Equities analysts expect that Alliant Energy Co. (NASDAQ:LNT) will announce earnings per share (EPS) of $0.62 for the current quarter, Zacks reports. Zero analysts have issued estimates for Alliant Energy’s earnings. Alliant Energy reported earnings per share of $0.72 in the same quarter last year, which would suggest a negative year-over-year growth rate of 13.9%. The business is expected to issue its next earnings report on Thursday, May 6th.
On average, analysts expect that Alliant Energy will report full year earnings of $2.58 per share for the current fiscal year, with EPS estimates ranging from $2.57 to $2.58. For the next year, analysts forecast that the company will post earnings of $2.77 per share, with EPS estimates ranging from $2.73 to $2.81. Zacks’ EPS averages are an average based on a survey of analysts that cover Alliant Energy.
Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Wednesday, February 17th. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.01. Alliant Energy had a net margin of 19.33% and a return on equity of 12.01%. The business had revenue of $817.00 million for the quarter. During the same period last year, the company earned $0.46 earnings per share.
Several brokerages recently weighed in on LNT. Wolfe Research upgraded shares of Alliant Energy from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $54.00 to $56.00 in a report on Wednesday, February 3rd. Wells Fargo & Company cut their target price on shares of Alliant Energy from $60.00 to $54.00 and set an “overweight” rating on the stock in a report on Monday, February 22nd. TheStreet lowered shares of Alliant Energy from a “b” rating to a “c+” rating in a report on Monday, March 22nd. Finally, BMO Capital Markets started coverage on shares of Alliant Energy in a report on Tuesday, December 22nd. They issued a “market perform” rating and a $54.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $56.71.
Shares of LNT traded down $0.16 during mid-day trading on Thursday, hitting $54.23. 21,762 shares of the company traded hands, compared to its average volume of 1,434,263. The business has a 50-day moving average of $50.62 and a 200 day moving average of $51.27. Alliant Energy has a one year low of $44.36 and a one year high of $58.10. The stock has a market capitalization of $13.55 billion, a price-to-earnings ratio of 20.29, a PEG ratio of 3.18 and a beta of 0.29. The company has a current ratio of 0.80, a quick ratio of 0.63 and a debt-to-equity ratio of 1.15.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 16th. Investors of record on Friday, January 29th were issued a dividend of $0.403 per share. This represents a $1.61 dividend on an annualized basis and a dividend yield of 2.97%. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.38. The ex-dividend date was Thursday, January 28th. Alliant Energy’s dividend payout ratio (DPR) is presently 69.70%.
Several large investors have recently modified their holdings of LNT. Legacy Private Trust Co. grew its position in shares of Alliant Energy by 33.3% in the 4th quarter. Legacy Private Trust Co. now owns 8,000 shares of the company’s stock valued at $412,000 after acquiring an additional 2,000 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Alliant Energy by 43.8% during the 4th quarter. Janus Henderson Group PLC now owns 8,473,743 shares of the company’s stock worth $436,651,000 after buying an additional 2,581,492 shares during the period. Blair William & Co. IL boosted its holdings in shares of Alliant Energy by 12.5% during the 4th quarter. Blair William & Co. IL now owns 21,178 shares of the company’s stock worth $1,091,000 after buying an additional 2,345 shares during the period. Diversified LLC bought a new stake in shares of Alliant Energy during the 4th quarter worth about $47,000. Finally, Magellan Asset Management Ltd boosted its holdings in shares of Alliant Energy by 3.9% during the 4th quarter. Magellan Asset Management Ltd now owns 2,394,381 shares of the company’s stock worth $123,383,000 after buying an additional 89,814 shares during the period. Institutional investors and hedge funds own 72.95% of the company’s stock.
About Alliant Energy
Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the Midwest region of 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.
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