UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Position in Alliant Energy Corporation $LNT

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Alliant Energy Corporation (NASDAQ:LNT) by 8.6% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,289,116 shares of the company’s stock after acquiring an additional 102,357 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Alliant Energy were worth $98,347,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Delta Global Management LP bought a new stake in Alliant Energy during the 1st quarter valued at about $2,512,000. The Manufacturers Life Insurance Company bought a new stake in shares of Alliant Energy during the second quarter valued at approximately $47,562,000. Nicholas Company Inc. bought a new stake in shares of Alliant Energy during the fourth quarter valued at approximately $5,736,000. Reaves W H & Co. Inc. boosted its holdings in shares of Alliant Energy by 71.8% in the fourth quarter. Reaves W H & Co. Inc. now owns 3,057,253 shares of the company’s stock valued at $198,752,000 after purchasing an additional 1,278,166 shares during the period. Finally, Segall Bryant & Hamill LLC purchased a new stake in shares of Alliant Energy in the first quarter valued at approximately $2,102,000. 79.90% of the stock is currently owned by institutional investors.

Alliant Energy Stock Down 0.1%

Shares of NASDAQ LNT opened at $67.92 on Wednesday. Alliant Energy Corporation has a 12-month low of $63.28 and a 12-month high of $78.81. The stock’s fifty day simple moving average is $72.63 and its two-hundred day simple moving average is $72.24. The stock has a market capitalization of $17.61 billion, a PE ratio of 21.49, a price-to-earnings-growth ratio of 2.52 and a beta of 0.54. The company has a current ratio of 0.47, a quick ratio of 0.35 and a debt-to-equity ratio of 1.41.

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

Alliant Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 31st were issued a $0.535 dividend. The ex-dividend date was Friday, July 31st. This represents a $2.14 dividend on an annualized basis and a yield of 3.2%. Alliant Energy’s payout ratio is currently 67.72%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Weiss Ratings cut Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Jefferies Financial Group reiterated a “buy” rating and issued a $80.00 target price on shares of Alliant Energy in a report on Thursday, August 27th. Mizuho dropped their price target on Alliant Energy from $76.00 to $75.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. TD Cowen initiated coverage on Alliant Energy in a research note on Tuesday, July 7th. They set a “hold” rating and a $83.00 price target on the stock. Finally, BMO Capital Markets decreased their price objective on Alliant Energy from $80.00 to $78.00 and set an “outperform” rating for the company in a report on Monday, August 3rd. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $77.00.

Alliant Energy 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.