Brokerages expect Alliant Energy Corporation (NYSE:LNT) to post $0.86 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Alliant Energy Corporation’s earnings. The lowest EPS estimate is $0.85 and the highest is $0.86. Alliant Energy Corporation posted earnings of $0.80 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.5%. The company is expected to announce its next earnings results on Thursday, November 2nd.
On average, analysts expect that Alliant Energy Corporation will report full-year earnings of $2.00 per share for the current financial year, with EPS estimates ranging from $2.00 to $2.01. For the next year, analysts forecast that the company will report earnings of $2.13 per share, with EPS estimates ranging from $2.10 to $2.16. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Alliant Energy Corporation.
Alliant Energy Corporation (NYSE:LNT) last issued its earnings results on Thursday, August 3rd. The utilities provider reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The firm had revenue of $765.30 million during the quarter, compared to the consensus estimate of $725.92 million. Alliant Energy Corporation had a net margin of 11.85% and a return on equity of 11.43%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.37 earnings per share.
Several equities research analysts have recently weighed in on LNT shares. BidaskClub downgraded shares of Alliant Energy Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. Barclays PLC reissued an “equal weight” rating and issued a $43.00 target price (up previously from $41.00) on shares of Alliant Energy Corporation in a research report on Thursday, June 1st. Zacks Investment Research raised shares of Alliant Energy Corporation from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Friday, May 19th. Jefferies Group LLC started coverage on shares of Alliant Energy Corporation in a research report on Friday, May 26th. They issued a “hold” rating and a $42.00 target price for the company. Finally, UBS AG reissued a “neutral” rating and issued a $42.00 target price (up previously from $41.00) on shares of Alliant Energy Corporation in a research report on Wednesday, May 10th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. Alliant Energy Corporation presently has an average rating of “Hold” and a consensus price target of $42.17.
Alliant Energy Corporation (NYSE LNT) opened at 41.57 on Wednesday. The firm has a market cap of $9.47 billion, a P/E ratio of 25.16 and a beta of 0.41. Alliant Energy Corporation has a 52 week low of $34.88 and a 52 week high of $42.19. The company’s 50 day moving average is $40.69 and its 200-day moving average is $39.70.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be issued a $0.315 dividend. This represents a $1.26 annualized dividend and a dividend yield of 3.03%. The ex-dividend date is Thursday, July 27th. Alliant Energy Corporation’s dividend payout ratio (DPR) is presently 74.12%.
In other news, SVP James H. Gallegos sold 5,000 shares of Alliant Energy Corporation stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $41.25, for a total value of $206,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Deborah B. Dunie purchased 3,700 shares of the firm’s stock in a transaction dated Friday, May 19th. The stock was acquired at an average cost of $39.61 per share, with a total value of $146,557.00. Following the completion of the acquisition, the director now directly owns 11,050 shares in the company, valued at approximately $437,690.50. The disclosure for this purchase can be found here. Insiders own 0.33% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of LNT. Johnson Financial Group Inc. raised its position in Alliant Energy Corporation by 2.0% in the first quarter. Johnson Financial Group Inc. now owns 41,229 shares of the utilities provider’s stock valued at $1,633,000 after buying an additional 817 shares during the period. Wells Fargo & Company MN raised its position in Alliant Energy Corporation by 14.7% in the first quarter. Wells Fargo & Company MN now owns 379,381 shares of the utilities provider’s stock valued at $15,028,000 after buying an additional 48,487 shares during the period. Investment Centers of America Inc. raised its position in Alliant Energy Corporation by 0.9% in the first quarter. Investment Centers of America Inc. now owns 85,699 shares of the utilities provider’s stock valued at $3,403,000 after buying an additional 745 shares during the period. Mackenzie Financial Corp acquired a new position in Alliant Energy Corporation during the first quarter valued at approximately $570,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Alliant Energy Corporation by 29.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,890 shares of the utilities provider’s stock valued at $669,000 after buying an additional 3,849 shares during the period. 67.68% of the stock is owned by institutional investors and hedge funds.
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About Alliant Energy Corporation
Alliant Energy Corporation operates as a regulated investor-owned public utility holding company. The Company’s segments include Utility and Non-regulated, Parent and Other. The Utility segment includes the operations of Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL), which serve retail customers in Iowa and Wisconsin.
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