Alliant Energy Corporation $LNT Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Alliant Energy Corporation by 19.3%, owning 55,413 shares valued at approximately $3.57 million after acquiring an additional 8,959 shares in the first quarter.
• Alliant Energy recently reported quarterly earnings of $0.68 per share, surpassing expectations, and its revenue increased by 7.5% year-over-year to $961 million.
• The company announced a quarterly dividend of $0.5075 per share, reflecting a dividend yield of 3.1% and a payout ratio of 62.65%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 19.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,413 shares of the company's stock after acquiring an additional 8,959 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Alliant Energy were worth $3,566,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Hughes Financial Services LLC acquired a new position in shares of Alliant Energy during the first quarter valued at about $27,000. Alpine Bank Wealth Management acquired a new position in shares of Alliant Energy during the first quarter valued at about $29,000. Tsfg LLC acquired a new position in shares of Alliant Energy during the first quarter valued at about $34,000. TD Private Client Wealth LLC acquired a new position in shares of Alliant Energy during the first quarter valued at about $34,000. Finally, First Command Advisory Services Inc. acquired a new position in shares of Alliant Energy during the first quarter valued at about $34,000. Institutional investors and hedge funds own 79.90% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Wolfe Research upgraded shares of Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 price objective on the stock in a report on Monday, July 7th. BMO Capital Markets reiterated a "market perform" rating and issued a $68.00 price target (up previously from $66.00) on shares of Alliant Energy in a report on Monday, August 11th. UBS Group reiterated a "neutral" rating and issued a $67.00 price target (up previously from $65.00) on shares of Alliant Energy in a report on Friday, July 11th. Finally, Bank of America increased their price target on shares of Alliant Energy from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $65.50.

Alliant Energy Stock Performance

Shares of NASDAQ LNT traded down $0.08 during midday trading on Thursday, reaching $63.78. 1,143,355 shares of the stock were exchanged, compared to its average volume of 1,587,917. The firm has a market cap of $16.39 billion, a price-to-earnings ratio of 19.69, a PEG ratio of 3.01 and a beta of 0.54. Alliant Energy Corporation has a twelve month low of $56.08 and a twelve month high of $67.11. The firm has a 50-day simple moving average of $64.79 and a two-hundred day simple moving average of $62.69. The company has a quick ratio of 0.46, a current ratio of 0.57 and a debt-to-equity ratio of 1.35.

Alliant Energy (NASDAQ:LNT - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.68 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.06. The business had revenue of $961.00 million for the quarter, compared to analysts' expectations of $977.15 million. Alliant Energy had a net margin of 20.07% and a return on equity of 12.25%. The business's revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the company earned $0.57 EPS. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. As a group, analysts anticipate that Alliant Energy Corporation will post 3.23 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were paid a dividend of $0.5075 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.2%. Alliant Energy's dividend payout ratio (DPR) is presently 62.65%.

Alliant Energy 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.