Alliant Energy Corporation $LNT Holdings Decreased by UMB Bank n.a.

Key Points

• UMB Bank n.a. decreased its stake in Alliant Energy Corporation by 22.2%, selling 3,913 shares and holding 13,698 shares valued at $828,000 as per the latest SEC filing.
• Institutional investors hold 79.90% of Alliant Energy's stock, with significant investments from Vaughan Nelson Investment Management and Goldman Sachs Group, among others.
• The company paid a quarterly dividend of $0.5075, representing an annualized yield of 3.2%, with a dividend payout ratio of 62.65%.

UMB Bank n.a. reduced its stake in Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 22.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,698 shares of the company's stock after selling 3,913 shares during the period. UMB Bank n.a.'s holdings in Alliant Energy were worth $828,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Vaughan Nelson Investment Management L.P. bought a new position in Alliant Energy during the 1st quarter worth $82,496,000. GAMMA Investing LLC grew its stake in Alliant Energy by 6,869.6% during the 1st quarter. GAMMA Investing LLC now owns 1,114,027 shares of the company's stock worth $71,688,000 after buying an additional 1,098,043 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Alliant Energy by 98.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,084,562 shares of the company's stock worth $69,792,000 after buying an additional 538,603 shares during the last quarter. Carnegie Investment Counsel bought a new position in Alliant Energy during the 1st quarter worth $34,210,000. Finally, HITE Hedge Asset Management LLC bought a new position in Alliant Energy during the 1st quarter worth $19,141,000. 79.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

LNT has been the subject of a number of recent research reports. Wolfe Research upgraded Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 price objective for the company in a research note on Monday, July 7th. Bank of America boosted their price target on Alliant Energy from $68.00 to $70.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Wall Street Zen lowered Alliant Energy from a "hold" rating to a "sell" rating in a research report on Saturday. UBS Group reiterated a "neutral" rating and set a $67.00 price target (up previously from $65.00) on shares of Alliant Energy in a research report on Friday, July 11th. Finally, BMO Capital Markets reiterated a "market perform" rating and set a $68.00 price target (up previously from $66.00) on shares of Alliant Energy in a research report on Monday, August 11th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Alliant Energy currently has an average rating of "Hold" and an average price target of $65.50.

Alliant Energy Trading Up 0.6%

Shares of NASDAQ LNT opened at $64.17 on Monday. Alliant Energy Corporation has a 12 month low of $56.08 and a 12 month high of $67.11. The company has a market cap of $16.49 billion, a price-to-earnings ratio of 19.81, a P/E/G ratio of 3.02 and a beta of 0.54. 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 business has a fifty day simple moving average of $64.83 and a 200-day simple moving average of $62.69.

Alliant Energy (NASDAQ:LNT - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.06. The firm had revenue of $961.00 million during the quarter, compared to the consensus estimate of $977.15 million. Alliant Energy had a return on equity of 12.25% and a net margin of 20.07%.The business's revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.57 EPS. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. Sell-side analysts predict that Alliant Energy Corporation will post 3.23 EPS for the current year.

Alliant Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were paid a $0.5075 dividend. This represents a $2.03 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Thursday, July 31st. Alliant Energy's dividend payout ratio is currently 62.65%.

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.

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