67,157 Shares in Alliant Energy Corporation $LNT Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Alliant Energy Corporation (NASDAQ:LNT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 67,157 shares of the company’s stock, valued at approximately $4,251,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Delta Global Management LP purchased a new position in Alliant Energy during the 1st quarter valued at about $2,512,000. The Manufacturers Life Insurance Company purchased a new stake in Alliant Energy in the second quarter worth about $47,562,000. National Pension Service boosted its position in Alliant Energy by 92.1% during the 2nd quarter. National Pension Service now owns 37,458 shares of the company’s stock valued at $2,858,000 after acquiring an additional 17,961 shares in the last quarter. Nykredit A S bought a new stake in Alliant Energy during the 2nd quarter valued at approximately $1,171,000. Finally, Hsbc Holdings PLC grew its holdings in shares of Alliant Energy by 13.7% during the 2nd quarter. Hsbc Holdings PLC now owns 457,996 shares of the company’s stock worth $34,998,000 after acquiring an additional 55,229 shares during the period. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Down 1.0%

Shares of LNT stock traded down $0.77 during trading hours on Friday, hitting $72.67. 3,384,138 shares of the company’s stock traded hands, compared to its average volume of 2,922,165. The stock’s fifty day simple moving average is $67.43 and its two-hundred day simple moving average is $70.63. Alliant Energy Corporation has a 12-month low of $62.54 and a 12-month high of $78.81. The stock has a market cap of $18.85 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 3.08 and a beta of 0.51. The company has a quick ratio of 0.35, a current ratio of 0.51 and a debt-to-equity ratio of 1.42.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings results on Thursday, October 29th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.21. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.26 billion. Alliant Energy had a return on equity of 12.43% and a net margin of 20.74%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.12 EPS. On average, analysts expect that Alliant Energy Corporation will post 3.43 EPS for the current year.

Alliant Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 30th will be issued a $0.5350 dividend. This represents a $2.14 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, October 30th. Alliant Energy’s payout ratio is 59.61%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of Alliant Energy in a research note on Monday, October 26th. Wall Street Zen cut Alliant Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 31st. Wells Fargo & Company upped their price target on Alliant Energy from $81.00 to $82.00 and gave the stock an “overweight” rating in a research note on Monday, November 2nd. HSBC initiated coverage on Alliant Energy in a report on Thursday, October 22nd. They issued a “hold” rating and a $69.50 price objective for the company. Finally, Royal Bank Of Canada set a $75.00 price objective on Alliant Energy in a research report on Wednesday, October 14th. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $75.23.

Alliant Energy Profile

Alliant Energy Corporation is a public utility holding company headquartered in Madison, Wisconsin. Through its regulated utility subsidiaries, Interstate Power and Light Company and Wisconsin Power and Light Company, the company provides electric and natural gas service to residential, commercial, and industrial customers in Iowa and Wisconsin.

Alliant Energy’s operations include the generation, transmission, distribution, and sale of electricity, as well as the distribution and sale of natural gas.