Alliant Energy (NASDAQ:LNT) Releases Quarterly Earnings Results

Alliant Energy (NASDAQ:LNT – Get Free Report) posted its earnings results on Thursday. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.31 by $0.21, Zacks reports. Alliant Energy had a net margin of 18.45% and a return on equity of 11.16%.

Alliant Energy Stock Performance

NASDAQ LNT traded up $1.31 on Thursday, hitting $70.68. 3,053,762 shares of the stock traded hands, compared to its average volume of 2,832,311. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.35 and a current ratio of 0.47. The business’s fifty day moving average is $66.91 and its two-hundred day moving average is $70.42. Alliant Energy has a 12 month low of $62.54 and a 12 month high of $78.81. The firm has a market capitalization of $18.33 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 2.92 and a beta of 0.52.

Alliant Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 30th will be issued a dividend of $0.5350 per share. This represents a $2.14 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, October 30th. Alliant Energy’s dividend payout ratio is 67.72%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on LNT shares. Wall Street Zen raised Alliant Energy from a “strong sell” rating to a “sell” rating in a report on Sunday, September 20th. HSBC began coverage on Alliant Energy in a report on Thursday, October 22nd. They set a “hold” rating and a $69.50 price target on the stock. Royal Bank Of Canada set a $75.00 target price on Alliant Energy in a research report on Wednesday, October 14th. TD Cowen assumed coverage on Alliant Energy in a research report on Tuesday, July 7th. They set a “hold” rating and a $83.00 target price for the company. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Alliant Energy in a research note on Monday. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Alliant Energy currently has an average rating of “Moderate Buy” and an average target price of $74.68.

Check Out Our Latest Stock Report on Alliant Energy

Alliant Energy Company Profile

(Get Free Report)

Alliant Energy Corporation is a public utility holding company headquartered in Madison, Wisconsin. Through its regulated utility subsidiaries, Interstate Power and Light Company and Wisconsin Power and Light Company, the company provides electric and natural gas service to residential, commercial, and industrial customers in Iowa and Wisconsin.

Alliant Energy’s operations include the generation, transmission, distribution, and sale of electricity, as well as the distribution and sale of natural gas.

See Also

Earnings History for Alliant Energy (NASDAQ:LNT)

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