Aster Capital Management DIFC Ltd Makes New $300,000 Investment in Alliant Energy Co. (NASDAQ:LNT)

Aster Capital Management DIFC Ltd purchased 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 & Exchange Commission. The institutional investor purchased 5,069 shares of the company's stock, valued at approximately $300,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Alliant Energy by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 32,663,708 shares of the company's stock worth $1,931,732,000 after buying an additional 226,275 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of 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 valued at $414,724,000 after purchasing an additional 499,802 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Alliant Energy by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 6,695,767 shares of the company's stock valued at $395,017,000 after purchasing an additional 102,601 shares during the last quarter. Pictet Asset Management Holding SA raised its holdings in shares of 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 valued at $241,094,000 after purchasing an additional 72,748 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Alliant Energy by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,252,913 shares of the company's stock valued at $133,237,000 after buying an additional 36,438 shares during the last quarter. Hedge funds and other institutional investors own 79.90% of the company's stock.

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Alliant Energy Stock Performance

LNT traded up $0.38 on Friday, hitting $60.59. 1,527,861 shares of the company traded hands, compared to its average volume of 1,592,464. Alliant Energy Co. has a 12-month low of $47.23 and a 12-month high of $66.54. The company has a 50 day moving average of $62.26 and a 200-day moving average of $60.81. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $15.56 billion, a PE ratio of 22.52, a PEG ratio of 2.83 and a beta of 0.52.

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

Alliant Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be given a $0.5075 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $2.03 dividend on an annualized basis and a yield of 3.35%. Alliant Energy's payout ratio is currently 75.46%.

Wall Street Analyst Weigh In

LNT has been the topic of a number of recent analyst reports. BMO Capital Markets increased their target price on shares of Alliant Energy from $60.00 to $66.00 and gave the company a "market perform" rating in a research report on Monday, February 24th. UBS Group raised their price objective on Alliant Energy from $65.00 to $68.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Finally, Guggenheim reiterated a "neutral" rating and set a $57.00 target price on shares of Alliant Energy in a research report on Monday, February 24th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently 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.