UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Cuts Stock Holdings 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 stake in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 56.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 about 0.68% of Alliant Energy worth $112,071,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Alliant Energy by 0.5% during the first quarter. Vanguard Group Inc. now owns 32,822,215 shares of the company's stock valued at $2,112,110,000 after buying an additional 158,507 shares during the last quarter. Northern Trust Corp increased its holdings in Alliant Energy by 1.3% during the first quarter. Northern Trust Corp now owns 2,443,014 shares of the company's stock valued at $157,208,000 after buying an additional 30,608 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Alliant Energy by 0.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,270,594 shares of the company's stock valued at $146,113,000 after buying an additional 17,681 shares during the last quarter. Johnson Investment Counsel Inc. increased its holdings in Alliant Energy by 3.1% during the first quarter. Johnson Investment Counsel Inc. now owns 1,872,409 shares of the company's stock valued at $120,490,000 after buying an additional 56,640 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in Alliant Energy during the first quarter valued at approximately $82,496,000. 79.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on LNT shares. BMO Capital Markets reaffirmed a "market perform" rating and set a $68.00 target price (up from $66.00) on shares of Alliant Energy in a report on Monday, August 11th. UBS Group reaffirmed a "neutral" rating and set a $67.00 target price (up from $65.00) on shares of Alliant Energy in a report on Friday, July 11th. 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 report on Monday, July 7th. Finally, Bank of America increased their price objective on shares of Alliant Energy from $68.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday, August 14th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Alliant Energy presently has a consensus rating of "Hold" and an average target price of $65.50.

Alliant Energy Price Performance

LNT traded up $0.22 during trading on Thursday, hitting $64.08. 358,525 shares of the company traded hands, compared to its average volume of 1,953,743. The company has a market cap of $16.47 billion, a PE ratio of 19.78, a P/E/G ratio of 2.99 and a beta of 0.54. The stock's 50-day simple moving average is $64.76 and its two-hundred day simple moving average is $62.70. Alliant Energy Corporation has a 1 year low of $56.08 and a 1 year high of $67.11. The company has a current ratio of 0.57, a quick ratio of 0.46 and a debt-to-equity ratio of 1.35.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.06. The company 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%. Alliant Energy's quarterly revenue was up 7.5% on a year-over-year basis. During the same period last 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, sell-side analysts anticipate that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were paid a dividend of $0.5075 per share. 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 (DPR) is presently 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.