MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 21,533 Shares of Alliant Energy Co. (NASDAQ:LNT)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Alliant Energy Co. (NASDAQ:LNT) by 86.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,454 shares of the company’s stock after acquiring an additional 21,533 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Alliant Energy were worth $2,747,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in LNT. Vanguard Group Inc. boosted its position in shares of Alliant Energy by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 32,663,708 shares of the company’s stock valued at $1,931,732,000 after acquiring an additional 226,275 shares during the period. Janus Henderson Group PLC raised its position in shares of Alliant Energy by 0.7% in the 4th quarter. Janus Henderson Group PLC now owns 10,768,159 shares of the company’s stock valued at $636,829,000 after buying an additional 76,987 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings 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 in the last quarter. Geode Capital Management LLC lifted its position in shares of Alliant Energy by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 6,695,767 shares of the company’s stock worth $395,017,000 after buying an additional 102,601 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its position in shares of Alliant Energy by 9,113.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,187,345 shares of the company’s stock worth $247,640,000 after buying an additional 4,141,895 shares during the last quarter. Institutional investors own 79.90% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on LNT shares. 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 research note on Tuesday, April 22nd. Jefferies Financial Group raised shares of Alliant Energy from a “hold” rating to a “buy” rating and increased their price objective for the company from $70.00 to $71.00 in a research note on Tuesday. Guggenheim reaffirmed a “neutral” rating and set a $57.00 target price on shares of Alliant Energy in a research note on Monday, February 24th. UBS Group increased their price target on Alliant Energy from $65.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Finally, StockNews.com upgraded Alliant Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $63.95.

Alliant Energy Stock Up 0.1%

Shares of NASDAQ:LNT opened at $63.16 on Wednesday. The firm has a market cap of $16.22 billion, a P/E ratio of 23.48, a P/E/G ratio of 2.83 and a beta of 0.58. Alliant Energy Co. has a 12-month low of $49.05 and a 12-month high of $66.54. The business has a fifty day simple moving average of $61.70 and a 200 day simple moving average of $60.93. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.12. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.09 billion. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company earned $0.62 earnings per share. Analysts predict 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 was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were paid a $0.5075 dividend. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date was Wednesday, April 30th. Alliant Energy’s dividend payout ratio is currently 70.00%.

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.