Three Seasons Wealth LLC Buys Shares of 9,562 Alliant Energy Co. (NASDAQ:LNT)

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

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Two Sigma Securities LLC bought a new position in Alliant Energy in the fourth quarter worth $292,000. Kovitz Investment Group Partners LLC purchased a new stake in shares of Alliant Energy during the fourth quarter valued at $223,000. Integrated Wealth Concepts LLC boosted its position in shares of Alliant Energy by 5.0% during the fourth quarter. Integrated Wealth Concepts LLC now owns 4,428 shares of the company's stock valued at $262,000 after buying an additional 211 shares during the last quarter. Adage Capital Partners GP L.L.C. purchased a new stake in shares of Alliant Energy during the fourth quarter valued at $14,176,000. Finally, Fuller & Thaler Asset Management Inc. boosted its position in Alliant Energy by 7.6% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 51,824 shares of the company's stock worth $3,065,000 after purchasing an additional 3,640 shares during the last quarter. Institutional investors own 79.90% of the company's stock.

Alliant Energy Trading Up 0.3 %

Shares of Alliant Energy stock traded up $0.16 during trading on Monday, hitting $60.90. The stock had a trading volume of 1,749,708 shares, compared to its average volume of 1,607,887. The stock has a market cap of $15.64 billion, a PE ratio of 22.64, a PEG ratio of 2.83 and a beta of 0.52. Alliant Energy Co. has a 12 month low of $49.05 and a 12 month high of $66.54. The firm's fifty day simple moving average is $62.34 and its 200-day simple moving average is $60.86. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted 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. The company had revenue of $976.00 million for the quarter, compared to the consensus estimate of $1.14 billion. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. As a group, sell-side analysts expect that Alliant Energy Co. will post 3.23 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The firm 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 dividend of $0.5075 per share. This represents a $2.03 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend is Wednesday, April 30th. Alliant Energy's dividend payout ratio (DPR) is 75.46%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Guggenheim reissued a "neutral" rating and issued a $57.00 target price on shares of Alliant Energy in a research report on Monday, February 24th. BMO Capital Markets cut their target price on shares of Alliant Energy from $66.00 to $64.00 and set a "market perform" rating for the company in a research note on Tuesday, April 22nd. Barclays cut shares of Alliant Energy from an "equal weight" rating to an "underweight" rating and raised their target price for the company from $59.00 to $61.00 in a research note on Tuesday, April 22nd. Finally, UBS Group increased their price objective on shares of Alliant Energy from $65.00 to $68.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price 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.