Alliant Energy Corporation $LNT Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its position in shares of Alliant Energy Corporation (NASDAQ:LNT) by 25.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,872 shares of the company’s stock after acquiring an additional 8,908 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Alliant Energy were worth $2,852,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC acquired a new position in Alliant Energy during the 3rd quarter worth about $27,000. MRP Capital Investments LLC acquired a new position in Alliant Energy during the 3rd quarter worth about $35,000. Hantz Financial Services Inc. lifted its stake in Alliant Energy by 256.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 560 shares of the company’s stock worth $38,000 after acquiring an additional 403 shares in the last quarter. Sentry Investment Management LLC acquired a new position in Alliant Energy during the 3rd quarter worth about $44,000. Finally, Steigerwald Gordon & Koch Inc. acquired a new position in Alliant Energy during the 3rd quarter worth about $51,000. Institutional investors and hedge funds own 79.90% of the company’s stock.

Analyst Ratings Changes

LNT has been the topic of several research reports. BMO Capital Markets reissued an “outperform” rating and set a $79.00 target price (up from $78.00) on shares of Alliant Energy in a research note on Friday, April 17th. Wall Street Zen downgraded Alliant Energy from a “hold” rating to a “sell” rating in a report on Sunday, March 1st. Royal Bank Of Canada assumed coverage on Alliant Energy in a report on Wednesday, March 11th. They set an “outperform” rating and a $82.00 price target on the stock. HSBC upgraded Alliant Energy from a “hold” rating to a “buy” rating in a report on Wednesday, January 21st. Finally, Argus restated a “hold” rating on shares of Alliant Energy in a report on Friday, January 9th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Alliant Energy has a consensus rating of “Moderate Buy” and an average target price of $76.44.

Alliant Energy Trading Down 0.3%

LNT opened at $70.96 on Thursday. Alliant Energy Corporation has a one year low of $58.97 and a one year high of $74.40. The company has a market cap of $18.33 billion, a P/E ratio of 22.53, a PEG ratio of 2.91 and a beta of 0.61. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.66 and a current ratio of 0.80. The business’s 50-day simple moving average is $71.59 and its 200-day simple moving average is $68.49.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings data on Friday, February 20th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. Alliant Energy had a return on equity of 11.51% and a net margin of 18.57%.The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $673.11 million. During the same quarter in the prior year, the business posted $0.70 EPS. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. As a group, equities research analysts expect that Alliant Energy Corporation will post 3.42 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 30th will be issued a $0.535 dividend. The ex-dividend date is Thursday, April 30th. This represents a $2.14 dividend on an annualized basis and a dividend yield of 3.0%. Alliant Energy’s dividend payout ratio is presently 67.94%.

Alliant Energy Profile

Alliant Energy Corporation (NASDAQ: LNT) is a publicly traded energy holding company headquartered in Madison, Wisconsin, that provides regulated electric and natural gas utility services in the American Midwest. The company serves customers primarily in Wisconsin and Iowa through its regulated utility subsidiaries and operates as an integrated provider responsible for generation, transmission and distribution of energy to residential, commercial and industrial customers.

Alliant Energy’s core activities include operating and maintaining electric generation assets, managing the regional transmission and distribution network, and delivering natural gas service to its franchise territories.