Alliant Energy (NASDAQ:LNT – Get Free Report) issued its quarterly earnings data on Friday. The company reported $0.62 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.62, Briefing.com reports. Alliant Energy had a return on equity of 10.85% and a net margin of 17.46%. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the company earned $0.65 earnings per share. The firm’s revenue was down 4.3% compared to the same quarter last year. Alliant Energy updated its FY 2024 guidance to 2.990-3.130 EPS.
Alliant Energy Stock Performance
Shares of NASDAQ:LNT remained flat at $50.85 during mid-day trading on Friday. The company had a trading volume of 2,143,657 shares, compared to its average volume of 1,923,734. The stock has a market cap of $13.02 billion, a PE ratio of 18.03, a P/E/G ratio of 2.68 and a beta of 0.54. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.40 and a current ratio of 0.55. Alliant Energy has a one year low of $45.15 and a one year high of $56.26. The firm’s 50-day moving average price is $49.03 and its 200-day moving average price is $49.56.
Alliant Energy Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a dividend of $0.48 per share. The ex-dividend date is Monday, April 29th. This represents a $1.92 annualized dividend and a dividend yield of 3.78%. Alliant Energy’s payout ratio is 69.06%.
Analysts Set New Price Targets
Get Our Latest Stock Analysis on LNT
Insider Activity at Alliant Energy
In other Alliant Energy news, CEO Lisa M. Barton acquired 1,100 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were acquired at an average price of $48.56 per share, with a total value of $53,416.00. Following the completion of the transaction, the chief executive officer now owns 36,444 shares in the company, valued at $1,769,720.64. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.31% of the stock is owned by insiders.
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.
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