MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $2.75 Million Holdings in Alliant Energy Co. (NASDAQ:LNT)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) by 86.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,454 shares of the company's stock after acquiring an additional 21,533 shares during the period. 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.

Other hedge funds have also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. boosted 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 acquiring an additional 4,141,895 shares in the last quarter. Jennison Associates LLC bought a new stake in Alliant Energy during the fourth quarter worth $32,225,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Alliant Energy in the 4th quarter valued at $31,201,000. 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. Finally, Balyasny Asset Management L.P. bought a new position in shares of Alliant Energy in the 4th quarter valued at $24,396,000. Institutional investors own 79.90% of the company's stock.

Alliant Energy Trading Up 0.8%

Shares of Alliant Energy stock traded up $0.51 during trading on Monday, hitting $61.72. The company's stock had a trading volume of 1,161,411 shares, compared to its average volume of 1,690,145. The stock has a market cap of $15.85 billion, a price-to-earnings ratio of 22.94, a price-to-earnings-growth ratio of 2.83 and a beta of 0.58. Alliant Energy Co. has a 52 week low of $49.05 and a 52 week high of $66.54. The stock has a 50-day moving average price of $61.57 and a two-hundred day moving average price of $61.08. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72.

Alliant Energy (NASDAQ:LNT - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.12. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the company posted $0.62 EPS. The business's revenue was up 9.4% on a year-over-year basis. Equities research analysts anticipate that Alliant Energy Co. will post 3.23 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were issued a $0.5075 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $2.03 annualized dividend and a yield of 3.29%. Alliant Energy's payout ratio is 70.00%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on LNT shares. Jefferies Financial Group set a $71.00 target price on Alliant Energy and gave the company a "buy" rating in a research report on Tuesday, May 20th. BMO Capital Markets decreased their price target on shares of Alliant Energy from $66.00 to $64.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. Barclays cut shares of Alliant Energy from an "equal weight" rating to an "underweight" rating and upped their price objective for the stock from $59.00 to $61.00 in a research report on Tuesday, April 22nd. UBS Group raised their target price on shares of Alliant Energy from $65.00 to $68.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Finally, Wall Street Zen upgraded shares of Alliant Energy from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price 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.