Mirae Asset Global Investments Co. Ltd. Grows Holdings in Alliant Energy Corporation $LNT

Mirae Asset Global Investments Co. Ltd. boosted its holdings in Alliant Energy Corporation (NASDAQ:LNT) by 25.5% in the 4th quarter, Holdings Channel reports. The firm owned 43,872 shares of the company’s stock after purchasing an additional 8,908 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Alliant Energy were worth $2,852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and 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 in the third quarter valued at $27,000. MRP Capital Investments LLC acquired a new position in Alliant Energy in the third quarter valued at $35,000. Hantz Financial Services Inc. increased its stake in Alliant Energy by 256.7% in the third quarter. Hantz Financial Services Inc. now owns 560 shares of the company’s stock valued at $38,000 after purchasing an additional 403 shares during the period. Sentry Investment Management LLC acquired a new position in Alliant Energy in the third quarter valued at $44,000. Finally, MUFG Securities EMEA plc acquired a new position in Alliant Energy in the second quarter valued at $46,000. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Down 0.3%

LNT opened at $70.96 on Thursday. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.80 and a quick ratio of 0.66. The business has a 50 day simple moving average of $71.59 and a 200-day simple moving average of $68.49. The stock has a market capitalization of $18.33 billion, a P/E ratio of 22.53, a P/E/G ratio of 2.91 and a beta of 0.61. Alliant Energy Corporation has a 12 month low of $58.97 and a 12 month high of $74.40.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings results on Friday, February 20th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.58 by $0.02. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $673.11 million. Alliant Energy had a return on equity of 11.51% and a net margin of 18.57%.The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the firm earned $0.70 EPS. On average, equities analysts anticipate that Alliant Energy Corporation will post 3.42 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The firm also recently declared 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. This represents a $2.14 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Thursday, April 30th. Alliant Energy’s dividend payout ratio (DPR) is currently 67.94%.

Analyst Ratings Changes

A number of research firms have commented on LNT. BMO Capital Markets restated an “outperform” rating and issued a $79.00 price objective (up from $78.00) on shares of Alliant Energy in a research note on Friday, April 17th. Argus reiterated a “hold” rating on shares of Alliant Energy in a research note on Friday, January 9th. HSBC upgraded Alliant Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, January 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Alliant Energy in a research note on Monday, December 29th. Finally, Barclays set a $74.00 target price on Alliant Energy and gave the company an “equal weight” rating in a research note on Wednesday, April 15th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $76.44.

About Alliant Energy

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.