UMB Bank n.a. Lowers Stock Holdings in Alliant Energy Corporation $LNT

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. lessened its position in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 22.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,698 shares of the company's stock after selling 3,913 shares during the quarter. UMB Bank n.a.'s holdings in Alliant Energy were worth $828,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of LNT. Millennium Management LLC acquired a new stake in shares of Alliant Energy in the fourth quarter valued at $3,987,000. Tidal Investments LLC grew its stake in shares of Alliant Energy by 14.1% during the fourth quarter. Tidal Investments LLC now owns 5,023 shares of the company's stock worth $297,000 after purchasing an additional 622 shares during the period. Two Sigma Investments LP acquired a new position in Alliant Energy in the fourth quarter valued at about $938,000. Woodline Partners LP bought a new position in Alliant Energy during the 4th quarter worth approximately $911,000. Finally, Waverly Advisors LLC grew its holdings in shares of Alliant Energy by 31.8% in the 4th quarter. Waverly Advisors LLC now owns 6,108 shares of the company's stock valued at $361,000 after buying an additional 1,473 shares during the period. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Alliant Energy Stock Up 0.1%

NASDAQ LNT traded up $0.05 during trading hours on Monday, reaching $64.22. 1,340,384 shares of the company's stock traded hands, compared to its average volume of 1,563,559. The firm has a market cap of $16.50 billion, a PE ratio of 19.82, a PEG ratio of 3.02 and a beta of 0.54. The firm has a 50-day simple moving average of $64.86 and a 200 day simple moving average of $62.70. Alliant Energy Corporation has a 52-week low of $56.08 and a 52-week high of $67.11. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.57 and a quick ratio of 0.46.

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

Alliant Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were paid a dividend of $0.5075 per share. The ex-dividend date was Thursday, July 31st. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.2%. Alliant Energy's dividend payout ratio (DPR) is presently 62.65%.

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.