Mirae Asset Global Investments Co. Ltd. Has $1.87 Million Position in Alliant Energy Corporation (NASDAQ:LNT)

Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Alliant Energy Corporation (NASDAQ:LNT) by 14.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,471 shares of the company’s stock after acquiring an additional 3,781 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Alliant Energy were worth $1,874,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in Alliant Energy during the fourth quarter worth $29,000. Alpine Bank Wealth Management acquired a new stake in Alliant Energy in the 1st quarter valued at $29,000. Larson Financial Group LLC boosted its stake in Alliant Energy by 67.5% in the 4th quarter. Larson Financial Group LLC now owns 722 shares of the company’s stock valued at $43,000 after buying an additional 291 shares in the last quarter. Optiver Holding B.V. boosted its stake in Alliant Energy by 382.5% in the 4th quarter. Optiver Holding B.V. now owns 912 shares of the company’s stock valued at $54,000 after buying an additional 723 shares in the last quarter. Finally, TD Waterhouse Canada Inc. boosted its stake in Alliant Energy by 212.9% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,092 shares of the company’s stock valued at $65,000 after buying an additional 743 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Trading Up 1.5%

NASDAQ LNT opened at $61.68 on Friday. The stock has a 50-day simple moving average of $61.14 and a 200 day simple moving average of $60.96. The company has a market capitalization of $15.84 billion, a PE ratio of 21.27, a P/E/G ratio of 2.87 and a beta of 0.56. The company has a current ratio of 0.34, a quick ratio of 0.24 and a debt-to-equity ratio of 1.21. Alliant Energy Corporation has a 12 month low of $50.76 and a 12 month high of $66.54.

Alliant Energy (NASDAQ:LNT) last posted its earnings results on Thursday, May 8th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.12. Alliant Energy had a return on equity of 12.01% and a net margin of 18.26%. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the firm earned $0.62 earnings per share. The company’s revenue was up 9.4% on a year-over-year basis. Research analysts forecast that Alliant Energy Corporation will post 3.23 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Jefferies Financial Group set a $71.00 price target on Alliant Energy and gave the company a “buy” rating in a research note on Tuesday, May 20th. Barclays downgraded Alliant Energy from an “equal weight” rating to an “underweight” rating and lifted their price objective for the company from $59.00 to $61.00 in a research report on Tuesday, April 22nd. UBS Group lifted their price objective on Alliant Energy from $65.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Wall Street Zen upgraded Alliant Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 15th. Finally, BMO Capital Markets cut their price objective on Alliant Energy from $66.00 to $64.00 and set a “market perform” rating for the company in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Alliant Energy has an average rating of “Hold” and an average price target of $63.95.

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.