Alliant Energy Co. (NASDAQ:LNT) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 39.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,755 shares of the company’s stock after acquiring an additional 5,284 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Alliant Energy were worth $1,139,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of LNT. Sigma Investment Counselors Inc. acquired a new stake in shares of Alliant Energy in the third quarter valued at approximately $217,000. Spirit of America Management Corp NY boosted its holdings in shares of Alliant Energy by 7.1% in the third quarter. Spirit of America Management Corp NY now owns 4,550 shares of the company’s stock valued at $276,000 after acquiring an additional 300 shares in the last quarter. Eagle Ridge Investment Management increased its stake in shares of Alliant Energy by 1.9% during the third quarter. Eagle Ridge Investment Management now owns 536,382 shares of the company’s stock valued at $32,553,000 after acquiring an additional 9,777 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Alliant Energy by 71.2% during the third quarter. Assenagon Asset Management S.A. now owns 6,956 shares of the company’s stock valued at $422,000 after acquiring an additional 2,894 shares during the period. Finally, Hennion & Walsh Asset Management Inc. increased its stake in shares of Alliant Energy by 2.8% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 26,862 shares of the company’s stock valued at $1,630,000 after acquiring an additional 724 shares during the period. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Trading Down 3.8 %

NASDAQ LNT opened at $57.74 on Friday. Alliant Energy Co. has a twelve month low of $46.80 and a twelve month high of $62.49. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.48 and a current ratio of 0.65. The stock has a market cap of $14.81 billion, a price-to-earnings ratio of 23.57, a PEG ratio of 2.84 and a beta of 0.58. The firm’s 50 day moving average price is $59.89 and its two-hundred day moving average price is $55.00.

Alliant Energy (NASDAQ:LNT) last issued its earnings results on Thursday, October 31st. The company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.04. Alliant Energy had a net margin of 15.77% and a return on equity of 10.23%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the business posted $1.05 EPS. The company’s revenue for the quarter was up .4% on a year-over-year basis. Equities analysts anticipate that Alliant Energy Co. will post 3.05 EPS for the current year.

Alliant Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend is Thursday, October 31st. Alliant Energy’s payout ratio is presently 78.37%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Bank of America raised their price objective on shares of Alliant Energy from $62.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Mizuho lifted their price target on shares of Alliant Energy from $52.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, October 4th. LADENBURG THALM/SH SH upgraded shares of Alliant Energy from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $50.00 to $62.50 in a research report on Tuesday, August 13th. Jefferies Financial Group initiated coverage on shares of Alliant Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $67.00 price target on the stock. Finally, BMO Capital Markets lifted their price target on shares of Alliant Energy from $58.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 6th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $63.28.

About Alliant Energy

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.