period. Utah Retirement Systems raised its position in Alliant Energy by 0.5% during the 4th quarter. Utah Retirement Systems now owns 42,394 shares of the company’s stock valued at $2,507,000 after purchasing an additional 200 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of Alliant Energy by 5.0% in the 4th quarter. Integrated Wealth Concepts LLC now owns 4,428 shares of the company’s stock worth $262,000 after buying an additional 211 shares during the period. Finally, Savant Capital LLC grew its position in shares of Alliant Energy by 1.5% during the 4th quarter. Savant Capital LLC now owns 15,937 shares of the company’s stock worth $942,000 after buying an additional 237 shares in the last quarter. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Trading Up 1.1 %

Alliant Energy stock opened at $61.78 on Friday. 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 cap of $15.87 billion, a PE ratio of 22.97, a price-to-earnings-growth ratio of 2.83 and a beta of 0.58. The stock has a 50-day moving average of $61.85 and a two-hundred day moving average of $60.86. Alliant Energy Co. has a one year low of $49.05 and a one year high of $66.54.

Alliant Energy (NASDAQ:LNT) last released its earnings results on Thursday, May 8th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.12. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.09 billion. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. Alliant Energy’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.62 EPS. On average, research analysts anticipate that Alliant Energy Co. will post 3.23 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders 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 dividend payout ratio is presently 70.00%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. UBS Group upped their price objective 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. Guggenheim reaffirmed a “neutral” rating and issued a $57.00 price target on shares of Alliant Energy in a research report on Monday, February 24th. Barclays lowered shares of Alliant Energy from an “equal weight” rating to an “underweight” rating and lifted their price objective for the company from $59.00 to $61.00 in a report on Tuesday, April 22nd. Finally, BMO Capital Markets lowered their target price on Alliant Energy from $66.00 to $64.00 and set a “market perform” rating for the company in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $63.55.

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.