Zacks Research Cuts Earnings Estimates for Alliant Energy

Alliant Energy Co. (NASDAQ:LNT) – Stock analysts at Zacks Research cut their Q4 2024 earnings per share estimates for Alliant Energy in a report released on Thursday, November 21st. Zacks Research analyst R. Department now forecasts that the company will earn $0.69 per share for the quarter, down from their previous estimate of $0.74. The consensus estimate for Alliant Energy’s current full-year earnings is $3.04 per share. Zacks Research also issued estimates for Alliant Energy’s Q1 2025 earnings at $0.65 EPS, Q2 2025 earnings at $0.63 EPS, Q4 2025 earnings at $0.76 EPS, FY2025 earnings at $3.22 EPS, Q1 2026 earnings at $0.73 EPS and Q2 2026 earnings at $0.68 EPS.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Thursday, October 31st. The company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.05. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. Alliant Energy had a return on equity of 10.56% and a net margin of 16.66%. The company’s quarterly revenue was up .4% compared to the same quarter last year. During the same period last year, the company earned $1.05 earnings per share.

Several other brokerages have also issued reports on LNT. LADENBURG THALM/SH SH upgraded Alliant Energy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $50.00 to $62.50 in a report on Tuesday, August 13th. UBS Group raised their price target on Alliant Energy from $64.00 to $65.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Mizuho lifted their price target on Alliant Energy from $52.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, October 4th. Barclays dropped their price objective on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. Finally, Scotiabank raised their price objective on shares of Alliant Energy from $58.00 to $64.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $63.06.

Alliant Energy Stock Up 0.2 %

LNT stock opened at $63.32 on Monday. The company has a 50 day moving average of $60.29 and a two-hundred day moving average of $56.14. The company has a market cap of $16.25 billion, a price-to-earnings ratio of 24.54, a PEG ratio of 3.13 and a beta of 0.58. Alliant Energy has a 12-month low of $46.80 and a 12-month high of $63.63. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33.

Alliant Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.92 annualized dividend and a yield of 3.03%. Alliant Energy’s dividend payout ratio (DPR) is presently 74.42%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LNT. Point72 Asset Management L.P. bought a new stake in shares of Alliant Energy in the second quarter valued at approximately $42,367,000. Eagle Ridge Investment Management bought a new stake in Alliant Energy in the 2nd quarter valued at $26,804,000. Massachusetts Financial Services Co. MA increased its holdings in shares of Alliant Energy by 8.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,512,770 shares of the company’s stock worth $395,260,000 after purchasing an additional 512,429 shares during the period. Weiss Asset Management LP bought a new position in shares of Alliant Energy during the 3rd quarter worth about $10,705,000. Finally, Millennium Management LLC raised its position in shares of Alliant Energy by 2,141.3% during the second quarter. Millennium Management LLC now owns 180,402 shares of the company’s stock valued at $9,182,000 after buying an additional 172,353 shares during the last quarter. 79.90% of the stock is currently owned by institutional investors and hedge funds.

About Alliant Energy

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.