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

Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) by 37.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,690 shares of the company's stock after purchasing an additional 6,935 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Alliant Energy were worth $1,529,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Spirit of America Management Corp NY boosted its stake in Alliant Energy by 15.4% during the 4th quarter. Spirit of America Management Corp NY now owns 5,250 shares of the company's stock worth $310,000 after purchasing an additional 700 shares during the last quarter. Yousif Capital Management LLC raised its holdings in shares of Alliant Energy by 1.2% during the 4th quarter. Yousif Capital Management LLC now owns 50,770 shares of the company's stock worth $3,003,000 after acquiring an additional 588 shares during the period. Longboard Asset Management LP purchased a new position in shares of Alliant Energy during the 4th quarter worth $208,000. abrdn plc raised its holdings in shares of Alliant Energy by 7.6% during the 4th quarter. abrdn plc now owns 87,303 shares of the company's stock worth $5,144,000 after acquiring an additional 6,154 shares during the period. Finally, Jennison Associates LLC purchased a new position in shares of Alliant Energy during the 4th quarter worth $32,225,000. Institutional investors and hedge funds own 79.90% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Scotiabank lowered Alliant Energy from a "sector outperform" rating to a "sector perform" rating and lifted their price target for the stock from $64.00 to $67.00 in a report on Thursday, December 12th. BMO Capital Markets reduced their price objective on shares of Alliant Energy from $65.00 to $61.00 and set a "market perform" rating on the stock in a report on Monday, November 4th. Wells Fargo & Company reduced their price objective on shares of Alliant Energy from $66.00 to $65.00 and set an "overweight" rating on the stock in a report on Monday, November 4th. Finally, Barclays cut their price target on shares of Alliant Energy from $61.00 to $59.00 and set an "equal weight" rating on the stock in a research note on Wednesday, November 6th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Alliant Energy currently has an average rating of "Hold" and a consensus price target of $63.39.

Alliant Energy Trading Up 0.4 %

NASDAQ:LNT traded up $0.23 on Friday, reaching $61.33. 2,146,163 shares of the company's stock were exchanged, compared to its average volume of 1,461,065. Alliant Energy Co. has a 52-week low of $46.80 and a 52-week high of $64.19. The firm has a market capitalization of $15.74 billion, a price-to-earnings ratio of 23.77, a price-to-earnings-growth ratio of 2.73 and a beta of 0.60. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. The business has a fifty day moving average of $59.31 and a 200-day moving average of $59.42.

Alliant Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st will be given a dividend of $0.5075 per share. The ex-dividend date of this dividend is Friday, January 31st. This is an increase from Alliant Energy's previous quarterly dividend of $0.48. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.31%. Alliant Energy's payout ratio is currently 78.68%.

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.