Alliant Energy (LNT) Projected to Post Earnings on Thursday

Alliant Energy (NASDAQ:LNT - Get Free Report) is projected to announce its earnings results after the market closes on Thursday, February 20th. Analysts expect the company to announce earnings of $0.68 per share and revenue of $1.14 billion for the quarter. Investors interested in listening to the company's conference call can do so using this link.

Alliant Energy Stock Up 0.4 %

Alliant Energy stock traded up $0.23 during midday trading on Friday, hitting $61.33. 2,146,163 shares of the stock were exchanged, compared to its average volume of 1,362,455. Alliant Energy has a 1 year low of $46.80 and a 1 year high of $64.19. The firm has a market cap of $15.74 billion, a P/E ratio of 23.77, a P/E/G ratio of 2.73 and a beta of 0.60. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72. The company has a 50 day moving average price of $59.32 and a two-hundred day moving average price of $59.51.

Alliant Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 31st will be paid a dividend of $0.5075 per share. This is an increase from Alliant Energy's previous quarterly dividend of $0.48. The ex-dividend date is Friday, January 31st. This represents a $2.03 annualized dividend and a yield of 3.31%. Alliant Energy's payout ratio is 78.68%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on LNT shares. BMO Capital Markets dropped their price target on shares of Alliant Energy from $65.00 to $61.00 and set a "market perform" rating on the stock in a research note on Monday, November 4th. Wells Fargo & Company decreased their price objective on shares of Alliant Energy from $66.00 to $65.00 and set an "overweight" rating for the company in a report on Monday, November 4th. Scotiabank lowered shares of Alliant Energy from a "sector outperform" rating to a "sector perform" rating and raised their price objective for the stock from $64.00 to $67.00 in a report on Thursday, December 12th. Finally, Barclays decreased their price objective on shares of Alliant Energy from $61.00 to $59.00 and set an "equal weight" rating for the company in a report on Wednesday, November 6th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Alliant Energy presently has a consensus rating of "Hold" and a consensus price target of $63.39.

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.