UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Reduces Stock Position in Alliant Energy Corporation $LNT

Key Points

• UBS AM significantly reduced its stake in Alliant Energy by 56.0%, leaving it with 1,741,580 shares worth approximately $112 million, according to a recent SEC filing.
• Alliant Energy reported earnings of $0.68 per share for the last quarter, exceeding estimates, while its revenue grew by 7.5% year-on-year to $961 million.
• The company declared a quarterly dividend of $0.5075 per share, yielding approximately 3.1%, with a payout ratio of 62.65% as of the most recent announcement.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC decreased its holdings in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 56.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,741,580 shares of the company's stock after selling 2,221,053 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.68% of Alliant Energy worth $112,071,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hughes Financial Services LLC purchased a new position in shares of Alliant Energy during the 1st quarter worth approximately $27,000. Alpine Bank Wealth Management purchased a new stake in Alliant Energy during the 1st quarter valued at $29,000. TD Private Client Wealth LLC purchased a new stake in Alliant Energy during the 1st quarter valued at $34,000. First Command Advisory Services Inc. purchased a new stake in Alliant Energy during the 1st quarter valued at $34,000. Finally, Tsfg LLC purchased a new stake in Alliant Energy during the 1st quarter valued at $34,000. Hedge funds and other institutional investors own 79.90% of the company's stock.

Alliant Energy Stock Performance

NASDAQ LNT traded down $0.13 during trading hours on Monday, hitting $64.73. 862,142 shares of the stock were exchanged, compared to its average volume of 1,751,051. The company has a market cap of $16.63 billion, a price-to-earnings ratio of 19.98, a price-to-earnings-growth ratio of 3.05 and a beta of 0.54. Alliant Energy Corporation has a 12-month low of $56.08 and a 12-month high of $67.11. The stock has a 50-day moving average of $64.67 and a 200 day moving average of $62.69. The company has a quick ratio of 0.46, a current ratio of 0.57 and a debt-to-equity ratio of 1.35.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its quarterly earnings results 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 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 for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.57 earnings per share. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. As a group, equities research analysts forecast that Alliant Energy Corporation will post 3.23 earnings per share for the current year.

Alliant Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were issued a $0.5075 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $2.03 dividend on an annualized basis and a yield of 3.1%. Alliant Energy's dividend payout ratio (DPR) is 62.65%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on LNT shares. UBS Group reaffirmed a "neutral" rating and issued a $67.00 target price (up from $65.00) on shares of Alliant Energy in a report on Friday, July 11th. Bank of America boosted their target price on Alliant Energy from $68.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, August 14th. Wolfe Research raised shares of 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. BMO Capital Markets reissued a "market perform" rating and issued a $68.00 price objective (up previously from $66.00) on shares of Alliant Energy in a research note on Monday, August 11th. Finally, Jefferies Financial Group set a $71.00 price target on Alliant Energy and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $65.50.

Alliant Energy 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.