Zacks Research Raises Earnings Estimates for Alliant Energy

Alliant Energy Co. (NASDAQ:LNT) – Research analysts at Zacks Research raised their Q3 2024 earnings per share (EPS) estimates for Alliant Energy in a research report issued on Monday, October 28th. Zacks Research analyst R. Department now anticipates that the company will earn $1.08 per share for the quarter, up from their prior forecast of $1.05. The consensus estimate for Alliant Energy’s current full-year earnings is $3.06 per share. Zacks Research also issued estimates for Alliant Energy’s Q4 2024 earnings at $0.74 EPS, Q2 2025 earnings at $0.71 EPS, Q3 2025 earnings at $1.01 EPS, Q4 2025 earnings at $0.84 EPS and FY2025 earnings at $3.24 EPS.

LNT has been the subject of several other reports. Bank of America upped their price objective on Alliant Energy from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Mizuho lifted their price target on shares of Alliant Energy from $52.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, October 4th. Wells Fargo & Company raised their target price on shares of Alliant Energy from $62.00 to $66.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. UBS Group upped their price target on shares of Alliant Energy from $64.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Finally, Barclays raised their price objective on Alliant Energy from $55.00 to $61.00 and gave the company an “equal weight” rating in a report on Monday, October 14th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $63.28.

Alliant Energy Stock Down 0.7 %

Shares of LNT opened at $59.28 on Wednesday. The firm has a 50 day simple moving average of $59.85 and a two-hundred day simple moving average of $54.90. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.65 and a quick ratio of 0.48. Alliant Energy has a one year low of $46.80 and a one year high of $62.49. The company has a market cap of $15.21 billion, a P/E ratio of 24.20, a P/E/G ratio of 2.91 and a beta of 0.58.

Alliant Energy (NASDAQ:LNT) last issued its earnings results on Thursday, August 1st. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.07). The firm had revenue of $894.00 million during the quarter, compared to analyst estimates of $897.03 million. Alliant Energy had a net margin of 15.77% and a return on equity of 10.23%. Alliant Energy’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.64 earnings per share.

Institutional Trading of Alliant Energy

Several institutional investors have recently added to or reduced their stakes in the stock. Northwest Investment Counselors LLC acquired a new stake in Alliant Energy during the 3rd quarter worth about $28,000. Eastern Bank bought a new stake in shares of Alliant Energy during the 3rd quarter valued at about $30,000. Kimelman & Baird LLC acquired a new stake in Alliant Energy during the second quarter worth approximately $41,000. Ashton Thomas Private Wealth LLC bought a new stake in Alliant Energy in the second quarter worth approximately $43,000. Finally, MRP Capital Investments LLC acquired a new position in Alliant Energy in the second quarter valued at approximately $56,000. 79.90% of the stock is currently owned by institutional investors.

Alliant Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a $0.48 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.24%. Alliant Energy’s dividend payout ratio (DPR) is presently 78.37%.

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.