UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 102,357 Shares of Alliant Energy Corporation $LNT

Key Points

• UBS Asset Management increased its Alliant Energy position by 8.6% in the second quarter, purchasing 102,357 shares and bringing its holdings to 1.29 million shares valued at approximately $98.3 million.
• Institutional investors own approximately 79.9% of Alliant Energy. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $77, although some firms recently lowered targets or downgraded the stock.
• Alliant Energy reported quarterly EPS of $0.65, exceeding the $0.58 consensus estimate, while revenue rose 1% year over year to $971 million. The company also paid a quarterly dividend of $0.535 per share, representing a 3.2% annualized yield.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 8.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,289,116 shares of the company's stock after acquiring an additional 102,357 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.50% of Alliant Energy worth $98,347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Janus Henderson Group PLC grew its holdings in shares of Alliant Energy by 1.2% in the first quarter. Janus Henderson Group PLC now owns 11,273,621 shares of the company's stock valued at $808,996,000 after purchasing an additional 138,683 shares in the last quarter. Jupiter Topco LLC purchased a new stake in Alliant Energy during the second quarter valued at $837,468,000. Price T Rowe Associates Inc. MD raised its stake in Alliant Energy by 799.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,393,496 shares of the company's stock valued at $545,662,000 after purchasing an additional 7,460,117 shares in the last quarter. Geode Capital Management LLC lifted its position in Alliant Energy by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 7,071,908 shares of the company's stock valued at $458,071,000 after purchasing an additional 128,998 shares during the last quarter. Finally, Cohen & Steers Inc. lifted its position in Alliant Energy by 41.7% during the fourth quarter. Cohen & Steers Inc. now owns 3,614,890 shares of the company's stock valued at $235,004,000 after purchasing an additional 1,063,268 shares during the last quarter. 79.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LNT has been the topic of a number of research reports. BMO Capital Markets reduced their target price on shares of Alliant Energy from $80.00 to $78.00 and set an "outperform" rating on the stock in a report on Monday, August 3rd. Wall Street Zen downgraded shares of Alliant Energy from a "hold" rating to a "sell" rating in a report on Sunday, August 9th. Mizuho dropped their price target on Alliant Energy from $76.00 to $75.00 and set a "neutral" rating for the company in a research report on Monday, August 3rd. Weiss Ratings cut Alliant Energy from a "buy (b+)" rating to a "buy (b)" rating in a research note on Tuesday, July 28th. Finally, TD Cowen started coverage on Alliant Energy in a research report on Tuesday, July 7th. They set a "hold" rating and a $83.00 price objective on the stock. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $77.00.

Alliant Energy Trading Down 0.1%

LNT stock opened at $67.92 on Wednesday. The company has a quick ratio of 0.35, a current ratio of 0.47 and a debt-to-equity ratio of 1.41. Alliant Energy Corporation has a twelve month low of $63.28 and a twelve month high of $78.81. The stock has a market capitalization of $17.61 billion, a price-to-earnings ratio of 21.49, a price-to-earnings-growth ratio of 2.52 and a beta of 0.54. The firm's fifty day simple moving average is $72.63 and its two-hundred day simple moving average is $72.24.

Alliant Energy (NASDAQ:LNT - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.07. Alliant Energy had a net margin of 18.45% and a return on equity of 11.16%. The firm had revenue of $971.00 million during the quarter, compared to analyst estimates of $896.94 million. During the same quarter last year, the business earned $0.68 EPS. The business's revenue was up 1.0% on a year-over-year basis. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, analysts anticipate that Alliant Energy Corporation will post 3.43 earnings per share for the current year.

Alliant Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 31st were paid a $0.535 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $2.14 annualized dividend and a yield of 3.2%. Alliant Energy's dividend payout ratio (DPR) is presently 67.72%.

Alliant Energy Company Profile

Alliant Energy Corporation NASDAQ: LNT is a publicly traded energy holding company headquartered in Madison, Wisconsin, that provides regulated electric and natural gas utility services in the American Midwest. The company serves customers primarily in Wisconsin and Iowa through its regulated utility subsidiaries and operates as an integrated provider responsible for generation, transmission and distribution of energy to residential, commercial and industrial customers.

Alliant Energy's core activities include operating and maintaining electric generation assets, managing the regional transmission and distribution network, and delivering natural gas service to its franchise territories.

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