Q3 EPS Estimate for Alliant Energy Increased by Analyst

Alliant Energy Co. (NASDAQ:LNT - Free Report) - Investment analysts at Zacks Research raised their Q3 2024 EPS estimates for shares of Alliant Energy in a research report issued to clients and investors on Monday, October 28th. Zacks Research analyst R. Department now forecasts 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.

Alliant Energy (NASDAQ:LNT - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.57 EPS for the quarter, missing analysts' consensus estimates of $0.64 by ($0.07). The business 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 revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.64 earnings per share.

Other research analysts have also issued reports about the stock. Mizuho increased their price objective on shares of Alliant Energy from $52.00 to $61.00 and gave the stock a "neutral" rating in a report on Friday, October 4th. LADENBURG THALM/SH SH upgraded shares of Alliant Energy from a "neutral" rating to a "buy" rating and raised their price target for the company from $50.00 to $62.50 in a report on Tuesday, August 13th. BMO Capital Markets raised their price target on shares of Alliant Energy from $58.00 to $60.00 and gave the company a "market perform" rating in a report on Tuesday, August 6th. UBS Group raised their price target on shares of Alliant Energy from $64.00 to $65.00 and gave the company a "neutral" rating in a report on Friday, September 20th. Finally, Scotiabank raised their price target on shares of Alliant Energy from $58.00 to $64.00 and gave the company a "sector outperform" rating in a report on Tuesday, August 20th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $63.28.

Alliant Energy Trading Down 0.7 %

NASDAQ:LNT traded down $0.42 on Wednesday, reaching $59.28. The stock had a trading volume of 1,825,049 shares, compared to its average volume of 1,582,292. The company has a market cap of $15.21 billion, a price-to-earnings ratio of 24.20, a P/E/G ratio of 2.91 and a beta of 0.58. Alliant Energy has a 12-month low of $46.80 and a 12-month high of $62.49. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.65 and a quick ratio of 0.48. The firm's fifty day moving average is $59.82 and its two-hundred day moving average is $54.87.

Hedge Funds Weigh In On Alliant Energy

A number of hedge funds have recently added to or reduced their stakes in the business. Janus Henderson Group PLC lifted its stake in Alliant Energy by 10.3% in the first quarter. Janus Henderson Group PLC now owns 10,579,475 shares of the company's stock valued at $533,205,000 after buying an additional 984,963 shares during the last quarter. Johnson Investment Counsel Inc. lifted its stake in Alliant Energy by 1.7% in the second quarter. Johnson Investment Counsel Inc. now owns 1,756,533 shares of the company's stock valued at $89,408,000 after buying an additional 29,358 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Alliant Energy by 9.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,293,966 shares of the company's stock valued at $65,865,000 after buying an additional 116,399 shares during the last quarter. Anchor Capital Advisors LLC lifted its stake in Alliant Energy by 6.0% in the second quarter. Anchor Capital Advisors LLC now owns 964,337 shares of the company's stock valued at $49,085,000 after buying an additional 54,510 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in Alliant Energy in the second quarter valued at $42,367,000. Institutional investors and hedge funds own 79.90% of the company's stock.

Alliant Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Thursday, October 31st. Alliant Energy's dividend payout ratio 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.