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

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Alliant Energy Corporation (NASDAQ:LNT) by 19.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,413 shares of the company’s stock after buying an additional 8,959 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Alliant Energy were worth $3,566,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LNT. Horizon Investments LLC boosted its stake in Alliant Energy by 4.9% during the 1st quarter. Horizon Investments LLC now owns 3,682 shares of the company’s stock valued at $235,000 after purchasing an additional 172 shares in the last quarter. Financial Advisors Network Inc. boosted its stake in Alliant Energy by 4.1% during the 1st quarter. Financial Advisors Network Inc. now owns 4,737 shares of the company’s stock valued at $305,000 after purchasing an additional 188 shares in the last quarter. Leavell Investment Management Inc. boosted its stake in Alliant Energy by 3.4% during the 1st quarter. Leavell Investment Management Inc. now owns 6,061 shares of the company’s stock valued at $390,000 after purchasing an additional 200 shares in the last quarter. Moss Adams Wealth Advisors LLC boosted its stake in Alliant Energy by 5.9% during the 1st quarter. Moss Adams Wealth Advisors LLC now owns 3,629 shares of the company’s stock valued at $234,000 after purchasing an additional 201 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in Alliant Energy by 28.9% during the 1st quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock valued at $60,000 after purchasing an additional 209 shares in the last quarter. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Price Performance

NASDAQ LNT opened at $64.86 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.57 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $16.67 billion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 3.05 and a beta of 0.54. The company has a 50 day moving average price of $64.62 and a two-hundred day moving average price of $62.71. Alliant Energy Corporation has a 12-month low of $56.08 and a 12-month high of $67.11.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.62 by $0.06. Alliant Energy had a return on equity of 12.25% and a net margin of 20.07%.The company had revenue of $961.00 million for the quarter, compared to the consensus estimate of $977.15 million. During the same quarter last year, the company posted $0.57 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. As a group, equities analysts predict that Alliant Energy Corporation will post 3.23 earnings per share 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 issued a dividend of $0.5075 per share. This represents a $2.03 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Thursday, July 31st. Alliant Energy’s dividend payout ratio (DPR) is presently 62.65%.

Analyst Ratings Changes

A number of brokerages have issued reports on LNT. Wolfe Research raised Alliant Energy from a “peer perform” rating to an “outperform” rating and set a $68.00 price target for the company in a research note on Monday, July 7th. UBS Group reaffirmed 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. Jefferies Financial Group set a $71.00 price target on Alliant Energy and gave the company a “buy” rating in a report on Tuesday, May 20th. BMO Capital Markets reaffirmed 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. Finally, Bank of America upped their price target on Alliant Energy from $68.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, August 14th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $65.50.

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.