Alliant Energy (LNT) Scheduled to Post Earnings on Thursday

Alliant Energy (NASDAQ:LNT) will be releasing its earnings data after the market closes on Thursday, May 2nd. Analysts expect Alliant Energy to post earnings of $0.66 per share for the quarter. Alliant Energy has set its FY 2024 guidance at 2.990-3.130 EPS and its FY24 guidance at $2.99-3.13 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings results on Friday, February 16th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.07). Alliant Energy had a return on equity of 10.85% and a net margin of 17.46%. The company had revenue of $961.00 million for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the prior year, the business earned $0.46 EPS. On average, analysts expect Alliant Energy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Alliant Energy Price Performance

Shares of Alliant Energy stock opened at $50.37 on Thursday. The stock has a market capitalization of $12.90 billion, a P/E ratio of 18.12, a PEG ratio of 2.66 and a beta of 0.55. The company has a current ratio of 0.55, a quick ratio of 0.40 and a debt-to-equity ratio of 1.21. The business’s fifty day moving average price is $48.84 and its 200 day moving average price is $49.53. Alliant Energy has a twelve month low of $45.15 and a twelve month high of $56.26.

Alliant Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend is Monday, April 29th. Alliant Energy’s dividend payout ratio is currently 69.06%.

Insiders Place Their Bets

In other news, CEO Lisa M. Barton acquired 1,100 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were purchased at an average price of $48.56 per share, for a total transaction of $53,416.00. Following the completion of the purchase, the chief executive officer now directly owns 36,444 shares of the company’s stock, valued at approximately $1,769,720.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.31% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

LNT has been the subject of several research reports. Scotiabank decreased their price objective on shares of Alliant Energy from $57.00 to $53.00 and set a “sector outperform” rating for the company in a research note on Monday. Barclays reiterated an “equal weight” rating and set a $53.00 target price (up from $50.00) on shares of Alliant Energy in a report on Tuesday, January 2nd. Bank of America decreased their price target on Alliant Energy from $55.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, April 11th. Finally, BMO Capital Markets raised their price target on shares of Alliant Energy from $51.00 to $53.00 and gave the company a “market perform” rating in a report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $51.36.

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.